Judgement

ITAT quashed the reassessment against the assessee, holding that the Section 148 notice dated June 29, 2022, was time-barred.

ITAT Delhi Quashes Reassessment as Section 148 Notice Issued Beyond Limitation Period

The Tribunal noted that the photocopy of the sale agreement was reliable evidence because it had the signatures of all parties, and the cheque numbers and amounts matched the actual payments.

ITAT Upholds Rs 1.12 Crore Addition, Rules Cash Payments in Property Sale Not Subject to Section 271D Penalty

ITAT held that cash found in lockers could not be taxed in the assessee’s hands under Section 69A in the absence of proof of ownership.

ITAT Deletes Rs. 25 Lakh Addition, Holds Cash in Wife’s Locker Cannot Be Taxed Without Proof of Ownership

The ITAT remanded the ex parte assessment orders of assessees for fresh adjudication, imposed Rs. 5,000 cost per appeal, and directed the CIT(A) to grant proper hearing opportunity.

ITAT Remands Ex-Parte Search Assessments with Opportunity to Represent and Imposes Rs. 5,000 Cost

ITAT deleted the addition, holding that tax cannot be imposed merely on third-party statements when no incriminating evidence was found during the search.

ITAT Quashes Addition Due to Absence of Incriminating Evidence Beyond Third-Party Statements

The ITAT held that a charitable trust cannot be denied Section 80G registration merely because of incidental religious clauses if its main objectives are charitable in nature.

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ITAT Delhi Quashes Reassessment as Section 148 Notice Issued Beyond Limitation Period

ITAT Upholds Rs 1.12 Crore Addition, Rules Cash Payments in Property Sale Not Subject to Section 271D Penalty

ITAT Deletes Rs. 25 Lakh Addition, Holds Cash in Wife’s Locker Cannot Be Taxed Without Proof of Ownership

ITAT Remands Ex-Parte Search Assessments with Opportunity to Represent and Imposes Rs. 5,000 Cost

ITAT Quashes Addition Due to Absence of Incriminating Evidence Beyond Third-Party Statements

ITAT Holds Section 80G Registration Cannot Be Denied for Incidental Religious Activities