Laksita P
![Property Transferred Prior to Attachment, Director Not Liable While Company Is in Existence: Madras HC Directs Registration Without NOC [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127537-property-transferred-prior-to-attachmentjpg.webp "Property Transferred Prior to Attachment, Director Not Liable While Company Is in Existence: Madras HC Directs Registration Without NOC [Read Order]")
Property Transferred Prior to Attachment, Director Not Liable While Company Is in Existence: Madras HC Directs Registration Without NOC [Read Order]
The Madras High Court held that an attachment order issued after the transfer of the property cannot be sustained in law and that no personal...
![No Disallowance u/s 14A Where No Exempt Income Earned: ITAT Upholds Deletion of ₹15.42 Cr Addition for Adani Logistics [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127547-itat-ahmedabad-disallowance-exempt-income-adani-logistics-income-tax-addition-taxscan.webp "No Disallowance u/s 14A Where No Exempt Income Earned: ITAT Upholds Deletion of ₹15.42 Cr Addition for Adani Logistics [Read Order]")
![Madras HC condones 150 Days Delay in Filing GST Appeal Due to Unawareness of Order, Subject to Additional 10% Pre-Deposit [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127458-madras-hc-condones-delay-in-filing-gst-appeal-due-to-unawareness-of-order-pre-deposit.webp "Madras HC condones 150 Days Delay in Filing GST Appeal Due to Unawareness of Order, Subject to Additional 10% Pre-Deposit [Read Order]")
Notice Issued Post 01.04.2021 for AY 2015-16 is Barred by Limitation: ITAT Quashes Reassessment Order u/s 147 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, held that notice issued by the Assessing Officer (AO) after 1.04.2021 for Assessment Year (AY) 2015-16 was barred by limitation under ...
![Notice Issued Post 01.04.2021 for AY 2015-16 is Barred by Limitation: ITAT Quashes Reassessment Order u/s 147 [Read Order]](https://images.taxscan.in/h-upload/2026/02/27/2127332-itat-ahmedabad-reassessment-order-itat-reassessment-quashed-notice-barred-by-limitation-taxscan.webp "Notice Issued Post 01.04.2021 for AY 2015-16 is Barred by Limitation: ITAT Quashes Reassessment Order u/s 147 [Read Order]")
Assessee not Required to Prove Source of Source when Loan Repaid via Bank: ITAT Deletes Unsecured Loan Addition [Read Order]
The Income Tax Appellate Tribunal ( ITAT ),Ahmedabad Bench, held that the assessee, Kalptaru Cotton Industries, cannot be required to prove the source of source once the identity and genuineness of...
![Assessee not Required to Prove Source of Source when Loan Repaid via Bank: ITAT Deletes Unsecured Loan Addition [Read Order]](https://images.taxscan.in/h-upload/2026/02/26/2127259-assessee-not-required-to-prove-source-of-sourcejpg.webp "Assessee not Required to Prove Source of Source when Loan Repaid via Bank: ITAT Deletes Unsecured Loan Addition [Read Order]")
Mere Acceptance of SBN During Demonetization cannot be Treated as Unexplained Cash Credit when Cooperative Society Acts as Intermediary: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, held that cooperative societies accepting the Specified BankNotes (SBNs) during the demonetization period cannot be treated as...
![Mere Acceptance of SBN During Demonetization cannot be Treated as Unexplained Cash Credit when Cooperative Society Acts as Intermediary: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/26/2127179-mere-acceptancejpg.webp "Mere Acceptance of SBN During Demonetization cannot be Treated as Unexplained Cash Credit when Cooperative Society Acts as Intermediary: ITAT [Read Order]")
₹8.80 Cr Addition cannot be made Solely on Estimation and Extrapolation Without Corroborative Evidence: ITAT sets aside Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, held that the Assessing Officer (AO) has erred in making the addition amounting to ₹8,80,26,071 solely on estimation and extrapolation without...
![₹8.80 Cr Addition cannot be made Solely on Estimation and Extrapolation Without Corroborative Evidence: ITAT sets aside Addition [Read Order]](https://images.taxscan.in/h-upload/2026/02/26/2127174-addition-cannot-solely-estimation-extrapolation-without-corroborative-evidence-itat-sets-aside-addition-taxscan.webp "₹8.80 Cr Addition cannot be made Solely on Estimation and Extrapolation Without Corroborative Evidence: ITAT sets aside Addition [Read Order]")
Assessee made aware of Income Tax Demand only after SMS/Call from Dept.: ITAT condones 223 Day Delay [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, condoned a delay for filing an appeal by Agarwal Rajeshkumar Babulal HUF and Dahyabhai Ganeshbhai Kugasiya after noting that the appellant ...
![Assessee made aware of Income Tax Demand only after SMS/Call from Dept.: ITAT condones 223 Day Delay [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127016-itat-ahmedabad-assessee-income-tax-demand-sms-call-income-tax-dept-condones-delay-taxscan.webp "Assessee made aware of Income Tax Demand only after SMS/Call from Dept.: ITAT condones 223 Day Delay [Read Order]")
PCIT cannot Revise 80P Deduction on Bank Interest if AO Assessment not Erroneous or Prejudicial to Revenue: ITAT [Read Order]
The Income Tax Appellate Tribunal, BangaloreBench, held that the Principal Commissioner of Income Tax (PCIT) cannot revise the deduction under Section 80P of the Income Tax Act, 1961 in respect of ...
![PCIT cannot Revise 80P Deduction on Bank Interest if AO Assessment not Erroneous or Prejudicial to Revenue: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/22/2126684-pcit-bank-interest-ao-assessment-revenue-itat-taxscan.webp "PCIT cannot Revise 80P Deduction on Bank Interest if AO Assessment not Erroneous or Prejudicial to Revenue: ITAT [Read Order]")
