Judgement

ITAT deleted an addition made for property purchased below market value as the agreement was executed prior to valuation date.

ITAT Deletes Addition Under Section 56(2)(vii)(b) Based on Prior Agreement Date

ITAT Pune dismissed assessee appeal, upholding Rs 78.70 lakh addition for unproven agricultural income.

ITAT: Agricultural Income Claim Rejected for Lack of Evidence

ITAT Ahmedabad remands Rs 63.75 lakh cash addition to CIT(A), granting the assessee a final opportunity to submit evidence.

Addition Based on Third-Party Statement Sent Back for Fresh Consideration by ITAT

The Tribunal deleted the penalty due to the difference in the grounds for initiating the penalty and imposition of the penalty.

Penalty Cannot be Levied on a Ground Different from Initiation: ITAT

There was no misreporting of income and in the absence of details as to which limb of section 270A was attracted and how the ingredient of sub-section (9) of section 270A was satisfied.

ITAT Deletes Section 270A Penalty as AO Fails to Specify Misreporting Limb

ITAT Raipur sets aside ex-parte CIT(A) order for AY 2018-19, remanding case for de novo adjudication, giving assessee a final opportunity to comply.

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ITAT Deletes Addition Under Section 56(2)(vii)(b) Based on Prior Agreement Date

ITAT: Agricultural Income Claim Rejected for Lack of Evidence

Addition Based on Third-Party Statement Sent Back for Fresh Consideration by ITAT

Penalty Cannot be Levied on a Ground Different from Initiation: ITAT

ITAT Deletes Section 270A Penalty as AO Fails to Specify Misreporting Limb

ITAT Remands Ex-Parte CIT(A) Order for De Novo Adjudication