Judgement

ITAT Mumbai quashed the reassessment for AY 2018-19, holding that the Section 148 notice issued beyond three years failed to meet the Rs 50 lakh escaped-income threshold and lacked the mandatory Section 151(ii) approval.

ITAT Rules Reassessment Proceedings Invalid After Finding Section 148 Notice Issued Beyond Three Years Without Meeting Rs 50 Lakh Escaped-Income Threshold

ITAT partly deletes Rs 10.48 lakh penalty, ruling that mere disallowance of expenses does not automatically justify penalty under Section 271(1)(c).

Mere Expense Disallowance Cannot Trigger Section 271(1)(c) Penalty; ITAT Partly Allows Appeal

ITAT Delhi set aside the CIT(A)’s order and remanded the matter for fresh adjudication after additional evidence was accepted without obtaining the AO’s Remand Report.

ITAT Sets Aside CIT(A) Order Over Failure to Obtain AO’s Remand Report on Additional Evidence; Matter Sent Back for Fresh Adjudication

ITAT deletes Rs 42.42 lakh tax additions, ruling that refunded business advances were genuine transactions, not accommodation entries.

ITAT Deletes Rs 42.42 Lakh Tax Additions, Rejects Department’s Accommodation Entry Claim Over Refunded Business Advances

ITAT Delhi held that an ITO lacked pecuniary jurisdiction to issue a Section 148 reassessment notice where the taxpayer’s returned income exceeded Rs 20 lakh, rendering the proceedings void ab initio.

ITAT Rules Reassessment Notice Issued by ITO Invalid for Taxpayer With Income Above Rs 20 Lakh, Holds Proceedings Void Ab Initio

GSTAT quashes Rs 1.38 lakh e-way bill penalty, holding the seven-day deadline under Section 129(3) of the CGST/KGST Act mandatory.

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ITAT Rules Reassessment Proceedings Invalid After Finding Section 148 Notice Issued Beyond Three Years Without Meeting Rs 50 Lakh Escaped-Income Threshold

Mere Expense Disallowance Cannot Trigger Section 271(1)(c) Penalty; ITAT Partly Allows Appeal

ITAT Sets Aside CIT(A) Order Over Failure to Obtain AO’s Remand Report on Additional Evidence; Matter Sent Back for Fresh Adjudication

ITAT Deletes Rs 42.42 Lakh Tax Additions, Rejects Department’s Accommodation Entry Claim Over Refunded Business Advances

ITAT Rules Reassessment Notice Issued by ITO Invalid for Taxpayer With Income Above Rs 20 Lakh, Holds Proceedings Void Ab Initio

GSTAT Quashes Rs 1.38 Lakh E-Way Bill Penalty, Holds Penalty Order Beyond 7-Day Limit Under Section 129(3) Is Illegal