ITAT Mumbai quashes a ₹1.12 Cr. reassessment, ruling it void due to being issued against a dissolved company, an unsigned order, and for the wrong assessment year.
ITAT Chennai quashes PCIT’s Section 263 order against City Union Bank, distinguishing inadequate enquiry from lack of enquiry; AO’s assessment upheld.
ITAT Hyderabad deletes penalty u/s 271D on cash receipts for agricultural land sale, citing reasonable cause and prior rulings. Appeals allowed
ITAT Jaipur quashes ₹1.83 Cr assessment on S.S. Diam Pvt. Ltd., struck off by ROC, holding assessment on non-existent company invalid; all additions deleted.
ITAT Hyderabad deletes ₹33 lakh addition under Section 115BBE, ruling that cash seized and declared as business income should be taxed at normal rates, not as unexplained income.
The Rajasthan High Court quashed an order rejecting a charitable trust’s application to condone a delay in filing an audit report (Form 10B), emphasizing that a taxpayer should not suffer due to a professional’s mistake.
ITAT Raipur followed Supreme Court and Delhi High Court precedents, including ACIT vs Hotel Blue Moon and Shaily Juneja vs ACIT, ruling that reassessment without service of Section 143(2) notice is arbitrary, bad in law, and void
ITAT Raipur quashed reassessment against Christi Jain due to lack of jurisdiction; order by ITO Raipur held void as AO lacked legal authority.
ITAT Pune ruled fee u/s 234E can’t apply for TDS returns processed before 01.06.2015; NFAC orders reversed in 14 cases of Utkarsh Balaso Patil.
ITAT Jaipur allows 54B exemption as full sale proceeds were reinvested; DLC value under sec 50C doesn’t affect exemption when actual consideration is reinvested.
