Judgement

Tribunal upholds deletion of additions after finding purchases supported by records and banking transactions.

ITAT Deletes Rs 32 Crore Additions on Alleged Bogus Purchases

Tribunal invalidates reassessment after holding Section 148 notice was issued beyond statutory limitation period.

Tribunal restores appeal after accepting bona fide explanation for prolonged delay in filing before appellate authority.

Tribunal holds completed property transaction cannot be taxed in incorrect assessment year by Revenue authorities.

ITAT upholds deletion of loan, bad debt and estimated profit additions in Revenue appeals.