Judgement

Satisfaction Under Section 153C Must Be Recorded Immediately After Searched Person’s Assessment; Delayed Notice Held Void

ITAT Hyderabad Quashes Section 153C Assessment Issued After 22-Month Delay

Reasonable Cash-in-Hand Accepted, and Higher 115BBE Rate Restricted to Post-1 April 2017 Transactions

ITAT Grants Partial Relief on Cash Deposit Addition; 60% Tax Under Section 115BBE Ruled Inapplicable

Notices Under Sections 148 & 148A Issued by JAO Held Void; Faceless Scheme Mandatory After CBDT Notification

ITAT Hyderabad Quashes Reassessments Issued by Jurisdictional AO Post CBDT Notification 

ITAT held that the failure of the AO to examine the Section 94B interest disallowance and EBITDA computation justified revision of the assessment under Section 263.

ITAT Upholds PCIT’s Revision Under Section 263: Lack of AO Inquiry on Section 94B Interest Disallowance

ITAT Holds 50% Decretal Amount Withdrawn Under Interim Stay Does Not Accrue as Income Until Final Settlement

Interim Compensation Under Court Decree Taxable Only on Final Settlement, Not on Interim Withdrawal

ITAT Holds That Bare Retraction and Post-Search Book Entries Cannot Undo Clear Section 132(4) Admission

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Hyderabad Quashes Section 153C Assessment Issued After 22-Month Delay

ITAT Grants Partial Relief on Cash Deposit Addition; 60% Tax Under Section 115BBE Ruled Inapplicable

ITAT Hyderabad Quashes Reassessments Issued by Jurisdictional AO Post CBDT Notification

ITAT Upholds PCIT’s Revision Under Section 263: Lack of AO Inquiry on Section 94B Interest Disallowance

Interim Compensation Under Court Decree Taxable Only on Final Settlement, Not on Interim Withdrawal

Search Admission Prevails: ITAT Restores Rs. 2.15 Crore Cash Addition After Rejecting Retraction