Judgement

The ITAT Delhi has held that a reassessment completed without issuing the mandatory notice under Section 143(2) is void in law. 

ITAT Rules That Reassessment Proceedings Invalid Without Mandatory Notice under Section 143(2)

Delhi ITAT deletes Rs 2.13 crore Section 68 addition after finding that the loan transactions were supported by sufficient evidence and routed through banking channels.

ITAT Deletes Rs 2.13 Crore Addition Under Section 68, Grants Major Tax Relief

The ITAT deleted Section 68 addition, holding that unsecured loan amounts directly paid to the Haryana Mining Department through banking channels do not require examination of identity or creditworthiness.

ITAT Says Identity and Creditworthiness Irrelevant Where Loan Was Directly Paid to Haryana Mining Department

The Tribunal dismissed the Revenue's appeal after ruling that the quashing of the substantive assessment left no basis for the protective addition.

ITAT: Protective Addition Cannot Survive After Substantive Assessment Is Quashed

The ITAT Ahmedabad allows interest expenditure on slump sale borrowings and deletes addition towards advance revenue receipts

  ITAT Allows Jio Platforms' Claims on Depreciation, Interest Expenditure and Advance Revenue

ITAT deletes Rs 1.89 lakh penalty under Section 270A, holding that non-filing of Form 68 was only a technical lapse and could not deny immunity under Section 270AA.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Rules That Reassessment Proceedings Invalid Without Mandatory Notice under Section 143(2)

ITAT Deletes Rs 2.13 Crore Addition Under Section 68, Grants Major Tax Relief

ITAT Says Identity and Creditworthiness Irrelevant Where Loan Was Directly Paid to Haryana Mining Department

ITAT: Protective Addition Cannot Survive After Substantive Assessment Is Quashed

ITAT Allows Jio Platforms' Claims on Depreciation, Interest Expenditure and Advance Revenue

ITAT Deletes Rs 1.89 Lakh Penalty Under Section 270A, Holds Non-Filing of Form 68 a Technical Lapse