Judgement

The ITAT held that mere difference between physical and book stock cannot justify search penalty. 


ITAT Deletes Section 271AAA Penalty on Diamond Stock Discrepancy for Failure to Establish Undisclosed Income

Delhi ITAT condones a 783-day delay in filing an income tax appeal and restores the Rs 1.87 lakh penalty matter to CIT(A) for fresh adjudication.

ITAT Takes Liberal View on 783-Day Delay, Allows Appeal Against Rs 1.87 Lakh Penalty to Be Heard on Merits

The ITAT holds Rs 11 lakh cheque receipt explained and Rs 3.83 crore alleged cash payment as not established.


ITAT Deletes Additions Against Jaya Bachchan Over Alleged Noida Property Cash Receipt

ITAT remanded a Rs 23.53 lakh business income assessment based on Rs 2.94 crore purchases to the AO, granting the assessee a final opportunity to substantiate his claims with supporting documents.

ITAT Remands Rs 23.53 Lakh Business Income Case to AO for Fresh Adjudication After Assessee Fails to Respond to Notices

ITAT condoned a 24-day delay and remanded LTCG appeals for fresh adjudication after finding that the CIT(A) had not fully recorded his submissions and evidence.

ITAT Condones 24-Day Delay, Remands Rs 1.07 Crore LTCG Penny Stock Dispute After CIT(A) Fails to Record Complete Submissions

ITAT deleted the Rs 1.24 lakh penalty imposed under Section 271(1)(c) after the underlying Rs 4 lakh Section 68 addition was deleted in the quantum appeal.

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ITAT Deletes Section 271AAA Penalty on Diamond Stock Discrepancy for Failure to Establish Undisclosed Income

ITAT Takes Liberal View on 783-Day Delay, Allows Appeal Against Rs 1.87 Lakh Penalty to Be Heard on Merits

ITAT Deletes Additions Against Jaya Bachchan Over Alleged Noida Property Cash Receipt

ITAT Remands Rs 23.53 Lakh Business Income Case to AO for Fresh Adjudication After Assessee Fails to Respond to Notices

ITAT Condones 24-Day Delay, Remands Rs 1.07 Crore LTCG Penny Stock Dispute After CIT(A) Fails to Record Complete Submissions

ITAT Deletes Rs 1.24 Lakh Penalty After Finding Rs 4 Lakh Section 68 Unexplained Cash Credits Addition No Longer Survives