Judgement

The court pointed out that the petitioner is eligible to claim the refund, as a similar issue has been ruled in favour of petitioners in the decisions of the Delhi HC, Madhya Pradesh HC, and Punjab & Haryana HC.

Disabled Army Officer Entitled to Income Tax Refund on Disability Pension With 9% Interest: HC

HC rules SBI was justified in not deducting TDS on LTC payments due to a binding Madras HC interim order; Section 201 proceedings set aside

Kerala High Court Holds SBI Not Assessee-in-Default for Non-TDS on LTC Paid Under Madras HC's Interim Order

The tribunal highlighted that in cases where the additions are made on the basis of third-party data like AIR, the assessee must be given the relevant information to respond properly.

No Assessment on basis of AIR database without giving primary information to Assessee: ITAT

The Gujarat High Court cancels Rs. 3.17 crore penalty, holding that a wrong or debatable tax claim is not “concealment” under Section 271(1)(c).

Gujarat High Court Quashes Rs. 3.17 Crore Penalty; Says Wrong Claim Is Not Concealment

Tribunal sends matter back to AO after assessee produces Auto-Sweep account for the first time, which may alter the core factual findings

ITAT Ahmedabad Remands Addition of Rs. 1.70 Crore as Unexplained Investment for Fresh Verification

ITAT Delhi ruled that capital losses can be set off against long-term capital gains despite differing tax rates, quashing CPC and CIT(A)’s additions and restoring the taxpayer’s original income.

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Disabled Army Officer Entitled to Income Tax Refund on Disability Pension With 9% Interest: HC

Kerala High Court Holds SBI Not Assessee-in-Default for Non-TDS on LTC Paid Under Madras HC's Interim Order

No Assessment on basis of AIR database without giving primary information to Assessee: ITAT

Gujarat High Court Quashes Rs. 3.17 Crore Penalty; Says Wrong Claim Is Not Concealment

ITAT Ahmedabad Remands Addition of Rs. 1.70 Crore as Unexplained Investment for Fresh Verification

ITAT Delhi Quashes CPC’s Rs. 25 Lakh Addition; Allows Set-Off of STCL and LTCL Against Long-Term Gains