Judgement

Bench Holds That Mere Diary Entries Seized From Third Party, Without Recording Income Impact, Cannot Sustain Section 153C Action

Mechanical 153C Invocation Fails: ITAT Quashes Assessments Based on Third-Party Diary

ITAT deletes disallowance of interest and other grounds relating to the levy of interest and initiation of penalty were treated as merely consequential.

ITAT Overturns CIT(A) Order Confirming Interest Disallowance; Deletes Rs. 2.88 Crore Addition

ITAT Rules in favour of assessee to claim long-term capital gains and losses after corporate restructuring under family settlement.

ITAT Upholds Capital Gains and Loss Claims in Family Settlement Restructuring

The High Court agreed with the petitioner and held that the notice issued on 17th August 2022 was beyond the "surviving time", making it an invalid notice.

HC Quashes Income Tax Notice for Being Issued Beyond Surviving Time as per SC Order

ITAT held that dismissing an appeal without giving the assessee at least one opportunity of hearing violates principles of natural justice and remanded the case for fresh adjudication.

ITAT Sets Aside Time-Barred Dismissal, Upholds Violation of Natural Justice

Mumbai ITAT Upholds Denial of 80G Deduction on CSR Spend, Deletes Section 69A Addition.

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Mechanical 153C Invocation Fails: ITAT Quashes Assessments Based on Third-Party Diary

ITAT Overturns CIT(A) Order Confirming Interest Disallowance; Deletes Rs. 2.88 Crore Addition

ITAT Upholds Capital Gains and Loss Claims in Family Settlement Restructuring

HC Quashes Income Tax Notice for Being Issued Beyond Surviving Time as per SC Order

ITAT Sets Aside Time-Barred Dismissal, Upholds Violation of Natural Justice

ITAT Deletes Excess Stock Additions but Upholds CSR Disallowance under Section 80G