Judgement

ITAT Delhi dismisses Revenue appeal and partly allows assessee’s cross objection, quashing reassessment on jurisdictional and sanction defects

Reassessment Invalid as Notices Issued by Jurisdictional AO Instead of Faceless Authority: ITAT

ITAT Quashes Reassessment as AO Made New Addition Without Assessing Escaped Income Cited in Reasons for Reopening

Reassessment Invalid Where No Addition Made on Recorded Reasons; Section 40A(3) Addition Unsustainable

ITAT held that a co-operative society is entitled to a deduction under Section 80P(2)(d) on interest income earned from investments made with other co-operative societies.

Deduction u/s 80P Cannot Be Denied If Investment Is with Co-operative Society: ITAT Rules

Court Grants Fresh Opportunity to File Reply and Hearing in GST Case, Subject to Outcome of Supreme Court on Validity of Notification No. 56/2023

Delhi HC Sets Aside Ex-Parte GST Demand; Remands Matter Amid Pending SC Challenge

Reopening the assessment after several years without new proof was held to be unfair and invalid, says ITAT.

Validity of Notice u/s 148: ITAT Quashes Reassessment for Lack of New Evidence

ITAT deletes Rs. 1.05 crore unsecured loan addition under Section 68 and reduces expense disallowance, holding that suspicion without proper inquiry by the AO cannot justify additions.

 ITAT Deletes Section 68 Addition for Lack of AO Inquiry; No ‘Source of Source’ Required Before AY 2023-24

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