Judgement

ITAT held that genuine omissions in the ITR cannot justify denial of a brought-forward capital loss set-off or levy of a late filing fee when the return is filed within the prescribed due date.

ITAT Delhi Grants Major Relief to Taxpayer, Deletes LTC Loss Disallowance and Rs 5,000 Late Fee

The ITAT Delhi held that once the primary addition under Section 69A is deleted, the consequential commission addition under Section 69C cannot survive independently.

ITAT Delhi Rules Consequential Section 69C Addition Unsustainable After Relief Under Section 69A

The ITAT Delhi rules jewellery expenses not taxable as a perquisite without an employer-employee relationship.

No Employer-Employee Relationship, No Perquisite Tax: ITAT

The ITAT remanded the matter to CIT(A) after finding that penalty notices and orders were not properly served on the assessee, rendering the proceedings ex parte.

Failure to Serve Notices on Correct Email Address Invalidates Entire Penalty Proceedings: ITAT 

The ITAT Delhi deleted the Rs 72.45 crore addition, holding that reopening under Section 147 cannot be based on “borrowed satisfaction".

Borrowed Satisfaction Cannot Justify Section 147 Reassessment, Rules ITAT Delhi

The ITAT Ahmedabad quashes penalty proceedings, holding that mere referencing a word, 'misreporting', is not sufficient to initiate penalty proceedings.

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ITAT Delhi Grants Major Relief to Taxpayer, Deletes LTC Loss Disallowance and Rs 5,000 Late Fee

ITAT Delhi Rules Consequential Section 69C Addition Unsustainable After Relief Under Section 69A

No Employer-Employee Relationship, No Perquisite Tax: ITAT

Failure to Serve Notices on Correct Email Address Invalidates Entire Penalty Proceedings: ITAT

Borrowed Satisfaction Cannot Justify Section 147 Reassessment, Rules ITAT Delhi

Political Donation Penalty Deleted: Income Tax Authorities Cannot Levy Penalty Just by Mentioning “Misreporting”