ITAT Chandigarh dismissed appeal of Inder Singh (deceased) after legal heir failed to explain cash deposits of ₹50.67 lakh. Tribunal held assessment valid when notice served on heir, but recovery limited to inherited assets u/s 159(4).
ITAT Chandigarh invalidates a reassessment notice issued by a jurisdictional AO, ruling that it should have been issued under faceless scheme.
ITAT Kolkata quashed an assessment for a society due to two fatal legal flaws: an invalid scrutiny notice and National Faceless Assessment Centre’s lack of jurisdiction to issue a notice before a specific date.
The ITAT Chandigarh rules that a CIT(A) has the power to set aside and remand an ex parte assessment under Section 251(1)(a), dismissing the Revenue’s appeal.
The ITAT Chandigarh ruled that a show cause notice was defective and invalid, leading to the deletion of a penalty imposed on G.S. Auto Comp Pvt. Ltd.
ITAT Chandigarh held that exemption u/s 11 & 12 cannot be denied in entirety to a charitable trust for interest-free advances to related parties. Only undue benefit under s.13(3) can be taxed. Matter remanded to AO.
The ITAT Guwahati has remanded the case of Somen Bhattacharjee back to the AO, ruling that a tax addition under Section 56(2)(x) for a property sale cannot be made without a mandatory DVO valuation.
ITAT Rajkot has quashed a PCIT’s order to tax interest on enhanced land compensation, holding it is part of compensation and not taxable as income from other sources.
The ITAT Kolkata deleted a double addition of Rs. 3.43 Cr, an ad-hoc expense disallowance, and a notional interest addition, finding the additions to be without legal basis.
ITAT Kolkata rules that a penalty under Section 271AAB cannot be levied if no search has been initiated on the assessee, even if a statement is made under Section 131.
