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HomeDirect TaxMere ‘Insight Portal’ Inputs Held Insufficient to Sustain Rs. 89.28 Lakh Addition:...

Mere ‘Insight Portal’ Inputs Held Insufficient to Sustain Rs. 89.28 Lakh Addition: ITAT

Direct Tax

Published on

By Mariya Paliwala
ITAT

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The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside a reassessment initiated under Sections 147/148 of the Income-tax Act, 1961, holding that reopening based solely on generalized “high-risk transaction” inputs from the Insight Portal, without specific linkage or independent inquiry, is legally unsustainable. The bench of Dr. B.R.R. Kumar (Vice-President) and TR Senthil…

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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.

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