ITAT Holds Cost of Acquisition Cannot Be Taken as Nil Merely Because Old Records Are Unavailable:
The ITAT Bangalore rules that interest under Section 234A cannot be levied for the period during which filing a valid return was legally impossible before notice under Section 148.
ITAT Directs Fresh Capital Gains Computation
Saima
Jul 6, 2026Premium
ITAT Holds Cost of Acquisition Cannot Be Taken as Nil Merely Because Old Records Are Unavailable
The ITAT Bangalore rules that interest under Section 234A cannot be levied for the period during which filing a valid return was legally impossible before notice under Section 148.
Also Read
ITAT Remands Section 69 Unexplained Cash Credit Addition After Bank Statement Was Not ExaminedITAT Holds Miscommunication Between Assessee and Counsel As Sufficient to Warrant Fresh Adjudication ITAT Remands Transfer Pricing Dispute: DRP to Reassess Comparables and Working Capital AdjustmentITAT Deletes Section 69A Addition on Demonetisation Cash Deposits Received by Co-operative Society from Members
About Author
Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
132My Recent Articles
- ITAT Holds Miscommunication Between Assessee and Counsel As Sufficient to Warrant Fresh Adjudication Premium
- ITAT Deletes Section 69A Addition on Demonetisation Cash Deposits Received by Co-operative Society from MembersPremium
- ITAT Holds Deposits in Foreign Companies’ Bank Accounts Cannot Be Taxed as Shareholder’s Unexplained Money Premium
- ITAT Upholds Taxation of Academic Consultancy Income under Section 44ADA Premium
- Gujarat AAR Rules Paper Bags under Entry No. 319 of Schedule I to Notification No. 09/2025-Central Tax (Rate) Attract 5% GST And Not 18%Premium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts