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Income Tax Assessment

Income Tax Addition Based Solely on Third Party Digital Evidence without any Corroborating Evidence Unsustainable: ITAT [Read Order]

The Income Tax AppellateTribunal (ITAT) Chandigarh Bench has deleted a substantial addition to the Income of the assessee, amounting to ₹1.7 Cr and...

Beware! Fraudulent ‘Income Tax Assessment Order’ Emails Are Circulating

Balance Sheet Sufficient for Income Tax Assessment for S.69, No Supporting Evidence for S.80...

Budget 2026: Income Tax Assessments Not to be Invalidated for DIN Errors, New Section Added [Read...

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

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...

Income Tax Reassessment Passed in Violation of Calcutta HC Stay: SC dismisses SLP refusing to Condone 730-day Delay [Read Judgement]

In a recent ruling, the Supreme Court rejected the Income Tax Department’s plea for condonation of a 730-day delay in filing a Special Leave Petition against a Calcutta High Court judgment that had...

AO Cannot Invoke S.147/148 to Reopen Income Tax Assessment Solely on Search Material Without S.153C Satisfaction Note: Gujarat HC [Read Order]

The Gujarat High Court has ruled that a jurisdictional AO cannot invoke reassessment through Sections 147 or 148 of the Income Tax Act, 1961 exclusively based on the search material without...

Final Income Tax Assessment Passed beyond One Month from DRP directions Barred by Limitation: ITAT Quashes order [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) quashed a final assessment order because it was issued beyond the statutory period of one month from the end of the month in which the...

Draft Income Tax Assessment u/s 144C Issued Post-Amalgamation Invalid: Delhi HC Permits Fresh Action Against SMS India [Read Order]

The Delhi High Court invalidated a draft assessment order issued under Section 144Cof the Income Tax Act, 1961 for A.Y. 2022-23, after finding that the assessment was initiated in the name of an...

ITAT allows Assessee’s Plea of Farmhouse Construction from Funds Derived from Agricultural Activities, terms income “Undisclosed” [Read Order]

The Delhi Bench “A” of the Income Tax Appellate Tribunal (ITAT) has accepted the assessee’s claim that the construction of a farmhouse was funded through agricultural income and past savings, while...

Lack of Valid Approval under Section 153D: ITAT quashes Income Tax Assessment [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench has quashed an assessment order passed against assessee Paramasivam Mahalingam for the Assessment Year (AY) 2014-15, holding that the ...