Judgement

The ITAT deleted the Section 271B penalty after holding that director disputes and pending litigation constituted a reasonable cause under Section 273B.

ITAT Quashes Rs 1.5 Lakh Penalty Under Section 271B, Cites Reasonable Cause

ITAT remands case of suspicious transactions to the CIT(A) for fresh consideration after noting that some key issues and Rule 46A application was not initially adjudicated properly. 

ITAT Restores Case of Suspicious Transactions to CIT(A) After Rule 46A Application and Key Issues Were Not Properly Considered

The ITAT remanded a Rs 79.35 lakh tax addition case to the CIT(A), holding that the appellate authority failed to properly examine the assessee's evidence before confirming the addition.

ITAT Sends Tax Addition Case Back to CIT(A) Over Inadequate Examination of Evidence

The ITAT Mumbai held that exempt dividend can not be treated as taxable only if not disclosed in Schedule EI


ITAT Rules Mere Omission to Report Exempt Dividend Cannot Convert Tax-Exempt Income into Taxable Income

The ITAT Mumbai Rules Cash Deposits During Demonetisation Cannot Be Treated as Unexplained Cash Credit When Supported by Evidence 



ITAT Holds Mere Suspicion Over Surge in Jewellery Sales During Demonetisation Cannot Justify Addition 

The Tribunal quashed the reassessment after finding the AO made no addition on the recorded reason for reopening.

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ITAT Quashes Rs 1.5 Lakh Penalty Under Section 271B, Cites Reasonable Cause

ITAT Restores Case of Suspicious Transactions to CIT(A) After Rule 46A Application and Key Issues Were Not Properly Considered

ITAT Sends Tax Addition Case Back to CIT(A) Over Inadequate Examination of Evidence

ITAT Rules Mere Omission to Report Exempt Dividend Cannot Convert Tax-Exempt Income into Taxable Income

ITAT Holds Mere Suspicion Over Surge in Jewellery Sales During Demonetisation Cannot Justify Addition

ITAT Quashes Reassessment as AO Makes No Addition on Reopening Issue