#Section 147
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5,090 articlesIncome Tax

Income Tax
ITAT Restricts Bogus Purchase Addition Due to Lack of Independent Enquiry by AO
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Income Tax
Reassessment Invalid Because Approval Contained Only ‘Yes, I Am Satisfied’: ITAT Rajkot
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Income Tax
Gujarat High Court Upholds 6% Addition on Bogus Purchases as Only Profit Element Taxable
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Fly Ash Sale Receipts Taxable as Accounting Treatment Cannot Override Tax Law: ITAT Chandigarh
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Income Tax
No “reason to believe” without new material – Mumbai ITAT quashes reopening based on mere reappraisal of old records
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Calcutta HC Condones Appeal Delay as Death of Counsel Was Sufficient Cause
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ITAT Pulls Up AO for Ignoring Evidence, Sends ₹31.61 Lakh Addition Back for Verification
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Opening Loan Balances Not Taxable Again u/s 68: Mumbai ITAT Sends Addition Back for Verification
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Only One Surviving Day Left: Mumbai ITAT Quashes Time-Barred Reassessment Notices After Rajeev Bansal Ruling
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Dumb Excel Sheets” cannot justify massive additions: Mumbai ITAT
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Without purchases there cannot be sales – Mumbai ITAT rejects 100% bogus purchase addition
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Income Tax
Mumbai ITAT quashes reassessment for AY 2015-16 – AO’s “artificial inflation” of escaped income held legally unsustainable
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No addition for “bogus purchases” when assessee already declared higher GP – Mumbai ITAT grants major relief to diamond trader
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Income Tax
