Judgement

Considering the medical condition of the assessee, the ITAT set aside the previous orders and sent the case to the AO for fresh consideration.

ITAT Bangalore Remits Case for Fresh Review Due to Medical Condition of Assessee

The ITAT Surat held that without strong evidence, the entire undisclosed bank deposit cannot be taxed, restricting the addition to only 8% of the total deposits.

ITAT Holds Entire Deposit Cannot Be Taxed Without Evidence; Restricts Rs 9.83 Crore Addition to 8% of Deposits

The tribunal holds that a non-compliant notice under Section 143(2) renders the entire assessment void.

ITAT Quashes Assessment for Invalid Section 143(2) Notice; Grants Multiple Reliefs to Assessee

The ITAT held that reassessment proceedings are invalid if mandatory prior approval under Section 151 is not properly signed by the competent authority.

ITAT Invalidates Section 148 Reassessment Proceedings Over Lack of Valid Section 151 Approval

The ITAT has remanded the case for fresh verification, allowing the assessee another chance to substantiate interest expense claims under Section 57(iii).

ITAT Grants Fresh Opportunity in Section 57(iii) Interest Disallowance Case, Remands Matter for Verification

The Delhi High Court holds interest on project funds as a capital receipt, not taxable income.

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ITAT Bangalore Remits Case for Fresh Review Due to Medical Condition of Assessee

ITAT Holds Entire Deposit Cannot Be Taxed Without Evidence; Restricts Rs 9.83 Crore Addition to 8% of Deposits

ITAT Quashes Assessment for Invalid Section 143(2) Notice; Grants Multiple Reliefs to Assessee

ITAT Invalidates Section 148 Reassessment Proceedings Over Lack of Valid Section 151 Approval

ITAT Grants Fresh Opportunity in Section 57(iii) Interest Disallowance Case, Remands Matter for Verification

HC Rules Pre-Operational Interest as Capital, Not Income