Judgement

The ITAT Delhi quashed reassessment order, noting that the impugned notice issued under Section 148 was indeed beyond the limitation period and hence invalid in law.

Reassessment Order Invalidates When Section 148 Notice Is Issued Beyond Survival Period: ITAT

The ITAT Delhi says that the saving amendment for defective approvals cannot be retrospectively applied to the approvals granted prior to April 01, 2021.

ITAT Invalidates Section 153D Approval As Given Without Application of Mind

ITAT quashed reassessment proceedings against appellant after holding that a Section 148 notice delivered on 1 April 2021 could not be issued under the old reassessment law.

ITAT: Reassessment Notice Delivered After April 1, 2021 Invalid Under Old Law

The ITAT Delhi deletes most additions related to unexplained cash deposits, holding that once sales were accepted, the related cash deposits could not be treated entirely as unexplained income.

Once Sales Intially Accepted, Related Cash Desposits Cannot be Treated Entirely Unexplained: ITAT

The Delhi High Court grants compensation for the delayed release of seized KVPs and IVPs by the department.

Delhi High Court Awards Compensation for Delayed Release of Seized KVPs

The Delhi High Court quashes ad hoc disallowance of car and telephone expenses against the company assessee.

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Reassessment Order Invalidates When Section 148 Notice Is Issued Beyond Survival Period: ITAT

ITAT Invalidates Section 153D Approval As Given Without Application of Mind

ITAT: Reassessment Notice Delivered After April 1, 2021 Invalid Under Old Law

Once Sales Intially Accepted, Related Cash Desposits Cannot be Treated Entirely Unexplained: ITAT

Delhi High Court Awards Compensation for Delayed Release of Seized KVPs

Delhi HC Rules Against Arbitrary Disallowance of Corporate Business Expenses