Judgement

ITAT condoned 608-day delay, set aside the ex parte CIT(A) order, and remanded the Rs 79.28 lakh addition and consequential penalty for fresh adjudication with a Rs 10,000 cost.

ITAT Condones 608-Day Delay in Rs 79.28 Lakh Addition Dispute, Remands Case for Fresh Adjudication Citing Natural Justice

ITAT deleted a Rs 2.47 crore income tax addition after accepting a pharmaceutical retailer’s evidence linking the demonetisation-period cash deposits to business sales and documented savings.

ITAT Deletes Rs 2.47 Crore Unexplained Cash Deposits Addition, Accepts Pharma Retailer’s Cash Explanation

The ITAT Mumbai held that Section 148A(d) timeline cannot extend Section 149 limitation. 

ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Limitation Period

The ITAT held that CIT(A) erred in mechanically rejecting delay explanation without adjudicating substantive tax issues.


ITAT Restores Thane Labour Law Practitioners Association’s Appeal for Merits

The ITAT Mumbai held that Reassessment cannot bypass Section 153C when its foundation is material seized during search of another person.

ITAT Quashes Section 148 Reassessment Based on Third-Party Search Material

The ITAT Delhi holds unsecured loans and share capital received from existing directors cannot be treated as Unexplained Cash Credits.

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ITAT Condones 608-Day Delay in Rs 79.28 Lakh Addition Dispute, Remands Case for Fresh Adjudication Citing Natural Justice

ITAT Deletes Rs 2.47 Crore Unexplained Cash Deposits Addition, Accepts Pharma Retailer’s Cash Explanation

ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Limitation Period

ITAT Restores Thane Labour Law Practitioners Association’s Appeal for Merits

ITAT Quashes Section 148 Reassessment Based on Third-Party Search Material

ITAT Deletes Section 68 Addition on Loans and Share Capital from Directors