Judgement

ITAT held that an assessment completed by a successor AO without issuing a fresh mandatory notice under Section 143(2) after a change in jurisdiction is invalid.

ITAT Quashes Assessment for Want of Fresh Section 143(2) Notice After Jurisdiction Transfer

ITAT quashed the reassessment proceedings, holding that a mechanical Section 151 approval without independent application of mind is legally invalid.

'Yes, I Am Satisfied' Rubber Stamp Approval Invalid: ITAT Quashes Reassessment

ITAT reduced the addition on cash found in a joint bank locker after partly accepting the taxpayers' claim that it represented marriage gifts.

ITAT Accepts Marriage Gift Explanation, Cuts Unexplained Cash Addition

The Supreme Court ruled that the arrangement between the parties constituted a principal-agent relationship and not a principal-to-principal sale


SC Holds BPCL & HPCL Liable to Pay Service Tax on CNG Sale Services Given to MGL

ITAT held that repayment of loans used for charitable capital expenditure qualifies as application of income under Section 11 and deleted the Rs 3.60 crore addition.

ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11

The ITAT held that no addition can be made in an unabated Section 153C assessment unless it is based on incriminating material seized during the search.

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ITAT Quashes Assessment for Want of Fresh Section 143(2) Notice After Jurisdiction Transfer

'Yes, I Am Satisfied' Rubber Stamp Approval Invalid: ITAT Quashes Reassessment

ITAT Accepts Marriage Gift Explanation, Cuts Unexplained Cash Addition

SC Holds BPCL & HPCL Liable to Pay Service Tax on CNG Sale Services Given to MGL

ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11

Unabated Section 153C Assessment Cannot Be Reopened Without Incriminating Material: ITAT