Chandigarh ITAT held that CIT(A) has no power to set aside assessments passed u/s 143(3), as such power exists only for ex-parte orders u/s 144. Revenue’s appeal was allowed, and the case remanded for fresh adjudication on merits.
ITAT Ahmedabad dismisses an income tax appeal, ruling that an entire cash payment for land could not be taxed as an unexplained investment.
ITAT Agra rules AO’s failure to verify source of Rs.20 lakh property investment makes assessment order erroneous, upholding PCIT’s revision powers under Section 263.
The Karnataka High Court has quashed a criminal case against a taxpayer, ruling that he was not responsible for tax evasion and fraudulent acts committed by his Chartered Accountant.
ITAT Ahmedabad rules that a charitable organization’s application for tax exemption cannot be rejected solely due to a technical error in form submission without a hearing.
The ITAT Jaipur ruled that cash deposits explained by recorded sales cannot be added solely on an uncorroborated survey statement, upholding assessee’s appeal.
The Karnataka High Court has acquitted an assessee, holding he cannot be criminally prosecuted for tax evasion when his Chartered Accountant fraudulently manipulated a payment challan after receiving the full tax amount.
The Income Tax Appellate Tribunal (ITAT) in Pune ruled that dismissing an appeal under Section 249(4)(b) for non-payment of advance tax is unjustified when the assessee, a cooperative society,
ITAT Panaji ruled that cooperative societies can claim a deduction under Section 80P even if they filed their return late, but only for assessment years (AYs) prior to 2018-19.
Karnataka HC refused to interfere with its earlier order setting aside the Income Tax Department’s rejection of ITC’s plea for release of ₹2 crore seized during a raid. The matter was remitted to the Deputy Director of Income Tax for fresh consideration.
