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Direct Tax
Ad Hoc 12.5% Profit Estimate Can’t Survive When Disputed Purchases Earned Higher Margin: ITAT Deletes Bogus Purchase Addition
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
Direct Tax
Finance Act 2023’s 2 Month Form 9A Deadline Can’t Apply Retrospectively to AY 2019-20: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the...
Direct Tax
Reassessment Beyond 4 Years Invalid Without Finding of Taxpayer’s Failure to Make Full Disclosure: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...
Direct Tax
Reassessment Additions Must Arise From Recorded Reasons: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that additions...
Direct Tax
Reassessment Notice Issued Beyond Surviving Limitation Period Is Void Ab Initio: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a reassessment...
Direct Tax
S. 68 Addition Can’t Rest Solely on Investigation Wing Report When Loan Documents Remain Unrebutted: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that information...
Direct Tax
Seller’s Prior TCS Collection Shields Buyer From TDS Default U/s 194Q: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...
Direct Tax
Notice Issued Before Filing of Return Cannot Sustain Reassessment: ITAT Quashes Rs. 2 Crore Cash Credit Addition
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
ITO Can’t Reassess Non-Corporate Taxpayer Beyond CBDT’s Pecuniary Limit: ITAT Quashes Rs. 14-Crore Addition
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
Income Tax Reassessment Can’t Revisit Issues Examined During Scrutiny Merely Because Original Order Is Silent: Bombay High Court
The Bombay High Court has quashed reassessment proceedings initiated against a taxpayer for Assessment...
Direct Tax
Wrong Sanction U/s 151 Invalidates Reassessment: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
ITAT Remands Rs. 3.56 Crore S. 68 Addition as AO Failed to Verify Higher Opening Loan Balance and Debit Transactions
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a ₹3.56...
Latest articles
Direct Tax
Administrative Delays, Change Of Counsel Can’t Justify Belated Tax Appeal: Rajasthan HC
The Rajasthan High Court has dismissed a tax department appeal filed after a delay...
Indirect Taxes
Intermediary Or Export Of Services? Dept.’s Appeal Against Rs. 4.31 Crore Service Tax Relief Must Go To Supreme Court: Karnataka HC
The Karnataka High Court has dismissed the Revenue’s appeal against a tribunal order concerning...
Direct Tax
Income Tax Search Statement Alone Can’t Justify Additions Without Supporting Evidence: Delhi HC
The Delhi High Court has reiterated that a statement recorded during an income tax...
Direct Tax
Purchases Can’t Be Treated As Bogus When Sales Are Accepted And Books Not Rejected: Calcutta HC
The Calcutta High Court has upheld the deletion of a ₹4.38 crore addition for...