Judgement

ITAT rules that Section 68 additions cannot survive when the assessee substantiates unsecured loans with complete documentary evidence.

ITAT Rules Mere Investigation Wing Report Not Enough; Dismisses Allegations of Bogus Loans u/s 68

ITAT Holds That Mechanical, Year-Non-Specific Satisfaction Note Violates Mandatory Preconditions of Section 153C

ITAT Quashes 153C Assessments of Alleged Shell Company for Lack of Proper Satisfaction

Tribunal Holds That Without First Annulling Statutory Approval Under Section 153D, PCIT Cannot Term Assessment Order as Erroneous

ITAT Quashes PCIT’s Revision: Section 263 Cannot Override Valid 153D Approval in Search Assessments

ITAT allows the Trust’s registration under Section 12AB, ruling that income-related doubts cannot block charitable status.

Assessment Issues Cannot Block Charitable Trust Section 12AB Registration: ITAT Clarifies

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.

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ITAT Rules Mere Investigation Wing Report Not Enough; Dismisses Allegations of Bogus Loans u/s 68

ITAT Quashes 153C Assessments of Alleged Shell Company for Lack of Proper Satisfaction

ITAT Quashes PCIT’s Revision: Section 263 Cannot Override Valid 153D Approval in Search Assessments

Assessment Issues Cannot Block Charitable Trust Section 12AB Registration: ITAT Clarifies

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