Judgement

ITAT adopts actual purchase value and accepts agricultural income, deleting unexplained investment addition entirely.

ITAT Deletes Addition, Accepts Agricultural Income as Source of Land Investment

Tribunal restores matter after directing AO to examine additional evidence on source of funds.

ITAT Remands Rs 7 Lakh Addition for Fresh Verification of Loan Source

The ITAT held that a Section 148 notice issued after the statutory limitation period was invalid, quashing the entire reassessment proceedings for AY 2015-16.

ITAT Quashes Reassessment as Section 148 Notice Was Issued Beyond Limitation Period

Tribunal quashes penalty after holding vague Section 274 notice invalid in law.

ITAT Deletes Rs 30 Lakh Penalty Over Defective Section 274 Notice

Tribunal condones delay, grants Section 10(10B) exemption on BSNL VRS compensation and consequential refund.

ITAT Condones Delay, Allows BSNL VRS Tax Exemption Under Section 10(10B)

News

ED has provisionally attached Reliance Infrastructure’s Reliance Power shares worth Rs 762.75 crore under PMLA proceedings, while the company plans to challenge the order legally.

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ITAT Deletes Addition, Accepts Agricultural Income as Source of Land Investment

ITAT Remands Rs 7 Lakh Addition for Fresh Verification of Loan Source

ITAT Quashes Reassessment as Section 148 Notice Was Issued Beyond Limitation Period

ITAT Deletes Rs 30 Lakh Penalty Over Defective Section 274 Notice

ITAT Condones Delay, Allows BSNL VRS Tax Exemption Under Section 10(10B)

Reliance Infrastructure Receives ED Provisional Attachment Order Over Rs 762.75 Crore Reliance Power Shareholding