Articles

The Tribunal highlighted the proposition of law that an assessing officer cannot review his earlier opinion without any fresh, tangible material.

Reopening Assessment on Previously Examined Issue Without Fresh Material Is Invalid: ITAT

Judgement

Tribunal upholds CIT(A) relief as AO failed to conduct any independent enquiry and relied solely on generic third-party statements

Interest on Past Unsecured Loans Cannot Be Disallowed unless original loans are first proved bogus: ITAT

ITAT holds that deposits of Rs. 1.29 crore by fruit vendor represent business turnover, not unexplained cash credits, Income estimated at 8% and Section 68 addition deleted.

ITAT Applies 8% Profit Rate and Treats Cash Deposits as Business Turnover for Fruit Dealer

A complete guide on ITR filing deadlines, late filing options, penalties, and how to protect your financial benefits for FY 2024-25.

ITR Filing Deadlines, Penalties, and Late Filing Rules for FY 2024-25

ITAT holds that reassessments under Sections 144/147 are invalid without issuance of mandatory Section 143(2) notice once a return exists

ITAT Quashes Reassessments for Non-Issuance of Mandatory Notice u/s 143(2)

ITAT holds reassessment invalid where AO relied only on Investigation Wing inputs without independent inquiry; mechanical Section 151 approval also struck down.

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Reopening Assessment on Previously Examined Issue Without Fresh Material Is Invalid: ITAT

Interest on Past Unsecured Loans Cannot Be Disallowed unless original loans are first proved bogus: ITAT

ITAT Applies 8% Profit Rate and Treats Cash Deposits as Business Turnover for Fruit Dealer

ITR Filing Deadlines, Penalties, and Late Filing Rules for FY 2024-25

ITAT Quashes Reassessments for Non-Issuance of Mandatory Notice u/s 143(2)

ITAT Quashes Reopening Under Section 147: Mechanical Sanction Render Reassessment Invalid