Madras High Court quashes prosecution for TDS delay. It was a staff lapse, not mala fide intent. All taxes were paid, and the trust has since been compliant.
The Delhi ITAT has invalidated assessments under Section 153C, ruling that a consolidated and mechanical approval under Section 153D is not valid. The approval must be specific to each year.
Delhi ITAT upholds the quashing of a reassessment against Punjab National Bank, ruling it was based on a mere change of opinion without new material, which is not permitted under tax law.
Delhi ITAT directs a company’s tax be recomputed at a concessional 22% rate, ruling that a delayed procedural form filing should not negate a clear intent.
ITAT Delhi: Assessment against a company in liquidation is quashed. The IBC moratori-um overrides the Income Tax Act, rendering the tax proceedings null and void.
Delhi ITAT restores a penalty appeal for a deceased assessee, directing CIT(A) to provide legal heirs a fresh opportunity to be heard. Ex-parte order set aside.
ITAT Delhi remands a 12A/80G application. A fresh application for registration as a charitable trust cant be rejected solely because a prior one was denied.
ITAT Delhi: Cash deposits in a dissolved firms bank account are taxable only in the proprietors hands, not the partnerships. The protective addition was deleted.
Delhi ITAT deletes over ₹6 crore in additions, ruling that documents impounded from a property broker related to third-party transactions, not his own income.
Delhi ITAT rules that assessments against a non-searched person must be conducted under Section 153C, not 143(3), when a satisfaction note is recorded. Invalid jurisdiction nullifies the assessment.
