Judgement

ITAT Kolkata quashes reassessment for AY 2012-13, holding that failure to issue the mandatory Section 143(2) notice rendered the assessment legally invalid.

ITAT Quashes Reassessment for Failure to Issue Mandatory Section 143(2) Notice

The ITAT Ahmedabad has held that Section 68 applies only where there is a real inflow of money and not a mere accounting adjustment. 

ITAT Holds Notional Book Entry Without Actual Fund Inflow Cannot be Taxed as Unexplained Cash Credit Under Section 68

ITAT Chennai deleted a Rs 76.98 lakh tax addition after finding that the alleged 46.29-carat diamond stock shortage arose from an incorrect stock reconciliation by the AO.

ITAT Deletes Rs 76.98 Lakh Tax Addition Over Alleged Diamond Stock Shortage

The ITAT Kolkata observed that 80G Application should not be rejected merely on technical delay when 12AB Registration already exists. 

ITAT Holds Delay Alone Cannot Defeat Genuine Charitable Claim

The ITAT Patna directs CIT(A) to reconsider penalty after observing that procedural lapse should not override substantive compliance. 

ITAT Rules Non-Filing of Form 68 Alone Cannot Defeat Immunity Claim

The ITAT Delhi condones a 950-day delay caused by internal partner disputes and restores the tax appeal for fresh adjudication on merits.

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ITAT Quashes Reassessment for Failure to Issue Mandatory Section 143(2) Notice

ITAT Holds Notional Book Entry Without Actual Fund Inflow Cannot be Taxed as Unexplained Cash Credit Under Section 68

ITAT Deletes Rs 76.98 Lakh Tax Addition Over Alleged Diamond Stock Shortage

ITAT Holds Delay Alone Cannot Defeat Genuine Charitable Claim

ITAT Rules Non-Filing of Form 68 Alone Cannot Defeat Immunity Claim

950-Day Delay Condoned: ITAT Directs Fresh Merits-Based Adjudication