Judgement

Reference to DVO for FMV of property cannot extend limitation under Section 153(1)

ITAT Quashes LTCG Assessment as Time-Barred Where AO Invoked Section 142A Improperly

Tribunal quashes Rs. 90 lakh Section 68 addition, holding that AO cannot exceed limited scrutiny scope and assessment framed without jurisdiction is invalid.

ITAT Kolkata Quashes Rs. 90 Lakh Addition for Jurisdictional Overreach

FTC under Section 90 cannot be denied merely due to delayed filing of Form 67

Late Filing of Form 67 Is Not Fatal: ITAT Kolkata Allows Foreign Tax Credit

Reassessment struck down where AO failed to record independent “reasons to believe” and merely relied on investigation input

Cryptic Reasons, Borrowed Satisfaction: ITAT Kolkata Quashes Reopening as Void

Tribunal upholds 17% profit estimation on on-money and allows IDS-2016 telescoping for later years

On-Money Taxable Only on Profit Basis; IDS Telescoping Allowed- ITAT Barred Reopening by Limitation

ITAT holds that addition of full undisclosed turnover is unsustainable; directs taxation of profit @7.03% on omitted sales

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ITAT Quashes LTCG Assessment as Time-Barred Where AO Invoked Section 142A Improperly

ITAT Kolkata Quashes Rs. 90 Lakh Addition for Jurisdictional Overreach

Late Filing of Form 67 Is Not Fatal: ITAT Kolkata Allows Foreign Tax Credit

Cryptic Reasons, Borrowed Satisfaction: ITAT Kolkata Quashes Reopening as Void

On-Money Taxable Only on Profit Basis; IDS Telescoping Allowed- ITAT Barred Reopening by Limitation

Entire Undisclosed Sales Cannot Be Taxed; Only Embedded Profit Liable: ITAT