#Section 147
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5,090 articlesIncome Tax
Income Tax
Reassessment for AY 2015-16 Time-Barred – ITAT Quashes Entire Penny Stock Addition
Income Tax
Income Tax
No Penalty on Estimated Bogus Purchases: ITAT Deletes U/s 271(1)(c) Levy
Income Tax
Income Tax
Penalty U/s 272A(1)(d) Deleted: Reasonable Cause Subsequent Compliance Accepted
Income Tax
Income Tax
CIT(A) Cannot Enhance on New Issue; JDA Additions & U/s 2(22)(e) Deletions Upheld
Income Tax
Income Tax
ITAT Bangalore Quashes Sec 263 Revision: No Error in Valuation & No Need to Initiate Penalty
Income Tax
Income Tax
80P Deduction Allowed on Bank Interest – Bang ITAT Follows Karnataka HC, Distinguishes Totgars
Income Tax
Income Tax
Reassessment Quashed: Failure to Dispose Objections Makes 148 Proceedings Invalid- ITAT Bangalore
Income Tax
Income Tax
Reassessment Quashed as Wrong Provision Invoked Instead of Section 153C: ITAT Jaipur
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Income Tax
Reopening Fails on Both Counts: Invalid Sec 148A Notice and Time-Barred Sec 148 Render Assessment Void
Income Tax
Income Tax
Coffee Income: Rule 7B Overrides Rule 7 – ITAT Remands for Segregation of Own vs Purchased Produce
Income Tax
Income Tax
Not Every Bank Credit or AIS entry is Taxable: ITAT Nagpur
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Income Tax
Skill Development = “Education” – ITAT Allows Sec 11 Exemption to Charitable Trust
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Income Tax
Bogus Purchases addition Based on Investigation Reports Fails Where Evidence Exists: ITAT Delhi
Income Tax
Income Tax
