Tribunal holds procedural omission cannot replace evidence of unexplained income.

ITAT Deletes Rs 4.13 Crore Addition, Holds Non-Disclosure of Capital in Earlier ITRs Alone Cannot Justify Addition

Judgement

Tribunal allows ESOP deduction but denies loss carry forward under Section 72A.

ITAT Denies Section 72A Benefit Where Resulting Company Failed to Issue Shares

The ITAT held the entire rectification proceedings invalid, as the AO had initially accepted the charging of Section 234C interest at Rs 7.82 lakh; hence, it cannot increase the amount later.

ITAT Invalidates Rectification Proceedings As Interest Was Already Charged Under Section 234C; AO Cannot Revise It Later

ITAT quashed the reassessment against Kedia Carbon Pvt. Ltd., holding that the AO reopened the assessment on incorrect facts, borrowed satisfaction, and without independent application of mind.

ITAT Rules Reassessment Invalid Where AO Relied on Erroneous Facts

Articles

Know the eligibility, training, fees, stipend, registration process, and key highlights of the Corporate Mitra Scheme 2026.

Corporate Mitra Scheme 2026: Complete Guidelines, Eligibility, Fees and Training Details

News

The CGST Department has filed an appeal before the Commissioner (Appeals), Ranchi, challenging the adjudication order in Tata Steel’s Rs 493.35 crore GST dispute case.

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ITAT Deletes Rs 4.13 Crore Addition, Holds Non-Disclosure of Capital in Earlier ITRs Alone Cannot Justify Addition

ITAT Denies Section 72A Benefit Where Resulting Company Failed to Issue Shares

ITAT Invalidates Rectification Proceedings As Interest Was Already Charged Under Section 234C; AO Cannot Revise It Later

ITAT Rules Reassessment Invalid Where AO Relied on Erroneous Facts

Corporate Mitra Scheme 2026: Complete Guidelines, Eligibility, Fees and Training Details

GST Department Appeals Against Rs 368.72 Crore Penalty Relief Granted to Tata Steel Limited