The Pune ITAT quashed a reassessment order, ruling that proceedings initiated under Section 147 were invalid. The tribunal held that information from a third-party search mandates proceedings under Section 153C, not Section 147.
ITAT Mumbai rules that a revised assessment order becomes invalid when the original Section 263 revision order on which it was based is quashed.
The Mumbai Income Tax Appellate Tribunal (ITAT) ruled in favor of Suraj Somaru Varma, a Business Correspondent agent, deleting an addition of ₹9.16 lakh made under Section 69A. The Tribunal held that the demonetized currency deposits were not unexplained income but part of normal business operations, as Varma was authorized by RBI and maintained proper records.
The Mumbai ITAT ruled that TDS credit cannot be denied if the amount is correctly reflected in Form 26AS, directing the tax authorities to allow the claim.
The ITAT Bangalore quashed a PCIT order, ruling that the premature hearing and subsequent order violated natural justice, remitting the case for a fresh hearing.
The ITAT Bangalore ruled that the CIT(A) erred by dismissing a tax appeal without a hearing, violating natural justice. The case was remanded for a fresh hearing.
ITAT Ahmedabad partially upholds PCIT’s revision in Torrent Investments case, focusing on Sec 14A disallowances while ruling on capital loss and CSR deductions.
The Kerala High Court dismissed a tax petition by a retired Subedar, ruling it lacked territorial jurisdiction. The court stated that a bank account in Kerala does not confer jurisdiction when the entire tax assessment cause of action arose in Jharkhand.
The Income Tax Appellate Tribunal (ITAT) Mumbai has remanded an appeal by Sumatinath Builders back to the Commissioner of Income Tax (Appeals) after finding the initial ex-parte order was issued without proper notice to the assessee.
Supreme Court of India upholds a landlord’s eviction claim, ruling that a tenant is legally barred from denying the landlord’s ownership after decades of tenancy.
