ITAT quashed reassessment notice issued by Jurisdictional AO instead of Faceless AO. Addition of ₹29.69 crore was invalidated, and Revenue’s appeal became infructuous.
The Tribunal held that an order rejecting condonation under Section 119(2)(b) cannot be appealed under Section 253(1). The appeal was dismissed as not maintainable, reaffirming limits on the Tribunal’s jurisdiction.
The Bombay High Court held that a reassessment notice issued under Section 148 on 5th April 2022 is barred by limitation, following the Supreme Court’s Rajeev Bansal decision and prior High Court rulings.
The Tribunal upheld the deletion of alleged on-money additions, holding that similar additions had already been overturned in HBPL’s case. The ruling confirms that the AO’s reliance on earlier search findings could not justify the addition.
The Supreme Court’s judgment highlights that strict compliance with the original Form 10-IC deadline is essential to avail Section 115BAA tax benefits.
ITAT Delhi remands an ex-parte CIT(A)/NFAC order for fresh adjudication, citing potential communication gaps in the faceless hearing regime.
ITAT Chandigarh held that Rs. 12 lakh cash deposits during demonetization, received from members of a cooperative society, cannot be treated as unexplained income. The appeal was partly allowed, and the addition was deleted.
Supreme Court dismissed petition, confirming that a college with valid 12AA registration is eligible for 80G approval under Income Tax Act.
The Tribunal rejected the appeal as the tax effect was below the ₹60 lakh threshold set by CBDT. The legal issue was kept open, with liberty to recall if an exception applies.
SC upheld the view that 148A(b) notices must specify information indicating escapement and cannot be used for preliminary fact-finding. The decision reiterates the mandatory separation between inquiries and show-cause notices.
