Judgement

The court held that the Income Tax Department could not reopen a completed assessment without fresh material or alleging failure to disclose material facts.

HC Quashes Income Tax Reopening Notice, Holds It Was Based on ‘Change of Opinion’

The ITAT Bangalore held that an AO cannot determine commission income by applying any percentage without independent supporting evidence, particularly where the assessee is only a commission agent.

ITAT Remands Commission Income Addition After Holding 8% Estimation Without Supporting Evidence Unsustainable

The ITAT Chennai held that additions under the Income Tax Act cannot be sustained solely on the basis of entries found in electronic records or books maintained by a third party.

ITAT Holds Entries in Third-Party Electronic Records Cannot by Themselves Establish Undisclosed Income 

ITAT directs the CIT(E), Chennai to issue a fresh and complete Form 10AD after the absence of a Unique Registration Number created difficulties in claiming Section 11 exemption.

ITAT Directs Fresh Section 12AB Registration Certificate After Missing URN Creates Exemption Issues

The ITAT remanded the Rs 1.27 crore reassessment and related penalty proceedings to the Assessing Officer, granting the assessee another opportunity to submit supporting evidence.

No Fair Opportunity Given? ITAT Sends Rs 1.27 Crore Tax Addition Dispute Back for Fresh Consideration

The ITAT restored appeals, holding that the CIT(A) cannot dismiss income tax appeals solely for non-prosecution without deciding them on merits.

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HC Quashes Income Tax Reopening Notice, Holds It Was Based on ‘Change of Opinion’

ITAT Remands Commission Income Addition After Holding 8% Estimation Without Supporting Evidence Unsustainable

ITAT Holds Entries in Third-Party Electronic Records Cannot by Themselves Establish Undisclosed Income

ITAT Directs Fresh Section 12AB Registration Certificate After Missing URN Creates Exemption Issues

No Fair Opportunity Given? ITAT Sends Rs 1.27 Crore Tax Addition Dispute Back for Fresh Consideration

ITAT Restores Taxpayer's Appeals; Rules CIT(A) Cannot Dismiss Tax Cases Solely for Non-Prosecution Without Deciding Merits