Judgement

The Tribunal cited section 49(1)(ii), which clarifies that the cost of acquisition for the person receiving the asset is considered to be the cost for which the previous owner originally acquired it.

Holding Period of Shares from Donor is Included for LTCG Eligibility: ITAT

The Tribunal held that commissioner cannot invoke section 263 just because he holds a different opinion or believes that further enquiries should be made.

Section 263 Jurisdiction Based on Assumptions and Suspicion is Impermissible: ITAT

Tribunal finds AO wrongly compared incomparable values and notes CPC already validated the returns; directs reassessment.

ITAT Sends Back Section 54F Claim for Fresh Examination; Stamp Duty Value Addition Also Reopened

ITAT ruled the reassessment invalid after finding the reopening notice time-barred, nullifying the entire Rs. 440 crore addition.

ITAT Ahmedabad Quashes Rs. 440 Crore Bogus Purchase Addition as Reopening Found Time-Barred

Tribunal accepts genuine difficulties of rural assessee unfamiliar with e-communication and directs full de novo assessment on cash deposits and agricultural income claims

ITAT Revives Farmer’s Appeal Dismissed for Non-Compliance; 438-Day Delay Condoned

ITAT quashes the CIT(A) order because the legal heir was not given a proper opportunity of hearing after the taxpayer's death and to submit all the necessary documents.

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Holding Period of Shares from Donor is Included for LTCG Eligibility: ITAT

Section 263 Jurisdiction Based on Assumptions and Suspicion is Impermissible: ITAT

ITAT Sends Back Section 54F Claim for Fresh Examination; Stamp Duty Value Addition Also Reopened

ITAT Ahmedabad Quashes Rs. 440 Crore Bogus Purchase Addition as Reopening Found Time-Barred

ITAT Revives Farmer’s Appeal Dismissed for Non-Compliance; 438-Day Delay Condoned

ITAT Quashes CIT(A) Order for Denying Legal Heir Opportunity, Directs Fresh Adjudication