Judgement

Income Tax Reassessment time-barred, Rs. 50L limit applicable, Section 68 addition validity

Income Tax Notice held invalid as escaped income was below Rs. 50 lakh: ITAT

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The Income Tax Department denied allegations made by K. Selvaperunthagai, stating no raid occurred and routine cash checks were misinterpreted, later reporting the false claims to authorities for action.

Income Tax Department Denies Allegations of Search on Tamil Nadu Congress Leader

The Gujarat High court Quashed the writ petition because it was based on vague and uncorroborated material which did not directly refer to or establish any link with the petitioner.

No Nexus, No Notice: Gujarat High Court Sets Aside Section 148 Proceedings, No Vague

No Nexus, No Notice: Gujarat High Court Sets Aside Section 148 Proceedings

ITAT relied on the judgement of the Delhi HC where it was clarified that the penalty for concealment of income cannot be levied if the income is assessed under MAT provisions.

Concealment Penalty Cannot be Imposed When Income Assessed Under MAT Provisions: ITAT

The Tribunal observed that the previous rulings of courts and tribunals have held that substantial justice must be preferred over technical delays.

Substantial Justice More Important Than Technical Delays: ITAT Restores Case

The Tribunal sent the case back to the Assessing Officer, directing him to re-examine the claim and allow the exemption if all conditions under Section 54 are fulfilled.

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Income Tax Notice held invalid as escaped income was below Rs. 50 lakh: ITAT

Income Tax Department Denies Allegations of Search on Tamil Nadu Congress Leader

No Nexus, No Notice: Gujarat High Court Sets Aside Section 148 Proceedings

Concealment Penalty Cannot be Imposed When Income Assessed Under MAT Provisions: ITAT

Substantial Justice More Important Than Technical Delays: ITAT Restores Case

Section 54 Deduction Can be Claimed Even Without Filing Original Return: ITAT