Income Tax : Smt. Ranjana Kumari/Kalta Vs DCIT/ACIT (Central) (ITAT Chandigarh) The appeals involved three assessees belonging to the Kalta Gro...
Income Tax : Learn the updated provisions governing rectification, assessments, reassessments, and appeals under the Income-tax Act. This guide...
Income Tax : The article explains how the Finance Acts, 2025 and 2026 have reshaped the Updated Return regime under Section 139(8A). It highlig...
Income Tax : The Supreme Court has remitted reassessment cases for fresh consideration after the retrospective insertion of Section 147A, leavi...
Income Tax : This article explains why reassessment proceedings may be invalid if the Assessing Officer merely relies on Investigation Wing rep...
Income Tax : Learn about the new block assessment provisions for cases involving searches under section 132 and requisitions under section 132A...
Income Tax : Discover how Finance Act 2021 revamped assessment and reassessment procedures under Income-tax Act, impacting notices, time limits...
Income Tax : Humble Representation for modification of Section 151 of the Income Tax Act relating to Sanction for issue of Notice under sec. 14...
Income Tax : Income Tax Gazetted Officers’ Association requested CBDT to issue Clarification in respect of the judgement of Hon’ble Supreme...
Income Tax : In view of Indiscriminate notices by income Tax Department without allowing reasonable time it is requested to Finance Ministry an...
Income Tax : ITAT Pune quashed a Section 148 notice based on vague information and directed deletion of a ₹51.35 lakh addition for lack of su...
Income Tax : Where unaccounted sales were established through seized material, only the net profit embedded therein was liable to tax, and not ...
Income Tax : ITAT Mumbai remanded the case to examine whether Section 56(2)(x) applied based on the agreement date and to consider refund of ex...
Income Tax : ITAT Bangalore remanded a Section 69A addition after holding that an APMC commission agent's entire sale proceeds could not be tre...
Income Tax : ITAT Kolkata condoned appeal delay, set aside the CIT(A)'s order, and remanded the assessment for fresh adjudication after grantin...
Income Tax : The department has identified high-risk cases through its Insight Portal for AYs 2022-25. It directs officers to initiate reassess...
Income Tax : ITAT Chandigarh held that ITO Ward-3(1), Chandigarh had no jurisdiction to issue notice to an NRI and hence consequently the asses...
Income Tax : Explore the latest guidelines for issuing notice under Section 148 of the Income Tax Act, 1961. Understand key procedures, amendme...
Income Tax : Explore e-Verification Instruction No. 2 of 2024 from the Directorate of Income Tax (Systems). Detailed guidelines for AOs under I...
Income Tax : Supreme Court in the matter of Shri Ashish Agarwal, several representations were received asking for time-barring date of such cas...
The AO virtually passed an ex parte order regarding a70 lakh addition, ignoring the assessee’s detailed submissions and denying a proper opportunity. The ITAT upheld the CIT(A)’s decision to set aside the assessment and remand the matter for a fresh adjudication, confirming that violations of natural justice necessitate a proper de novo inquiry.
ITAT Ahmedabad partly allows appeal in Somnath Bandopadhaya v. ITO, deleting ₹2.27 crore addition under Section 69A after verifying explained bank deposits.
The AO mechanically reopened the case and made a 2.86 crore addition based only on an investigation alert, without being able to identify the alleged property. The ITAT upheld the quashing of the entire proceeding, ruling that simple reproduction of external information, without independent application of mind or tangible evidence, invalidates the reassessment notice.
The AO made a protective addition of Rs. 9.70 crore based solely on the uncorroborated statement of a seller recorded during a search. The ITAT deleted the addition, ruling that a bare Section 132(4) statement without any corroborative evidence (like seized material, book entries, or proof of delivery) is insufficient to prove the cash transaction against a third party.
Description: The Tribunal allowed the appeal of an Exemption-registered society that challenged its reassessment on the legal ground that the AO failed to issue a Section 143(2) notice. The ruling confirms that this notice is mandatory for assumption of jurisdiction under Section 143(3) read with 47, even if the return was filed belatedly.
The AO made massive ex-parte additions under Section 69A after the assessee failed to respond to notices sent to an incorrect email ID of his deceased former CA. The ITAT upheld the CIT(A)’s decision to set aside the ex-parte assessment for fresh adjudication, utilizing the Finance Act 2024 amendment to Section 251, which grants the CIT(A) the power to remit Section 144 best judgment assessments.
The Delhi ITAT quashed a ₹42.10 Crore addition made in a Section 153A assessment, confirming that additions cannot be made to completed assessments without incriminating material seized during the search. The ruling follows the binding Supreme Court precedent in Abhisar Buildwell.
The ITAT Pune Bench set aside an ex-parte capital gains order, granting a non-filer taxpayer a final chance to present evidence for ₹2.03 Cr in land improvement costs to the CIT(A).
ITAT Jabalpur partially allowed Dayanand Paryani’s appeal, directing AO to replace a full Rs. 29,38,600/− cash credit addition with a 12% presumptive income rate, citing failure to calculate peak credit.
The ITAT set aside a massive unexplained investment addition made on a joint bank account, ruling that the CIT(A) failed to consider vital documentary evidence submitted by the assessee. The case is remanded to the AO for fresh verification of the documents, which claim the deposits were company business, not personal income.
