Judgement

ITAT holds that DRP proceedings do not extend the statutory limitation period; final order passed beyond Section 153 timeline declared void

ITAT Quashes Assessment as Time-Barred Under Section 153

For a valid reopening, the AO must record his own belief based on proper application of his mind rather than solely relying on the third-party information.

ITAT Ahmedabad Quashes Reassessment Based on Borrowed Satisfaction from ACB Report

ITAT confirms that interest received under Section 28 of the Land Acquisition Act after 2010 is taxable

ITAT: Interest on Enhanced Land Compensation Taxable as ‘Income from Other Sources’

ITAT follows binding High Court precedent to rule that mesne profits for overstay by tenant are taxable as revenue income, not capital receipt.

ITAT Holds Mesne Profits from SBI as Taxable Revenue Receipt: Assessee’s Appeal Dismissed

ITAT holds that mere sale-in-transit and uncontroverted documents cannot justify 100% disallowance under Section 69C

ITAT Restricts Section 69C Addition to 6% on Sale-in-Transit Purchases

ITAT holds that grant given in India to an Indian student for overseas education does not violate Section 11(1)(c)

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ITAT Quashes Assessment as Time-Barred Under Section 153

ITAT Ahmedabad Quashes Reassessment Based on Borrowed Satisfaction from ACB Report

ITAT: Interest on Enhanced Land Compensation Taxable as ‘Income from Other Sources’

ITAT Holds Mesne Profits from SBI as Taxable Revenue Receipt: Assessee’s Appeal Dismissed

ITAT Restricts Section 69C Addition to 6% on Sale-in-Transit Purchases

ITAT: Scholarship Paid in India for Foreign Studies Is Not Application of Income Outside India