ITAT Mumbai sets aside reassessment against Ramchand Jhamtani (AY 2014-15), ruling Section 148 notice time-barred. Decision relies on Supreme Court’s Ashish Agarwal and Rajeev Bansal judgments.
ITAT Raipur cancels reassessment for Vinay Agrawal (AY 2014-15 & 2015-16) due to time-barred Section 148 notices. Decision relies on Supreme Court rulings in Ashish Agarwal and Rajeev Bansal.
ITAT Raipur sets aside reassessment order for Kachrulal Jitendra Kumar, ruling the Section 148 notice time-barred. Cites Supreme Court judgments in Ashish Agarwal and Rajeev Bansal on reassessment limitation.
Delhi ITAT deletes Rs. 1.37 Cr cash deposit addition for Fine Gujaranwala Jewellers, ruling sales were genuine despite demonetization surge.
Delhi ITAT affirms tax exemption for Suvasini Charitable Trust, ruling cafeteria surplus used for medical relief is incidental to charitable objects.
Delhi ITAT overturns Rs 2.5 Cr capital gain addition for Rekah Devi, ruling no gain when property forfeited by bank and no consideration received.
Delhi ITAT upholds non-taxability of Converteam Group’s support services, affirming “make available” clause applicability via MFN protocol in India-France DTAA.
Mumbai ITAT dismisses revenue’s appeal against reduced addition for alleged bogus purchases, citing assessee’s evidence and distinguishing the Kanak Impex precedent.
Delhi ITAT sets aside unexplained cash additions against Sachin, a gold trader, due to insufficient evidence and denial of cross-examination rights.
ITAT Delhi rules against unexplained cash additions in Surender Kumar Jain’s case, citing lack of corroborative evidence and denial of cross-examination rights.
