2023-TIOL-820-ITAT-DEL
ACIT Vs Heritage Beverages Pvt Ltd
Whether provisions of Section 68 will apply where credit entries relevant to the investment in share capital and share premium do not relate to the relevant assessment year - NO: ITAT
- Revenue's appeal dismissed: DELHI ITAT
2023-TIOL-819-ITAT-KOL
ACIT Vs Semall Impex Pvt Ltd
Whether additions framed u/s 68 on account of unexplained cash credit are sustainable where no cash was found to have been transferred to the assessee's account - NO: ITAT
Whether as per Section 2(m) of SEZ Act, the entire turnover is to be treated as export turnover - YES: ITAT
- Appeal partly allowed: KOLKATA ITAT
2023-TIOL-818-ITAT-MUM
Medley Pharmaceuticals Ltd Vs DCIT
Whether AO should consider the enhanced profits in light of the CBDT circular - YES: ITAT
- Assessee's appeal allowed: MUMBAI ITAT