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 TaxReassessment Invalid If No Addition Made on Recorded Reasons’; S. 68 Can’t...

Reassessment Invalid If No Addition Made on Recorded Reasons’; S. 68 Can’t Apply to Genuine Share Sale Proceeds: ITAT

Published on

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings for Assessment Year (AY) 2016–17 and deleted substantial additions made under Section 68 of the Income Tax Act for both AY 2016–17 and AY 2017–18 and held that the reassessment invalid if no addition made on recorded reasons. The bench of…

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

WHEN WELFARE TAKES A BACK SEAT: INTERIM CHILD CUSTODY, COMITY AND STEREOTYPICAL NOTIONS OF MATRIMONY

The Article “WHEN WELFARE TAKES A BACK SEAT: INTERIM CHILD CUSTODY, COMITY AND STEREOTYPICAL...

RBI Can Supersede Multi-State Co-operative Bank Board for Up to Five Years: Supreme Court

The Supreme Court has ruled that the Reserve Bank of India’s power to supersede...

Supreme Court Allows Energy Watchdog to Be Heard in Rs. 284.91 Crore Electricity Surcharge Dispute

The Supreme Court has refused to interfere with a Jharkhand High Court interim order...

Supreme Court Upholds Mandatory Performance Appraisal Reports for Teacher-Education Institutions

The Supreme Court has upheld the authority of the National Council for Teacher Education...

More like this

WHEN WELFARE TAKES A BACK SEAT: INTERIM CHILD CUSTODY, COMITY AND STEREOTYPICAL NOTIONS OF MATRIMONY

The Article “WHEN WELFARE TAKES A BACK SEAT: INTERIM CHILD CUSTODY, COMITY AND STEREOTYPICAL...

RBI Can Supersede Multi-State Co-operative Bank Board for Up to Five Years: Supreme Court

The Supreme Court has ruled that the Reserve Bank of India’s power to supersede...

Supreme Court Allows Energy Watchdog to Be Heard in Rs. 284.91 Crore Electricity Surcharge Dispute

The Supreme Court has refused to interfere with a Jharkhand High Court interim order...