Revenue Barred From Reopening JDA Taxability Once Issue Is Settled

DCIT Vs Chaitanya Properties Pvt. Ltd. (ITAT Bangalore) Finality Matters: Once Settled, Always Settled: Revenue Can’t Reopen JDA Taxability Again-  Bangalore ITAT “A” Bench, in DCIT Vs Chaitanya Properties Pvt. Ltd. (ITA No. 1158/Bang/2024, AY 2011-12; order dated 31.01.2025), dismissed Revenue’s appeal holding that issues relating to taxability of income arising from Joint Development Agreement (JDA) had already attained finality in earlier round of litigation. Assessee, engaged in property development, was subjected to proceedings u/s 153C pursuant to search at Srinivasa Trust, duri...