#Section 148
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5,407 articlesIncome Tax

Income Tax
₹2 Crore Section 69 Addition Quashed Due to Uncorroborated Loose Sheets
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Reassessment Addition Based Solely on Retracted Third-Party Statements Quashed: ITAT Mumbai
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Reassessment Quashed for Failure to Record Reasons Under Section 148: ITAT Mumbai
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Section 163 Inapplicable Without Direct or Indirect Income Flow to NRI: ITAT Hyderabad
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ITAT Delhi Quashes Search Assessments for Mechanical Approval u/s 153D; Entire Proceedings Held Non-Est
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Reassessment Quashed for Invalid Sanction u/s 151: Approval by PCIT Instead of PCCIT Held Void
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Section 143(3) Order Invalid as Assessment Had Abated on Search Date
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Reassessment Beyond 3 Years Upheld as Escapement Exceeded ₹50 Lakh — Cash Deposits u/s 69A
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Vague Penalty Notice Makes Section 271(1)(c) Proceedings Void: ITAT Rajkot
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Reassessment Quashed for Service of SCN at Old Email Address
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Bogus Share Deals: Section 68 Addition Limited to 2% Commission
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ITAT Mumbai Allowed Section 54F Claim in Appeal although Not Made in Return
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ITAT Agra Upholds Separate NP Rates: 0.22% (Animal Trading) & 8.7% (Scrap)
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Income Tax
