ITAT Ahmedabad ruled that a property’s valuation, once fixed by a Departmental Valuation Officer for a co-owner, must be applied to other co-owners of same property.
ITAT Cochin allows Section 80P deduction for a Primary Agricultural Credit Cooperative Society, applying the Supreme Court’s Mavilayi ruling and overruling earlier decisions.
The ITAT Cochin rules that additions enhancing business income for a Primary Agricultural Credit Cooperative Society are eligible for deduction under Section 80P.
ITAT Delhi ruled reassessment invalid as the primary addition forming the basis for reopening was deleted, nullifying other additions under Sections 68 and 69.
The Income Tax Appellate Tribunal in Mumbai has quashed reassessment proceedings against Babu Hasan Shaikh, ruling that the notice was issued after the statutory time limit had expired.
The ITAT Mumbai hears arguments on whether the MLI can be applied to deny tax treaty benefits to an Irish firm without a separate protocol, in a case involving aircraft leasing.
ITAT rules in favor of Mariamma Kurian, deleting a Rs.30 lakh tax addition. The court traced the cash deposit to the sale of agricultural land.
ITAT Chandigarh dismissed appeal of Inder Singh (deceased) after legal heir failed to explain cash deposits of ₹50.67 lakh. Tribunal held assessment valid when notice served on heir, but recovery limited to inherited assets u/s 159(4).
ITAT Chandigarh invalidates a reassessment notice issued by a jurisdictional AO, ruling that it should have been issued under faceless scheme.
ITAT Kolkata quashed an assessment for a society due to two fatal legal flaws: an invalid scrutiny notice and National Faceless Assessment Centre’s lack of jurisdiction to issue a notice before a specific date.
