#Section 147
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5,090 articlesIncome Tax
Income Tax
Disallowance of short term capital loss merely based on information from investigation wing is unsustainable
Income Tax
Income Tax
Addition without Considering Submissions of Assessee – ITAT restores matter
Income Tax
Income Tax
Addition unsustainable as identity and creditworthiness of investor company duly proved
Income Tax
Income Tax
Nothing can be added or subtracted to reasons recorded for reassessment
Income Tax
Income Tax
Addition u/s 68 untenable as AO failed to conduct independent investigation
Income Tax
Income Tax
Mere cash deposit in bank not sufficient to believe Escapement of Income
Income Tax
Income Tax
Co-owners showed capital gains of different amount – Section 148 notice invalid
Income Tax
Income Tax
HC set-aside Section 148 notice as notice issued without any new tangible material
Income Tax
Income Tax
Reassessment beyond four years is invalid if no failure to disclosure by Assessee during original assessment
Income Tax
Income Tax
Reassessment based on conjectures & surmises without any Tangible material is invalid
Income Tax
Income Tax
Reopening based on assessment record without tangible material is unsustainable
Income Tax
Income Tax
Issue considered in order is open for revision if order is erroneous and prejudicial to interest of justice
Income Tax
Income Tax
Addition for cash deposit in bank based on reopening without application of mind deleted
Income Tax
Income Tax
