Judgement

The ITAT Delhi quashes section 153C assessments against Mahavir Fincon, Raghav Agrawal as barred by limitation



Limitation for Section 153C Assessment Begins from Date of Transfer of Records Under Section 127

ITAT deletes Rs 2 lakh addition, reduces Section 69C addition to Rs 1 lakh, but upholds Rs 3.5 lakh Section 68 addition. 

ITAT Reduces Section 69C Addition from Rs 2 lakh to Rs 1 lakh, Holds Cheque Payment Cannot Be Treated as Unexplained on Assumptions

The ITAT condones a 44-day delay by a charitable trust and remands its Rs 19.82 lakh tax dispute for fresh examination of Section 11 exemption, receipts, and allowable expenses.

ITAT Condones  44-Day Delay in Charitable Trust’s Appeal, Says Only Net Taxable Income Can Be Assessed if Exemption Fails

ITAT condones 52-day delay in Section 270A penalty appeal and directs CIT(A) to decide penalty and quantum appeals together.

ITAT Restores Section 270A Penalty Dispute for Fresh Adjudication After Condoning 52-Day Delay

ITAT Pune condones 494-day delay and directs CIT(A) to decide Builders’ Rs 73.70 lakh tax appeal on merits.

494-Day Delay Condoned: ITAT Pune Directs CIT(A) to Reconsider Tax Appeal

The ITAT Ahmedabad rules that proportional allocation of cash payments based on third-party seized documents cannot sustain addition 



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Limitation for Section 153C Assessment Begins from Date of Transfer of Records Under Section 127

ITAT Reduces Section 69C Addition from Rs 2 lakh to Rs 1 lakh, Holds Cheque Payment Cannot Be Treated as Unexplained on Assumptions

ITAT Condones 44-Day Delay in Charitable Trust’s Appeal, Says Only Net Taxable Income Can Be Assessed if Exemption Fails

ITAT Restores Section 270A Penalty Dispute for Fresh Adjudication After Condoning 52-Day Delay

494-Day Delay Condoned: ITAT Pune Directs CIT(A) to Reconsider Tax Appeal

ITAT Holds Third-Party Loose Papers Are Insufficient Without Corroboration