Judgement

ITAT quashes Section 147 reassessment for A.Y. 2015-16, holding the April 2021 reopening notice legally unsustainable under the Supreme Court’s earlier ruling.

ITAT Grants Major Relief In Penny-Stock Case, Quashes Reassessment Under Section 147

ITAT grants Section 115BAA tax benefit to private company after finding that a portal glitch caused a genuine delay in filing Form 10-IC.

ITAT Directs AO to Grant 115BAA Benefit to Company After Portal Glitch Delayed Form 10-IC

ITAT deletes Rs 45.45 lakh jewellery addition in a search case while upholding Rs 2.17 lakh cash addition.

ITAT Deletes Rs 45.45 Lakh Jewellery Addition After Considering Family Holdings; Rs 2.17 Lakh Cash Addition Sustained

The ITAT granted the assessee another opportunity and remanded the Rs 1.55 crore disallowance matter to the CIT(A) for fresh adjudication.

ITAT Gives Fresh Opportunity to Assessee, Remands Rs 1.55 Crore Disallowance Matter to CIT(A)

Notifications

CBDT has approved Sir Ganga Ram Trust Society, Delhi, as an eligible institution for scientific research for tax years 2026-27 to 2030-31 under the new income-tax law.

CBDT Grants Scientific Research Approval to Sir Ganga Ram Trust Society

ITAT remanded Rs 17.33 crore additions involving land transaction reversal and cessation of liability to the AO for fresh verification.

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ITAT Grants Major Relief In Penny-Stock Case, Quashes Reassessment Under Section 147

ITAT Directs AO to Grant 115BAA Benefit to Company After Portal Glitch Delayed Form 10-IC

ITAT Deletes Rs 45.45 Lakh Jewellery Addition After Considering Family Holdings; Rs 2.17 Lakh Cash Addition Sustained

ITAT Gives Fresh Opportunity to Assessee, Remands Rs 1.55 Crore Disallowance Matter to CIT(A)

CBDT Grants Scientific Research Approval to Sir Ganga Ram Trust Society

ITAT Remands Rs 9.73 Crore Land Transaction, Rs 7.60 Crore Cessation of Liability Additions for Fresh Examination