The ITAT Chennai has quashed a reassessment against Ambattur Constructions, ruling that a mere audit objection without fresh material is not a valid basis for reopening a completed assessment.
Delhi ITAT deleted a ₹10,000 penalty under Section 271(1)(b), finding no deliberate defiance by the assessee despite a delay in responding to a tax notice.
The ITAT Mumbai has returned a case to the CIT(A), ruling that the appeal was wrongly dismissed on a technicality without considering documents filed on time.
The ITAT Delhi has quashed an income tax reopening, ruling that a “mechanical” approval from the prescribed authority under Section 151 of the Income-tax Act is invalid.
Mumbai ITAT voids reassessment proceedings for CEC-ITD CEM TPL Joint Venture, citing the Assessing Officer’s failure to adhere to Section 148A procedures, including non-disclosure of material and non-consideration of the assessee’s reply.
ITAT Lucknow allowed exemption for Long Term Capital Gains on a share sale, ruling that tax authorities cannot rely on un-furnished investigation report to dismiss a taxpayer’s claim.
The Delhi High Court dismisses a defamation petition against MP Bansuri Swaraj, ruling her statements were a direct quote from an official ED tweet.
The ITAT Ahmedabad ruled that the TDS threshold under Section 194IA applies to the payment made to each individual seller, not the total transaction value.
The ITAT Lucknow bench deleted an addition made under Section 69A, ruling that a cash deposit from the assessee’s wife’s withdrawals was a sufficiently explained source.
The ITAT ruled that an assessment initiated before an assessee’s death is not void. It remanded the case, directing the AO to re-do the assessment in the legal heir’s name.
