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Search Assessments under Income Tax Unsustainable where Approval is Mechanical u/s 153D: ITAT [Read Order]

The Patna Bench of the Income Tax Appellant Tribunal ( ITAT ) has held that search assessments under Section 153A of the Income Tax Act, 1961,...

Vodafone Distributor Fails to Explain ₹51.80 Lakh Cash Deposits: ITAT Upholds 8% Income Estimation...

Cash Payment for Joint Flat Bought with Wife Explained through Bank Records: ITAT Deletes ₹5.25 Lakh...

Airline Liable to Deduct TDS on Supplementary Commission Paid to Travel Agents, Revenue Can Recover...

Relief to Honda India: ITAT quashes Income Tax Assessment Order passed beyond Limitation Period u/s...

No S. 50C Addition When Sale Price Exceeds Stamp Value: ITAT Deletes Addition Caused by Typographical Error in Dept Records [Read Order]

In a recent rulling the Income Tax Appellate Tribunal (ITAT) Surat bench deleted ₹19 Lakh Addition after finding that the Assessing Officer had relied on incorrect departmental records arising from...

S.144C DRP Proceedings Cannot Extend Limitation u/s 153: ITAT Quashes Time-Barred Income Tax Assessment in Motorola Case [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that proceedings undertaken by Dispute Resolution Panel (DRP) under Section 144C of the Income Tax Act, 1961 do not override or...

Land Sale Allegation Based on Insight Portal Collapses: ITAT Quashes Income Tax Reassessment [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings initiated against asessee holding that reopening based solely on unverified insight portal...

HUF’s Entitlement to ₹9.32 Lakh TDS Credit Requires Proof Members Did Not Claim It: ITAT Remands Matter for Verification [Read Order]

In a recent ruling, the Agra bench of the Income Tax Appellate Tribunal (ITAT) held that credit on Tax Deducted at Source (TDS) claimed by a Hindu undivided family (HUF) cannot be denied...

ROC Strike-Off Does Not Invalidate Reassessment where S.148 Notice Predates It: ITAT [Read Order]

The Income Tax Appellate Tribunal, Surat (ITAT) held that reassessment proceedings are not rendered invalid merely because the assessee company’s name was subsequently struck off by the Registrar...

ITAT Rules ₹1.62 Cr Bogus Purchase Addition Based on WhatsApp Chats and Ex-Employee Statements as Unsustainable [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) held that additions towards alleged bogus purchases, made solely on the basis of WhatsApp chats and statements of former employees...

Post-Finance Act, 2021 Search Assessments Must Follow S.148 Regime: ITAT Quashes Income Tax Assessment [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) held that for searches conducted after 1 April 2021, assessments for the years immediately preceding the search must mandatorily...

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