Judgement

Rajkot ITAT quashed a reassessment after holding that an unsigned Section 148 notice is invalid.

ITAT Quashes Reassessment Over Unsigned Section 148 Notice

The ITAT Ahmedabad deletes Rs 1.32 crore Section 69A addition, accepts genuine gold sales and rules that suspicion alone cannot justify taxation.

ITAT quashed reassessment based on unverified INSIGHT Portal information without independent verification by the AO.

The ITAT dismissed the taxpayer's appeal due to a 691-day filing delay and upheld the income addition made by the Assessing Officer for AY 2017-18.

The ITAT dismissed the appeal, holding that invoices and bank payments alone could not establish genuine purchase transactions.

ITAT allowed the assessee's appeal, holding that an average GP rate cannot be applied in the absence of defects in the books.