#Section 147
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5,090 articlesIncome Tax
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Reassessment Quashed – Wrong Sanction u/s 151 After 3 Years: ITAT Mumbai
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Section 69 Addition on Alleged Cash in Property Deal Deleted – Third-Party Evidence Without Cross-Examination Insufficient
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Reopening U/s 147 quashed – Borrowed satisfaction mechanical approval U/s 151 invalid; sale of investments cannot be taxed U/s 68 – ITAT Kolkata
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ITAT Kolkata – ₹6.99 Cr Share Capital Addition u/s 68 Deleted; Identity & Genuineness Proved
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Unexplained investment addition of ₹12.30 Cr deleted – Funds for software project proved; Rule 46A objection rejected – ITAT Delhi
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Foreign HSBC Account Addition Deleted – BUP ID & Base Note Insufficient: ITAT Mumbai
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Transport income to be estimated using U/s 44AE as guiding yardstick: ITAT Chennai
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Excess stock addition restricted – Survey working flawed; only disclosed difference taxable – ITAT Bangalore
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Reopening invalid – Failure to supply material u/s 148A(b) violates natural justice; assessment quashed – ITAT Mumbai
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Commission Allegation Based on Dumb Excel Sheet Rejected by ITAT Delhi
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Penny Stock Addition u/s 68 Set Aside; Reopening Held Invalid for lack of Mind Application
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Section 69A Addition Deleted & Reopening Quashed – No Ownership of Money & Borrowed Satisfaction
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Reassessment Quashed – Invalid Approval U/s 151 Vitiates Jurisdiction
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