"I am the special invitee member of “ICAI The Direct Tax Committee and of The Committee of Accounting Standard of NIRC of ICAI” for FY 2025-26. My article published (Topic: “The Uttarakhand Mega Industrial and Investment Policy-2025: Driving Large-Scale Manufacturing Investment”) on ICAI Knowledge Series on MSME & Startup "ज्ञान सागर" issued by Committee on MSME & Startup, ICAI in the month of October, 2025 Vol. 1 Series 6 page no. 5 to 9 and NIRC E-Newsletter in the month of March, April and May, 2025. My active participation through my Linkedin Post, Instagram Reels and my youtube channel “Chartered Companion” enlightening the stakeholders. I explain and teach on the Subject of Direct Tax Law and related their complex matter, I have delivered lecture on “Overview of Income Tax Act, 2025” at the youtube channel of CA Sansaar. I am a dedicated tax law researcher with a strong focus on income tax and GST Laws. With extensive experience in legal analysis, policy interpretation and financial compliance, also I am a passionate about exploring the evolving landscape of taxation laws. Navigate complex tax frameworks. I am committed to simplifying tax laws. Specializing in resolving disputes with tax authorities, I bring a deep understanding of statutory requirements, procedural intricacies, and strategic advocacy to every case. Dynamic and Goal Oriented person with approx. 14 years of experience in the field of Book Keeping, Statutory Audit, Internal Audit, Concurrent Audit, Bank Audit, Revenue Audit, Compliance Audit, Tax Audit, Insurance Audit, Filing of ITRs, TDS/TCS Returns Filing, Preparation of Financial Statements, Accounting, Statutory Compliance and 5 years’ experience of Punjab VAT, Service Tax & Central Excise and 8 years of experience under GST Laws. I am now exploring MSME growth subsidies schemes that provide fuel to MSME sectors. I completed my B.Com and M.Com from Panjab University Chandigarh (USOL) Courses. There after join the prestigious CA and I became a Chartered Accountant after facing lots of hurdles and issues. My articleship from a Mandi Gobindgarh Based firm. Qualification: B.Com, M.Com, ACA, ICAI-AICA Level 1, GOI Cyber Security Certified (Ministry of Home) Topic: Income Tax, GST and MSME new schemes Youtube Channel Name: Chartered Companion Channel Link: https://youtube.com/shorts/00I1966yBAY?si=R-QeWOZU4iyvm7X2 Linkedin Profile: www.linkedin.com/in/ca-p-r-hathwal-5527802b5 "
ITAT held that entire receipts cannot be treated as unexplained when income is already offered to tax. Only unverifiable expenses can be disallowed.
The Tribunal held that capital gains arising from property transferred to a spouse without consideration must be taxed in the transferor’s hands under Section 64(1)(iv). Reassessment was invalid as the income had already been taxed in the husband’s return.
ITAT Delhi held that reassessment proceedings under Section 147 cannot be initiated while scrutiny assessment under Section 143(2) is still pending. Such parallel proceedings are without jurisdiction and render the entire reassessment order invalid.
The Tribunal condoned a 161-day delay in filing the appeal after accepting medical evidence showing the assessee suffered an accident and dengue fever. The ruling reiterates that courts should adopt a liberal and justice-oriented approach in condonation matters.
The ITAT relied on surrounding circumstances, documentary evidence, and the principle of human probabilities to conclude that cash consideration was paid in a land transaction. The Tribunal confirmed the addition of unaccounted sale consideration as short-term capital gains.
Section 60 of the CGST Act allows temporary tax payment when liability is uncertain, ensuring business continuity while protecting revenue.
The Tribunal set aside the CIT(A)’s order because the appeal was dismissed on limitation without properly examining delay condonation grounds. It held that non-speaking orders passed without adequate hearing violate principles of natural justice and require fresh adjudication.
The Tribunal held reassessment invalid as approval was taken from Pr. CIT instead of Pr. CCIT under Section 151(ii). Jurisdictional non-compliance rendered the notice void.
The Tribunal held that exclusion of time for transfer of seized material applies only within the running limitation period. As the assessment was passed beyond the recalculated deadline, it was quashed as barred by limitation.
The Tribunal held that once reassessment is validly initiated, the Assessing Officer can tax any escaped income discovered later. Additions need not relate to the original reopening reason.
