Judgement

Addition for alleged unexplained credits deleted after admission of DEMAT statement under Rule 46A; Revenue’s appeal dismissed.

Mere Suspicion of Shell Entities Not Enough to Sustain Rs. 3.59 Cr Addition, Rules ITAT

ITAT reiterates distinction between “lack of inquiry” and “inadequate inquiry”

ITAT Quashes Revision in Demonetisation Cash Deposit Case; No ‘Lack of Inquiry’ Found

Assessment set aside as lower authorities failed to consider Khasra Girdawari, Sub-Registrar report and municipal certificate while treating land as non-agricultural

ITAT Remands Rs. 1.47 Cr LTCG Addition in Rural Land Case Over Incomplete Evidence Review

The Gujarat High Court dismissed the Revenue’s appeal in a Rs. 4.10 crore bogus purchase case for AY 2012-13, upholding the ITAT’s view.

HC Upholds restricting disallowance to 6% instead of 100% in Bogus Purchase Case

Based on the observations mentioned in the said communication, the court concluded that no income had escaped the assessment.

Gujarat High Court Quashes Reassessment Notice Under Section 148 for Lack of Proof

News

Redington Ltd secures relief as CIT(A) quashes Rs. 136.25 crore tax demand for AY 2021-22, overturning assessment order raised by Income Tax Department.

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Mere Suspicion of Shell Entities Not Enough to Sustain Rs. 3.59 Cr Addition, Rules ITAT

ITAT Quashes Revision in Demonetisation Cash Deposit Case; No ‘Lack of Inquiry’ Found

ITAT Remands Rs. 1.47 Cr LTCG Addition in Rural Land Case Over Incomplete Evidence Review

HC Upholds restricting disallowance to 6% instead of 100% in Bogus Purchase Case

Gujarat High Court Quashes Reassessment Notice Under Section 148 for Lack of Proof

Redington Ltd Gets Rs. 136.25 Crore Tax Demand Quashed by CIT(A)