Judgement

ITAT remands Rs 12.50 lakh Section 69B ‘on-money’ addition to CIT(A) for fresh adjudication after finding inadequate opportunity was given to the assessee.

ITAT Remands Rs 12.50 Lakh Section 69B ‘On-Money’ Addition to CIT(A) for Fresh Adjudication

ITAT condoned a 453-day delay, set aside the CIT(A) order and remanded the tax appeal for fresh hearing on merits.

ITAT Finds Sufficient Cause for 453-Day Delay, Remands Tax Appeal to CIT(A) for Fresh Hearing

ITAT condoned the 34-day appeal delay and remanded the AY 2013-14 tax dispute to the AO for fresh assessment, subject to a Rs 50,000 PM Relief Fund payment.

ITAT Remands Dispute of Addition Solely Based on Third-Party Statement and Without Establishing Any Nexus for Fresh Adjudication

The ITAT Bangalore holds that failure to furnish recorded reasons despite assessee’s request invalidates reassessment proceedings


ITAT Quashes Reassessment for Non-Supply of Recorded Reasons for Reopening

The ITAT Mumbai held mere general allegations against lender cannot justify Section 68 Addition

ITAT Holds Loan Genuineness Supported by Documents and Banking Repayment

The ITAT Mumbai held reassessment for AY 2019-20 cannot be sustained where Section 148 notice is issued beyond Three Years 



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ITAT Remands Rs 12.50 Lakh Section 69B ‘On-Money’ Addition to CIT(A) for Fresh Adjudication

ITAT Finds Sufficient Cause for 453-Day Delay, Remands Tax Appeal to CIT(A) for Fresh Hearing

ITAT Remands Dispute of Addition Solely Based on Third-Party Statement and Without Establishing Any Nexus for Fresh Adjudication

ITAT Quashes Reassessment for Non-Supply of Recorded Reasons for Reopening

ITAT Holds Loan Genuineness Supported by Documents and Banking Repayment

ITAT Holds Notice Under Section 148 As Time-Barred for Escaped Income Below Rs. 50 Lakh