Judgement

The SC has ruled that income tax reassessment proceedings are invalid in the absence of a mandatory notice under Section 143(2), clarifying that taxpayer participation cannot cure the complete non-issuance of such notice.

Supreme Court: Income Tax Reassessment Invalid Without Mandatory Section 143(2) Notice Issuance Even If Taxpayer Participates

The ITAT Delhi held that repayment of Rs 1 Crore loan before reassessment notice supports genuineness.

ITAT Holds Repaid Loan Cannot Be Treated as Bogus Accommodation Entry Merely on Suspicion

The ITAT Ahmedabad rules that revision is invalid where assessing officer conducted due enquiries and adopted a plausible view.


ITAT Holds Audit Objection Cannot Alone Justify Reassessment Revision

The ITAT deleted a Section 68 addition under Section 68, holding that reassessment was unsustainable as NSEL records and bank statements showed no transactions during FY 2011-12.

ITAT Deletes Section 68 Unexplained Cash Credit Addition as NSEL Account Was Opened After FY 2011-12

The ITAT quashed reassessment proceedings, holding that an unsigned Section 148 notice was invalid and could not confer jurisdiction on the AO. 

Section 148 Notice Without Manual or Digital Signature Invalidates Entire Reassessment Proceedings, Holds ITAT

The ITAT Chennai held reassessment beyond three years as invalid without approval from the Competent Authority.


ITAT Quashes Reassessment as Section 148 Approval Was Obtained from PCIT Instead of Pr. CCIT

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