Weekly DT Digest

Rajkot ITAT rejects Revenue’s appeal , allows exclusion of profits of assessee (sick company) from computation of book

Pune ITAT holds that MAT credit to be allowed against tax including surcharge & education cess, relies on Calcutta

Kolkata ITAT rules that expenses incurred towards training of man power in BPO are ‘revenue’ in nature for

Mumbai ITAT assesses capital gains arising to individual- assessee during AY 2011-12 on sale of property in November,

Pune ITAT allows depreciation benefit @ 25% to assessee on ‘License to collect Toll’, holds it to be

Delhi ITAT deletes Sec. 271D penalty with respect to advance received by assessee-individual from his wife in violation

SC dismisses assessee’s SLP against Delhi HC's order which had held ITAT’s approach of setting aside CIT’s revisionary

Karnataka HC sets aside ITAT’s order holding that assessee-trust was ineligible for renewal of recognition u/s 80G ,

Mumbai ITAT denies benefit u/s 54 to individual assessee for AY 2006-07 with respect to capital gains derived

Chennai ITAT allows deduction for bad debts written off of Rs 33.27 Cr in the hands of Sun

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