Judgement

ITAT remands the Section 148 reassessment case to CIT(A), awaiting the High Court’s ruling on retrospective validation of JAO-issued notices.

Reassessment Notice by JAO or FAO? ITAT Remands Case to CIT(A) Amid Retrospective Validation of Section 148 Notices

The ITAT Mumbai rejects 20% safe harbour mark-up for Technical Services and grants relied to State Bank of India.


ITAT Holds Safe Harbour Rules Cannot Be Applied Mechanically to Earlier Assessment Year

ITAT set aside the Rs 80,050 penalty under Section 270A after finding that the AO failed to specify the particular misreporting default under Section 270A(9).

ITAT Holds Section 270A Penalty Invalid Without Stating Misreporting Default

News

Yatharth Hospital and its two subsidiaries face a combined Rs 47.08 crore tax demand plus interest, with the companies planning to appeal the assessment orders.

Yatharth Hospital, Two Subsidiaries Face Rs 47.08 Cr Tax Demand Plus Rs 15.94 Cr Interest; Company to Appeal Orders

The ITAT Ahmedabad holds cash returned by Housewife to Father-in-Law cannot be treated as Unexplained Expenditure.



ITAT Allows Telescoping Benefit on Family Cash Transactions 

The ITAT Ahmedabad held that mere Investigation Wing Report and Penny Stock Allegation is insufficient to establish assessee’s connection 


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Reassessment Notice by JAO or FAO? ITAT Remands Case to CIT(A) Amid Retrospective Validation of Section 148 Notices

ITAT Holds Safe Harbour Rules Cannot Be Applied Mechanically to Earlier Assessment Year

ITAT Holds Section 270A Penalty Invalid Without Stating Misreporting Default

Yatharth Hospital, Two Subsidiaries Face Rs 47.08 Cr Tax Demand Plus Rs 15.94 Cr Interest; Company to Appeal Orders

ITAT Allows Telescoping Benefit on Family Cash Transactions

ITAT Holds Suspicion Cannot Substitute Evidence