Judgement

Reassessment struck down where AO failed to record independent “reasons to believe” and merely relied on investigation input

Cryptic Reasons, Borrowed Satisfaction: ITAT Kolkata Quashes Reopening as Void

Tribunal upholds 17% profit estimation on on-money and allows IDS-2016 telescoping for later years

On-Money Taxable Only on Profit Basis; IDS Telescoping Allowed- ITAT Barred Reopening by Limitation

ITAT holds that addition of full undisclosed turnover is unsustainable; directs taxation of profit @7.03% on omitted sales

Entire Undisclosed Sales Cannot Be Taxed; Only Embedded Profit Liable: ITAT

ITAT Quashes Reassessment: No Addition on Recorded Reasons, LTCG Addition Invalid

ITAT Ahmedabad Quashes Reassessment for No Addition on Recorded Reasons

ITAT held that a genuine claim for relief under Section 89(1) cannot be denied merely due to a technical lapse and remanded the matter to the AO for fresh consideration.

Form 10E Filed, Yet Relief Denied: Section 89(1) Relief Denial Case on Technical Ground Remanded to AO

Assessment against non-searched person beyond permissible block period held time-barred; COVID exclusion and 50 lakh threshold arguments rejected

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Cryptic Reasons, Borrowed Satisfaction: ITAT Kolkata Quashes Reopening as Void

On-Money Taxable Only on Profit Basis; IDS Telescoping Allowed- ITAT Barred Reopening by Limitation

Entire Undisclosed Sales Cannot Be Taxed; Only Embedded Profit Liable: ITAT

ITAT Ahmedabad Quashes Reassessment for No Addition on Recorded Reasons

Form 10E Filed, Yet Relief Denied: Section 89(1) Relief Denial Case on Technical Ground Remanded to AO

153C Jurisdiction Fails: ITAT Ahmedabad Quashes Rs. 4 Cr Addition and Penalty