The ITAT has quashed an income tax assessment against Dinesh Kumar Jain, ruling that a mere code name, “Thekedar,” in seized data was not enough to prove unaccounted income without corroborative evidence.
The ITAT quashed a final assessment order against a company that no longer existed due to amalgamation, ruling the order void despite departmental knowledge of the merger.
The ITAT Delhi has directed the tax department to apply the 22% concessional tax rate to Kworks Technologies, citing a procedural lapse in late filing of a tax form.
ITAT Jaipur provides relief to Sharad Kumar Choradia. Though seized records prove bro-kerage, the court remands the case, ordering a realistic re-evaluation of income and a deduction for expenses.
The ITAT Delhi quashed a CIT(A) order passed against a deceased taxpayer, ruling it a nullity. The case was remanded to be decided in the name of the legal heir.
The ITAT Delhi has quashed a reassessment order for Aggarwal Abhushan Private Limited, ruling that the initial notice under Section 148 was issued after the legal
Delhi ITAT rules in favor of a retired railway employee, deleting a Rs15.35 lakh addition under section 69A. The court found the cash deposits were explained by prior withdrawals.
Revenue argued that since assessee was an “eligible assessee” under section 144C(15), AO rightly passed the order and the final order was valid within the time limit of section 153(4). On appeal.
The Income Tax Appellate Tribunal (ITAT) Mumbai dismissed the revenue’s appeal against Garware Hi-Tech Films, upholding the assessee’s right to a higher MAT credit set-off.
The ITAT Cochin bench has set aside the rejection of Quilon Poor Home’s S.12A and 80G claims, citing a genuine delay in producing a 70-year-old trust deed.
