Judgement

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



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

The ITAT Kolkata Holds Share subscribers’ identity, creditworthiness and genuineness established through documentary evidence.


 ITAT Holds No Section 14A Disallowance Without Exempt Income

ITAT remands a Rs 9.28 crore tax dispute to CIT(A) for fresh consideration of property capital gains, acquisition cost and Section 54 deduction claims.

ITAT Sends Rs 28 Crore Tax Addition Back to CIT(A), Directs Fresh Examination of Property Capital Gains and Section 54 Claim

ITAT sends Rs 24 lakh cash deposit case back to AO to verify whether wife’s NRO account withdrawals support the assessee’s explanation.

Rs 24 Lakh Cash Deposit Explained Through Wife’s NRO Account Withdrawals: ITAT Directs Assessing Officer to Verify Bank Records

ITAT remands Rs 1.26 crore tax dispute to Assessing Officer, allowing taxpayer a fresh opportunity to submit evidence, while setting aside related penalty proceedings.

ITAT Sends Rs 1.26 Crore Income Tax Dispute Back to Assessing Officer After Taxpayer Seeks Fresh Opportunity to Submit Evidence

The ITAT Delhi Holds mechanical approval under Section 151 Invalid and quashes Reassessment Proceedings



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

ITAT Holds No Section 14A Disallowance Without Exempt Income

ITAT Sends Rs 28 Crore Tax Addition Back to CIT(A), Directs Fresh Examination of Property Capital Gains and Section 54 Claim

Rs 24 Lakh Cash Deposit Explained Through Wife’s NRO Account Withdrawals: ITAT Directs Assessing Officer to Verify Bank Records

ITAT Sends Rs 1.26 Crore Income Tax Dispute Back to Assessing Officer After Taxpayer Seeks Fresh Opportunity to Submit Evidence

ITAT Invalidates Mechanical Section 151 Approval in Bogus Purchase Case