2023-TIOL-292-ITAT-DEL
JWIL Infra Ltd Vs DCIT
Whether when subsidiary company is established as SPV out of stipulation of bid documents, then commercial expediency has to be presumed and question of use of borrowed funds or using interest free advances is not of much consequence - YES: ITAT
- Assessee's appeal allowed: DELHI ITAT
2023-TIOL-291-ITAT-KOL
RUHR Ispat Pvt Ltd Vs ACIT
Whether additions framed u/s 68 merit being set aside where details of assessee's debtors were duly verified by the AO as well as the Investigation Wing - YES: ITAT
- Appeal allowed: KOLKATA ITAT
2023-TIOL-290-ITAT-CHD
A B Sugars Ltd Vs DCIT
Whether credit of tax paid under sub-section (1) of section 115JB is to be given under MAT provisions - YES: ITAT
- Assessee's appeal partly allowed: CHANDIGARH ITAT
2023-TIOL-289-ITAT-CHD
Longowalia Yarns Ltd Vs DCIT
Whether search assessment framed u/s 153A can be sustained where no material incriminating the assessee is found in course of Search operations u/s 132 of the Act - NO: ITAT
- Appeal allowed: CHANDIGARH ITAT
