Read all Latest Updates on and about section 153A of the Income Tax Act

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₹1.38 Cr Income Tax Addition on Unaccounted Profit from Business Transaction: ITAT Directs Fresh Adjudication by CIT(A) [Read Order]

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench, has restored a matter relating to an addition of ₹1,38,66,386 made on account of alleged...

‘Base Note’ from French Govt. is Not Incriminating Material for Income Tax Addition u/s 153A: Bombay...

ITAT Weekly Round-up

No Incriminating Material: ITAT Quashes Search Assessments over Mechanical 153D Approval, Deletes...

Property Attachment Cannot Continue Once ITAT Order Attains Finality and Dues Are Cleared: Madras HC...

Mechanical Approval u/s. 153D Ispo Facto Invalidates Search Assessments: ITAT Grants Relief to Tavleen Resorts [Read Order]

The Bench of the Income Tax Appellate Tribunal, Delhi, has held that assessments framed under Section 153A of the Income Tax Act, 1961, based on mechanical approval under Section 153D, are invalid...

Income Tax Additions Not Valid Without Incriminating Material Found During Search: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) held that income tax additions are not valid without incriminating material found during a search.Akshaya Vinimay Pvt....

ITAT rejects Cable Operator's Plea, Upholds ₹5.2 Lakh Income Addition from Seized Records [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cochin bench, has dismissed the appeal filed by a cable operator, upholding the addition of ₹5.22 lakh as undisclosed advertisement income based on...

Additions u/s 153A for Unabated Years Set Aside in Absence of Incriminating Material: ITAT Remands as Assessee was under Judicial Custody [Read Order]

The ITAT Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has set aside additions made under Section 153A of the Income Tax Act, 1961 for Assessment Years (AYs) 2017-18 and 2018-19,...

Section 9(a)(i) Bars Vivad Se Vishwas Scheme Relief in Search Cases Exceeding ₹5 Crore Disputed Tax: Madras HC [Read Order]

In a recent decision, the Madras High Court upheld the rejection of declarations filed under the Direct Tax Vivad Se Vishwas Act, 2020, holding that Section 9(a)(i) of the Act bars relief in...

No Addition u/s 153A for Completed Assessments without Incriminating Material Found During Search: ITAT [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) held that additions under Section 153A of the Income Tax Act, 1961 cannot be made in respect of completed assessments unless incriminating...

No Income Tax Assessment Beyond 10-year limit u/s153A: ITAT favours Assessee [Read Order]

The New Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently quashed an assessment order passed by the Assessing Officer holding that the assessment year was beyond the ten-year outer...