Judgement

ITAT condoned a 2,273-day delay in an NRI assessee’s appeal and remanded the Rs 25.44 lakh income addition to the AO for fresh adjudication.

ITAT Condones Nearly 6-Year Delayed Appeal of NRI, Remands Rs 25.44 Lakh Addition to AO for Fresh Consideration

ITAT condoned a 3558-day delay, citing genuine hardship, and remanded the Rs 3 lakh Section 68 unexplained loan addition to the AO for fresh adjudication.

ITAT Orders Fresh Adjudication in Rs 3 Lakh Unexplained Unsecured Loan Case After Condonation of 3558-Day Delay

ITAT deleted a Section 69 addition after accepting the assessee’s father-in-law’s ITR as documentary evidence establishing his identity, financial capacity and genuineness of the source.


ITAT Deletes Section 69 Unexplained Investment Addition After Father-in-Law’s ITR Establishes Source of Stamp Duty Payment

Mumbai ITAT upheld a Rs 10 lakh Section 68 addition after the assessee failed to prove the lenders’ creditworthiness and genuineness of the loans.

ITAT Upholds Rs 10 Lakh Addition Under Section 68 as Unexplained Cash Credit Over Failure to Prove Lenders’ Creditworthiness

ITAT Mumbai quashed the reassessment for AY 2018-19, holding that the Section 148 notice issued beyond three years failed to meet the Rs 50 lakh escaped-income threshold and lacked the mandatory Section 151(ii) approval.

ITAT Rules Reassessment Proceedings Invalid After Finding Section 148 Notice Issued Beyond Three Years Without Meeting Rs 50 Lakh Escaped-Income Threshold

ITAT partly deletes Rs 10.48 lakh penalty, ruling that mere disallowance of expenses does not automatically justify penalty under Section 271(1)(c).

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ITAT Condones Nearly 6-Year Delayed Appeal of NRI, Remands Rs 25.44 Lakh Addition to AO for Fresh Consideration

ITAT Orders Fresh Adjudication in Rs 3 Lakh Unexplained Unsecured Loan Case After Condonation of 3558-Day Delay

ITAT Deletes Section 69 Unexplained Investment Addition After Father-in-Law’s ITR Establishes Source of Stamp Duty Payment

ITAT Upholds Rs 10 Lakh Addition Under Section 68 as Unexplained Cash Credit Over Failure to Prove Lenders’ Creditworthiness

ITAT Rules Reassessment Proceedings Invalid After Finding Section 148 Notice Issued Beyond Three Years Without Meeting Rs 50 Lakh Escaped-Income Threshold

Mere Expense Disallowance Cannot Trigger Section 271(1)(c) Penalty; ITAT Partly Allows Appeal