Judgement

The ITAT Kolkata holds that a notice issued by a non-jurisdictional AO in violation of CBDT pecuniary limits renders the entire reassessment void.

ITAT Quashes Reassessment for Lack of Jurisdiction; Deletes Rs 2 Crore Addition u/s 68

After examining the evidence, the tribunal observed that the withdrawals and deposits matched the bank records.

ITAT Ahmedabad Gives Relief in Cash Deposit Case by Deleting Rs 11 Lakh Addition

The Tribunal observed that since the mandatory approval was taken from an incorrect authority, the reassessment proceedings were invalid

ITAT Delhi Quashes Reassessment Due to Invalid Approval Under Section 151

Considering the medical condition of the assessee, the ITAT set aside the previous orders and sent the case to the AO for fresh consideration.

ITAT Bangalore Remits Case for Fresh Review Due to Medical Condition of Assessee

The ITAT Surat held that without strong evidence, the entire undisclosed bank deposit cannot be taxed, restricting the addition to only 8% of the total deposits.

ITAT Holds Entire Deposit Cannot Be Taxed Without Evidence; Restricts Rs 9.83 Crore Addition to 8% of Deposits

The tribunal holds that a non-compliant notice under Section 143(2) renders the entire assessment void.

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ITAT Quashes Reassessment for Lack of Jurisdiction; Deletes Rs 2 Crore Addition u/s 68

ITAT Ahmedabad Gives Relief in Cash Deposit Case by Deleting Rs 11 Lakh Addition

ITAT Delhi Quashes Reassessment Due to Invalid Approval Under Section 151

ITAT Bangalore Remits Case for Fresh Review Due to Medical Condition of Assessee

ITAT Holds Entire Deposit Cannot Be Taxed Without Evidence; Restricts Rs 9.83 Crore Addition to 8% of Deposits

ITAT Quashes Assessment for Invalid Section 143(2) Notice; Grants Multiple Reliefs to Assessee