Ask Jurishour AI

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
tdb_templates
saswp_reviews
saswp-collections
saswp_rvs_location
tdc-review-email
web-story-font
web-story
googlesitekit_email
tds_locker
tds_email
saswp
mailpoet_page
mailpoet_email
tdcpt_tunes
tdc-review
pronamic_payment
pronamic_gateway
pronamic_pay_subscr
wpcode
HomeDirect TaxAssessment Order Passed Beyond Limitation Period Invalid; Rs. 287 Crore Addition Based...

Assessment Order Passed Beyond Limitation Period Invalid; Rs. 287 Crore Addition Based on Third-Party Seized Material Quashed: ITAT

Direct Tax

Published on

By Mariya Paliwala
ITAT

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has granted major relief to Chennamaneni Mithun Chand by quashing an assessment order that had resulted in an addition of Rs. 287 crore under Section 56(2)(x) of the Income Tax Act.  The bench of Vijay Pal Rao (Vice President) and Manjunatha G. (Accountant Member) has…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

Columns

Tax Audit Deadline Tomorrow: Delay May Attract Penalty Up To ₹1.5 Lakh

Businesses and professionals required to furnish tax audit reports for Assessment Year 2026–27 face...
Columns

Save Rs. 16 Lakh in Capital Gains Tax or Invest for Growth? Experts Explain the Trade-Off

For investors deciding what to do with the proceeds of a property sale, avoiding...
Notification

CBDT Makes Form 173A Mandatory To Claim Tax Exemption On Govt. Securities Income

The Central Board of Direct Taxes (CBDT) has notified a new reporting requirement for...
GST

GST Appeal Can’t Be Rejected Over Wrong Pre-Deposit Ledger; Cash Shortfall Is Curable: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Agra Bench, has held that an...

More like this

Columns

Tax Audit Deadline Tomorrow: Delay May Attract Penalty Up To ₹1.5 Lakh

Businesses and professionals required to furnish tax audit reports for Assessment Year 2026–27 face...
Columns

Save Rs. 16 Lakh in Capital Gains Tax or Invest for Growth? Experts Explain the Trade-Off

For investors deciding what to do with the proceeds of a property sale, avoiding...
Notification

CBDT Makes Form 173A Mandatory To Claim Tax Exemption On Govt. Securities Income

The Central Board of Direct Taxes (CBDT) has notified a new reporting requirement for...