Judgement

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

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

The ITAT held that reassessment proceedings are invalid if mandatory prior approval under Section 151 is not properly signed by the competent authority.

ITAT Invalidates Section 148 Reassessment Proceedings Over Lack of Valid Section 151 Approval

The ITAT has remanded the case for fresh verification, allowing the assessee another chance to substantiate interest expense claims under Section 57(iii).

ITAT Grants Fresh Opportunity in Section 57(iii) Interest Disallowance Case, Remands Matter for Verification

The Delhi High Court holds interest on project funds as a capital receipt, not taxable income.

HC Rules Pre-Operational Interest as Capital, Not Income

ITAT set aside the CIT(E)'s order and remanded the case for fresh adjudication due to communication gaps during the virtual hearing.

Communication Gaps in Virtual Hearing: ITAT Restores Registration Issue to CIT(E)

The ITAT allows commission expenses, holding suspicion and non-response insufficient to deny deduction under Section 37.

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

ITAT Invalidates Section 148 Reassessment Proceedings Over Lack of Valid Section 151 Approval

ITAT Grants Fresh Opportunity in Section 57(iii) Interest Disallowance Case, Remands Matter for Verification

HC Rules Pre-Operational Interest as Capital, Not Income

Communication Gaps in Virtual Hearing: ITAT Restores Registration Issue to CIT(E)

ITAT Deletes Disallowance; Commission Expenses Held Genuine Despite Non-Response