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ITAT Allahabad Quashed Assessments for Mechanical Section 153D Approval to 63 cases in one day

December 29, 2025 414 Views 0 comment Print

The Tribunal held that mandatory prior approval granted in a routine and non-speaking manner violates statutory requirements. Assessments framed on such approval were found legally unsustainable.

Kolkata ITAT Quashes Time-Barred Reopening for AY 2015-16

December 28, 2025 546 Views 0 comment Print

The ITAT held that reassessment initiated in July 2022 for AY 2015-16 was barred by limitation. The ruling confirms that expired cases cannot be revived under the post-2021 reassessment framework.

Buyer Can’t Be Taxed on Builder’s Confession Alone- Third-Party Excel & Statements Not Enough

December 28, 2025 1167 Views 0 comment Print

The Tribunal held that additions based solely on third-party statements and Excel data seized from another person cannot survive without independent corroboration. Denial of effective cross-examination rendered the section 69C addition unsustainable.

Presumptive Taxation Allowed as Partner’s Remuneration Is Professional Income: ITAT Delhi

December 28, 2025 4833 Views 0 comment Print

The tribunal held that remuneration received by a professional partner qualifies as professional income. The key takeaway is that such receipts can be taxed under Section 44ADA.

Cash deposit by petrol pumps during demontisation partly allowed by Delhi ITAT

December 28, 2025 663 Views 0 comment Print

The tribunal held that cash deposits of a petrol pump operator during demonetisation could not be fully treated as unexplained. Only a lump sum addition was sustained, recognizing the business nature of receipts.

AIS/Form 10DB Mismatch Rejected as Basis for Taxing Agent on Trading Profits

December 28, 2025 324 Views 0 comment Print

ITO Vs Oval Investment Pvt. Ltd (ITAT Delhi) AIS/Form 10DB Mismatch Not Conclusive- Share & F&O Profits Taxable Only in Real Owner’s Hands- Commission Agent Cannot Be Taxed on Principal’s Trading Income  dismissed the Revenue’s appeal and upheld deletion of additions aggregating to ₹4.13 crore, holding that share trading, F&O and dividend income belonged to the […]

Notice by JAO After Faceless Scheme Invalid: Chennai ITAT Quashes Reassessment

December 28, 2025 861 Views 0 comment Print

Chennai ITAT held that reassessment notices issued by a JAO after 29-03-2022 are invalid under the mandatory faceless assessment framework, quashing all consequential orders while preserving the Revenue’s right to revive proceedings if Apex Court rules otherwise.

DGIT (Inv.) Inputs Alone Can’t Justify Reopening: ITAT

December 27, 2025 834 Views 0 comment Print

ITAT found the recorded reasons vague and non-specific, failing to even identify the nature of alleged escapement. Such mechanical reasons render the notice under section 148 void ab initio.

Wrong ITR Column Can’t Deny Trust Exemption: ITAT Kolkata

December 27, 2025 897 Views 0 comment Print

The Tribunal condoned an extraordinary 2315-day delay, noting that the disallowance arose from a return-filing error and not lack of application of income. The matter was restored for fresh adjudication on merits.

Entire Purchase Disallowance Rejected; 6% GP Estimation Upheld

December 27, 2025 855 Views 0 comment Print

ITAT ruled that disallowing full purchases while also taxing corresponding sales is legally unsustainable. A uniform 6% gross profit estimation on alleged non-genuine transactions was upheld as a fair and pragmatic approach.

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