Judgement

The ITAT restores the Rs 6.37 Crore cash deposits case, holding that CIT(A) wrongly deleted the addition without proper verification and by admitting new evidence.

CIT(A) cannot cannot grant relief merely on new evidence without giving AO an opportunity to respond: ITAT

HC invalidates reopening as loose paper entry lacked nexus and predated transaction

HC Invalidates Reopening Lacking Nexus with Alleged Loose Paper Entry

Income Tax Reassessment time-barred, Rs. 50L limit applicable, Section 68 addition validity

Income Tax Notice held invalid as escaped income was below Rs. 50 lakh: ITAT

Articles

The Income Tax Department denied allegations made by K. Selvaperunthagai, stating no raid occurred and routine cash checks were misinterpreted, later reporting the false claims to authorities for action.

Income Tax Department Denies Allegations of Search on Tamil Nadu Congress Leader

The Gujarat High court Quashed the writ petition because it was based on vague and uncorroborated material which did not directly refer to or establish any link with the petitioner.

No Nexus, No Notice: Gujarat High Court Sets Aside Section 148 Proceedings, No Vague

No Nexus, No Notice: Gujarat High Court Sets Aside Section 148 Proceedings

ITAT relied on the judgement of the Delhi HC where it was clarified that the penalty for concealment of income cannot be levied if the income is assessed under MAT provisions.

Explore Our Blogs

CIT(A) cannot cannot grant relief merely on new evidence without giving AO an opportunity to respond: ITAT

HC Invalidates Reopening Lacking Nexus with Alleged Loose Paper Entry

Income Tax Notice held invalid as escaped income was below Rs. 50 lakh: ITAT

Income Tax Department Denies Allegations of Search on Tamil Nadu Congress Leader

No Nexus, No Notice: Gujarat High Court Sets Aside Section 148 Proceedings

Concealment Penalty Cannot be Imposed When Income Assessed Under MAT Provisions: ITAT