Judgement

Tribunal Holds That Without First Annulling Statutory Approval Under Section 153D, PCIT Cannot Term Assessment Order as Erroneous

ITAT Quashes PCIT’s Revision: Section 263 Cannot Override Valid 153D Approval in Search Assessments

ITAT allows the Trust’s registration under Section 12AB, ruling that income-related doubts cannot block charitable status.

Assessment Issues Cannot Block Charitable Trust Section 12AB Registration: ITAT Clarifies

Bench Holds That Mere Diary Entries Seized From Third Party, Without Recording Income Impact, Cannot Sustain Section 153C Action

Mechanical 153C Invocation Fails: ITAT Quashes Assessments Based on Third-Party Diary

ITAT deletes disallowance of interest and other grounds relating to the levy of interest and initiation of penalty were treated as merely consequential.

ITAT Overturns CIT(A) Order Confirming Interest Disallowance; Deletes Rs. 2.88 Crore Addition

ITAT Rules in favour of assessee to claim long-term capital gains and losses after corporate restructuring under family settlement.

ITAT Upholds Capital Gains and Loss Claims in Family Settlement Restructuring

The High Court agreed with the petitioner and held that the notice issued on 17th August 2022 was beyond the "surviving time", making it an invalid notice.

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ITAT Quashes PCIT’s Revision: Section 263 Cannot Override Valid 153D Approval in Search Assessments

Assessment Issues Cannot Block Charitable Trust Section 12AB Registration: ITAT Clarifies

Mechanical 153C Invocation Fails: ITAT Quashes Assessments Based on Third-Party Diary

ITAT Overturns CIT(A) Order Confirming Interest Disallowance; Deletes Rs. 2.88 Crore Addition

ITAT Upholds Capital Gains and Loss Claims in Family Settlement Restructuring

HC Quashes Income Tax Notice for Being Issued Beyond Surviving Time as per SC Order