#section 143(2)
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2,482 articlesIncome Tax

Income Tax
Reassessment u/s. 147 based on change of opinion without any fresh material not sustainable
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Reassessment quashed as it was based on information fully examined during earlier reassessment
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Matter restored back as CIT(A) failed to consider additional evidences: ITAT Chennai
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Revisionary power u/s. 263 not sustainable as there is neither error of law nor of facts
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AO cannot disallow tanker expenses on ad-hoc basis without justification: ITAT Raipur
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Provision for Expenses Not Claimed as Applied Income Can’t Be Disallowed: ITAT Jaipur
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Gain from Land Held as Investment Rightly Treated as Capital Gain, Not Business Income: ITAT Jodhpur
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No Section 69C Addition Solely Based on WhatsApp Messages: ITAT Mumbai
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Reassessment proceedings initiated against merged company invalid: Delhi HC
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Appeal Delay: CA/Advocate Failure Not Excuse – ITAT Kolkata
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Addition u/s. 69 not sustained as adequate evidence supporting cash deposits produced: ITAT Rajkot
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Revision u/s. 263 for mere non-production of certificate in Form 3CL not justified
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Addition u/s. 68 restricted to 0.30% of total Circular Trading Transaction: ITAT Ahmedabad
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