Judgement

Addition unsustainable where housing loan and spouse’s bank trail accepted in parallel assessment

ITAT  Deletes Rs. 14.74 Lakh Section 69 Addition and Alleged On-Money in Flat Purchase Case

ITAT Deletes Rs. 14.74 Lakh Section 69 Addition and Alleged On-Money in Flat Purchase Case

Interest and other non-mutual income require examination under Section 11, not merely on principle of mutuality, rules ITAT.

Section 12A-Registered Body’s Claim Under Section 11 Requires Independent Adjudication, Rules ITAT

Wrong invocation of Section 143(3) in post-search proceedings and mechanical approval under Section 153D vitiate assessment

ITAT Quashes Assessment Framed Under Section 143(3) Instead of 153A in Search Case 

Addition for alleged unexplained credits deleted after admission of DEMAT statement under Rule 46A; Revenue’s appeal dismissed.

Mere Suspicion of Shell Entities Not Enough to Sustain Rs. 3.59 Cr Addition, Rules ITAT

ITAT reiterates distinction between “lack of inquiry” and “inadequate inquiry”

ITAT Quashes Revision in Demonetisation Cash Deposit Case; No ‘Lack of Inquiry’ Found

Assessment set aside as lower authorities failed to consider Khasra Girdawari, Sub-Registrar report and municipal certificate while treating land as non-agricultural

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ITAT Deletes Rs. 14.74 Lakh Section 69 Addition and Alleged On-Money in Flat Purchase Case

Section 12A-Registered Body’s Claim Under Section 11 Requires Independent Adjudication, Rules ITAT

ITAT Quashes Assessment Framed Under Section 143(3) Instead of 153A in Search Case

Mere Suspicion of Shell Entities Not Enough to Sustain Rs. 3.59 Cr Addition, Rules ITAT

ITAT Quashes Revision in Demonetisation Cash Deposit Case; No ‘Lack of Inquiry’ Found

ITAT Remands Rs. 1.47 Cr LTCG Addition in Rural Land Case Over Incomplete Evidence Review