#Section 148
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5,410 articlesIncome Tax

Income Tax
Addition on Alleged Inflated Purchases Based Solely on Third-party Data Deleted
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Reassessment Invalid for Change of Opinion on 54F Claim – ITAT Quashes ₹1.63 Cr LTCG Addition
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ITAT Remands Case 1% Commission on ₹44.5 Cr Conduit Deals for Fresh Verification
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Reassessment Quashed as Section 148 Notice Issued Before Mandatory Approval
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On-Money Addition Reduced by 70% as Only Profit Element is Taxable: ITAT Rajkot
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Addition on “peak purchase” was restricted to differential margin between declared and benchmark profit in Rice Trading Case
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Delay in filing appeal condoned as plausible and sufficient cause shown
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Delhi HC Quashes Reassessment Based on New Grounds Not Mentioned in 148A(b) Notice
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ITAT Pune Deletes ₹16.9 Lakh Section 69 Addition – Transaction Belonged to Earlier Year
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Search Assessments Must Rely on Seized Material, Not Fishing Expeditions – Additions Quashed
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ITAT Pune Deletes Perquisite Addition Already Included in Director’s Salary
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Reassessment held invalid as approval u/s. 151 granted in mechanical manner
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ITAT Chennai Remands Case on Reopening Validity for AY 2015-16 to CIT(A)
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