ITAT ruled that invoking the Black Money Act for AY 2022–23 on income earned in FY 2015–16 was without jurisdiction, rendering the entire assessment invalid.
The Tribunal held that religious institutions can claim exemption under Section 10(23BBA) even without filing a return, citing CBDT Circular No. 4/2002. Case remanded for factual verification.
The tribunal closed the anti-profiteering case as the supplier could not be located, preventing the DGAP from verifying whether GST benefits were passed on. The ruling emphasizes the need for traceable business records.
Recognizing common difficulties in accessing notices on the GST portal, the High Court directed a fresh adjudication and emphasized taxpayer trust and procedural fairness in the GST regime.
The ITAT remitted the case for fresh assessment after the assessee challenged unexplained cash additions, highlighting the need for proper documentation and adherence to natural justice in tax proceedings.
The Tribunal held that dismissing an appeal without granting reasonable opportunity violates natural justice and restored the matter to the AO for fresh adjudication.
The Tribunal held that investment in agricultural land in a spouse’s name qualifies for deduction under Section 54B, following Rajasthan High Court precedent.
The Tribunal ruled that a Section 148 notice issued after six years from AY 2013–14 was invalid, quashing the reassessment and additions under Section 54F.
Tribunal accepted the assessee’s explanation for delay and held that denial of opportunity justified remand for fresh assessment under Section 147/144B.
Tribunal found that the CIT(A) admitted new evidence without AO’s opportunity and remanded the case for re-examination of NRE deposit sources under Section 69.
