ITAT held that framing reassessment without issuing a statutory 143(2) notice is invalid, quashing reassessments for a real estate company despite alleged bogus expenses.
The Court held that revocation of a LoI without reasons violated natural justice. It reaffirmed that contractual rights must be protected when parties have relied on government approvals in public procurement.
The Supreme Court quashed criminal proceedings under Sections 406/420 IPC, holding that no prima facie case existed against the accused. The ruling highlights that civil disputes cannot be turned into vindictive criminal cases.
The Supreme Court held that failure to issue notice under Section 7(5)(b) IBC invalidates NCLT rejection; defective affidavits alone do not nullify applications.
The reassessment notice under Section 148 issued after 01.04.2021 did not comply with the amended provisions requiring enquiry and hearing. The NFAC held the reassessment order void ab initio. This ruling emphasizes strict adherence to procedural safeguards under amended law.
The NFAC remitted a statutory authority’s taxability under Section 2(15) to the AO for fresh consideration. The assessee’s exemption claims under Sections 11 and 12 were disputed. The ruling ensures reassessment aligns with Supreme Court guidelines and provides a fair hearing.
ITAT Delhi deletes ₹38 lakh additions under Sections 68 and 69A, accepting that agricultural income was misreported due to a clerical error and demonetization cash was properly explained.
A GST demand and recovery order was invalidated as the issuing officer acted beyond jurisdiction. The matter is remitted to a new officer for reconsideration. This ensures fair process and proper application of the law.
The Tribunal ruled that once the assessee responds to a 148A(b) notice, the AO must complete the 148A(d)–148 cycle within the remaining time. In this case, the notice overshot the surviving limitation period, making reassessment legally defective. Consequently, all additions related to alleged accommodation entries and loans were quashed.
ITAT Delhi held that assessments under section 153C are invalid if the AO of the searched person fails to record a mandatory satisfaction note, emphasizing jurisdictional compliance.
