Follow Us:

All ITAT

Scrap Trader’s ₹6.77 Cr Addition Quashed – ITAT Agra Faults AO for Ignoring Evidence

October 3, 2025 447 Views 0 comment Print

Agra ITAT confirms deletion of Rs. 6.77 Cr addition u/s 68, ruling the scrap trader’s bank credits were fully explained by GST, loans, VAT refund, and internal transfers, backed by evidence.

Shipping & Inland Haulage Income Covered by Article 8 of India–UAE DTAA: ITAT Mumbai

October 3, 2025 765 Views 0 comment Print

ITAT Mumbai rules Avana Global’s freight and inland haulage income is exempt under Article 8 of the India-UAE DTAA, rejecting the S44B tax stand and following High Court precedent.

Six Flats Combined as Triplex Qualify as One House Under Section 54F: ITAT Mumbai

October 3, 2025 7377 Views 1 comment Print

Tribunal held that interconnected flats forming a single residence count as “one house” for Section 54F exemption and quashed PCIT’s revision, ruling that AO’s detailed enquiry could not be overturned.

Consolidated section 153D approval without examining records or incriminating material invalid

October 2, 2025 795 Views 0 comment Print

ITAT Delhi quashed Balaji Metal Tech’s assessment, ruling it void due to mechanical approval, wrong section use (143(3) instead of 153C), and failure to mention DIN in the order.

Mere Pendency of Supreme Court Appeal No Ground for 263 Revision: ITAT Mumbai

October 2, 2025 837 Views 0 comment Print

ITAT Mumbai quashes PCIT’s S. 263 revision against Colgate Palmolive, holding PCIT cannot disregard binding Coordinate Bench order based merely on Supreme Court appeal pendency.

ITAT Delhi Quashes Search Assessments for Consolidated Mechanical 153D Approval

October 2, 2025 645 Views 0 comment Print

ITAT Delhi quashes search assessments, ruling consolidated S. 153D approval for multiple assessees was mechanical, violating judicial mandate for independent application of mind.

Section 56(2)(vii) Not Applicable on Leasehold Properties – ITAT Delhi

October 1, 2025 1146 Views 0 comment Print

ITAT held that provisions taxing difference in stamp value and purchase price apply only to land and buildings, not leasehold rights. Addition of ₹21.95 lakh was set aside.

Assessment Invalid Where Department Could Not Prove Timely Issue of Order: ITAT Bangalore

October 1, 2025 1077 Views 0 comment Print

Assessee argued that the order was barred by limitation because it was not served within the prescribed time. AO countered this, claiming the order was dispatched via speed post on December 30, 2017, and had thus left the office within the deadline.

No addition of unexplained income u/s 69A for cash deposits from business sales during demonetization without contrary evidence

October 1, 2025 1428 Views 0 comment Print

Mere act of depositing cash into a bank account, even during demonetization, was not conclusive proof of unexplained income under Section 69A especially for a business operating under a presumptive tax scheme.

Reassessment u/s. 147 without any fresh and new material is invalid

October 1, 2025 936 Views 0 comment Print

ITAT Indore held that reopening of assessment done by Assessing Officer under section 147 of the Income Tax Act, based on tax audit report already available during original assessment, without any fresh and new material is invalid and liable to be quashed.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930