Income Tax : ITAT held that additions based solely on third-party search material without independent evidence or cross-examination are invalid...
Income Tax : A detailed look at how the Finance Act, 2021 reshaped Sections 147–151, introduced Section 148A, and reduced limitation periods ...
Income Tax : The Finance Bill, 2026 clarifies who can issue notices under sections 148 and 148A. It confirms that only jurisdictional Assessing...
Goods and Services Tax : The court held that once late fee is imposed for delayed annual return filing, a further general penalty is not permissible. Secti...
Income Tax : The issue was whether an assessment could be reopened after four years. The Court held that full disclosure by the taxpayer barred...
Income Tax : Learn about the new block assessment provisions for cases involving searches under section 132 and requisitions under section 132A...
Income Tax : Discover how Finance Act 2021 revamped assessment and reassessment procedures under Income-tax Act, impacting notices, time limits...
Income Tax : Income Tax Gazetted Officers’ Association requested CBDT to issue Clarification in respect of the judgement of Hon’ble Supreme...
Income Tax : In view of Indiscriminate notices by income Tax Department without allowing reasonable time it is requested to Finance Ministry an...
Income Tax : Lucknow CA Tax Practicioners Association has made a Representation to FM for Extension of Time Limit for Assessment cases time bar...
Income Tax : The issue was deletion of additions on unsecured loans treated as unexplained cash credits. The tribunal upheld deletion, holding ...
Income Tax : The issue involved dismissal of appeal due to delay and non-appearance. The tribunal condoned the delay citing medical reasons and...
Income Tax : The issue was whether reassessment could be initiated after four years without fresh evidence. The court held such reopening inval...
Income Tax : The issue was whether reassessment notice issued without approval from the correct authority is valid. The tribunal held it invali...
Income Tax : The Court held that reassessment proceedings must be initiated within the statutory time limit. It found the notice issued after t...
Income Tax : ITAT Chandigarh held that ITO Ward-3(1), Chandigarh had no jurisdiction to issue notice to an NRI and hence consequently the asses...
Excise Duty : Notification No. 29/2024-Central Excise rescinds six 2022 excise notifications in the public interest, effective immediately. Deta...
Income Tax : Learn how to initiate proceedings under section 147 of the IT Act in e-Verification cases. Detailed instructions for Assessing Off...
Income Tax : Explore e-Verification Instruction No. 2 of 2024 from the Directorate of Income Tax (Systems). Detailed guidelines for AOs under I...
Income Tax : Supreme Court in the matter of Shri Ashish Agarwal, several representations were received asking for time-barring date of such cas...
ITAT Chandigarh held that reopening of assessment on the basis of factually incorrect facts and reasons without application of mind and without verification of facts cannot be sustained in the eyes of law. Accordingly, reopening quashed and appeal of revenue dismissed.
ITAT deleted a penalty under Section 271(1)(c), ruling the AO failed to levy the correct charge (concealment vs. inaccurate particulars), making the penalty unsustainable. finding the AO charged the assessee with concealment of income when the facts indicated furnishing inaccurate particulars.
ITAT Mumbai set aside a ₹74 lakh unexplained investment addition, remanding the case to the AO after finding the AO ignored evidence and based the addition on an incorrect loan amount.
The Delhi ITAT invalidated a reassessment, ruling the AO failed to establish independent ‘reason to believe’ and merely borrowed satisfaction from an Investigation Wing report without tangible material or a live link to the assessee’s income. This judgment establishes that reassessment cannot be based solely on second-hand, non-incriminating information from a third-party search.
ITAT Delhi set aside a non-speaking order by CIT(A) in a ₹34.82 lakh bogus purchase case, directing de novo adjudication and allowing cross-examination on alleged accommodation entries.
ITAT Delhi sustained reopening under Section 147 but upheld CIT(A)’s deletion of every addition—covering commission income, travel expenses, rent, and salaries—after finding all claims duly supported by records. Revenue’s appeal was dismissed in full.
The ITAT Kolkata set aside the CIT(A)’s order concerning a large disallowance under Section 40(a)(ia) for non-deduction of TDS on advertising payments. The Tribunal remanded the matter, granting the agency a fresh opportunity to rely on CBDT Circulars that clarify the TDS obligations of intermediaries paying media houses.
The ITAT Rajkot significantly reduced an income tax addition made under Section 69A based on seized on-money documents lacking direct evidence. The Tribunal ruled that the entire cash component couldn’t be treated as undisclosed income, instead taxing only 8% of the disputed amount as a profit element at normal rates.
The ITAT Mumbai annulled a Section 148 reassessment notice for AY 2018-19, finding the sanction invalid because it was approved by the PCIT instead of the statutorily mandated PCCIT. The ruling strictly applies the Vodafone Idea doctrine, confirming that a jurisdictional defect in the sanctioning authority after three years is fatal to the entire proceeding.
The Delhi ITAT set aside an ex-parte assessment, remanding the Rs.13.74 lakh cash deposit case back to the AO for fresh verification. The ruling gives the taxpayer an opportunity to substantiate the deposits using a cash flow statement tracing the source to earlier large bank loan withdrawals.
