Judgement

ITAT Rules Revision Cannot Be Used to Extend Limitation for Issues Not Covered in Reassessment 

The ITAT condones the 137-day delay and restores the Rs 99.20 lakh income tax addition matter before the AO after finding ex parte proceedings without adequate hearing opportunity.

ITAT Condones 137-Day Delay Noting Taxpayer Was Unaware of Tax Notices Due to Address Change

ITAT remanded the Rs 1.31 crore tax demand case to the AO for a fresh assessment after finding the earlier orders were passed ex parte.

ITAT Remands Rs 1.31 Crore Tax Demand Case to AO for Fresh Assessment

ITAT Holds Separate Satisfaction Notes Not Mandatory for Each Assessment Year Under Section 153C

The Delhi ITAT upheld the Rs 33.59 lakh addition for alleged bogus derivative trading losses while remanding the reassessment validity issue to the CIT(A) for fresh adjudication.

ITAT Upholds Rs 33.59 Lakh Bogus Derivative Loss Addition, Remands Reassessment Validity Issue

The ITAT granted relief from enhanced Section 14A disallowance due to lack of mandatory satisfaction by the AO and remanded the expected loss provision issue for fresh examination.

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ITAT Rules Revision Cannot Be Used to Extend Limitation for Issues Not Covered in Reassessment

ITAT Condones 137-Day Delay Noting Taxpayer Was Unaware of Tax Notices Due to Address Change

ITAT Remands Rs 1.31 Crore Tax Demand Case to AO for Fresh Assessment

ITAT Holds Separate Satisfaction Notes Not Mandatory for Each Assessment Year Under Section 153C

ITAT Upholds Rs 33.59 Lakh Bogus Derivative Loss Addition, Remands Reassessment Validity Issue

ITAT Holds Rule 8D Cannot Be Invoked Without Recording Satisfaction, Remands Rs 119.56 Crore Expected Loss Claim