Judgement

Reassessment quashed as AO acted on vague SFIO inputs without tangible material or escaped income

HC Dismisses Revenue Appeal in Client Code Modification Case Where Assessee Paid Full Tax

Income Tax Department cannot retain recovered dues without producing or serving the underlying assessment order

Delhi HC Orders Refund of Tax Recovered Without Assessment Order

ITAT upheld the Rs. 2.07 crore addition, holding that fully repaid loans routed through banking channels with proper documentation cannot be treated as unexplained cash credits.

Genuine Loan Transactions Cannot Be Treated as Bogus: ITAT Deletes Rs. 2.07 Crore Addition 

Tribunal directed the CIT(A) to allow the assessee to file a condonation petition, and if the CIT(A) finds the explanation reasonable, the delay should be condoned.

Substantial Justice Should be Preferred Over Technicalities: ITAT Gives Another Chance After Appeal Dismissed for 124-Day Delay

ITAT quashed the reassessment against the assessee after holding that the reopening was approved by an incompetent authority.

ITAT Deletes Entire 4.11 Crore Addition Due to Incompetent Reopening Approval

Notices but emailed on 01.04.2021 held invalid; assessments set aside for breach of post–Finance Act 2021 safeguards

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HC Dismisses Revenue Appeal in Client Code Modification Case Where Assessee Paid Full Tax

Delhi HC Orders Refund of Tax Recovered Without Assessment Order

Genuine Loan Transactions Cannot Be Treated as Bogus: ITAT Deletes Rs. 2.07 Crore Addition

Substantial Justice Should be Preferred Over Technicalities: ITAT Gives Another Chance After Appeal Dismissed for 124-Day Delay

ITAT Deletes Entire 4.11 Crore Addition Due to Incompetent Reopening Approval

ITAT Quashes Reassessment Notices Without Following Section 148A Procedure