Judgement

The Tribunal quashed the reassessment after finding the AO made no addition on the recorded reason for reopening.

ITAT Quashes Reassessment as AO Makes No Addition on Reopening Issue

The ITAT Chennai held mere observation that penalty 'Will be Initiated Separately' does not constitute valid satisfaction under Section 271(1)(c)


ITAT Quashes Penalty as AO Failed to Validly Initiate Proceedings During Assessment

ITAT ruled that unverified WhatsApp chats and uncorroborated statements cannot justify a tax addition under Section 69A.

ITAT Deletes Rs 34.20 Lakh Tax Addition Based on Unverified WhatsApp Chats

News

The Govt has proposed amendments to the Payment and Settlement Systems Act and the Income-tax Act to simplify digital payment compliance and provide greater flexibility for foreign investment funds.

Govt Proposes Major Amendments to Payment and Settlement Systems Act, 2007, and Income Tax Act, 2025

ITAT remanded the capital gains dispute to the CIT(A), holding that the appeal should be decided on merits rather than ex-parte.

ITAT Gives Taxpayer One More Opportunity to Present Evidence, Remands Ex-Parte Appeal to CIT(A)

ITAT held that the Income Tax Department adopted the wrong legal procedure by reopening the assessments under Section 147 instead of proceeding under Section 153C.

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ITAT Quashes Reassessment as AO Makes No Addition on Reopening Issue

ITAT Quashes Penalty as AO Failed to Validly Initiate Proceedings During Assessment

ITAT Deletes Rs 34.20 Lakh Tax Addition Based on Unverified WhatsApp Chats

Govt Proposes Major Amendments to Payment and Settlement Systems Act, 2007, and Income Tax Act, 2025

ITAT Gives Taxpayer One More Opportunity to Present Evidence, Remands Ex-Parte Appeal to CIT(A)

ITAT Quashes Section 147 Reassessment Proceedings, Holds Income Tax Dept Must Follow Section 153C After Third-Party Search