Judgement

The Tribunal quashed the CIT(A)'s order and restored the matter, subject to a payment of a cost of Rs 10,000 to the Prime Minister's National Relief Fund.

ITAT Condones delay in Filing Income Tax Appeal Subject to payment in Prime Minister National Relief Fund

The ITAT Delhi set aside the Rs. 445 crore tax addition after ruling that the PCIT lacked jurisdiction to transfer the case, rendering the entire assessment void.

ITAT Nullifies Rs. 445 Crore Tax Assessment Proceedings; Holds PCIT Lacked Jurisdiction

High Court set aside ITAT Delhi’s dismissal of about 218 transferred tax appeals, holding that the tribunal wrongly rejected them on jurisdictional grounds after two decades.

High Court Strongly Criticises ITAT For Wrongly Dismissing Multiple Appeals on Jurisdictional Ground

Considering the monetary limit involved in this case, the ITAT ruled that the ITO wrongly assumed jurisdiction over the case.

AO Cannot Issue Section 143(2) Notice Beyond Prescribed Monetary Limits: ITAT

ITO Cannot Issue Section 143(2) Notice Beyond CBDT Prescribed Monetary Limits: ITAT

The ITAT held that a debatable issue relating to MAT book profit computation cannot be corrected through rectification under Section 154 and accordingly quashed the rectification order.

ITAT Quashes MAT Rectification Order; Debatable MAT Computation Cannot Be Revised u/s 154

Articles

As per the proposal, in the old tax regime, MAT payment will become the final tax, and the Companies will not get new MAT credit.

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ITAT Condones delay in Filing Income Tax Appeal Subject to payment in Prime Minister National Relief Fund

ITAT Nullifies Rs. 445 Crore Tax Assessment Proceedings; Holds PCIT Lacked Jurisdiction

High Court Strongly Criticises ITAT For Wrongly Dismissing Multiple Appeals on Jurisdictional Ground

ITO Cannot Issue Section 143(2) Notice Beyond CBDT Prescribed Monetary Limits: ITAT

ITAT Quashes MAT Rectification Order; Debatable MAT Computation Cannot Be Revised u/s 154

Budget 2026: Major Changes in MAT Provisions, no credit for MAT w.e.f 01.04.2026