![AO Obtains Invalid Sanction for Reopening Assessment Beyond Three Years u/s 148: ITAT Quashes Notice and Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/2076905-reopening-assessment-taxscan.webp "AO Obtains Invalid Sanction for Reopening Assessment Beyond Three Years u/s 148: ITAT Quashes Notice and Proceedings [Read Order]")
AO Obtains Invalid Sanction for Reopening Assessment Beyond Three Years u/s 148: ITAT Quashes Notice and Proceedings [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT ) quashed the notice under section 148 of the Income Tax Act,1961 and reassessment...
![ITAT Dismisses Revenue’s Appeals in Absence of Incriminating Material in Unabated Assessments, Upholds Deletion of S.68 Additions of ₹ 2.71 Cr [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/2076875-itat-directs-ao-itat-taxscan-3.webp "ITAT Dismisses Revenue’s Appeals in Absence of Incriminating Material in Unabated Assessments, Upholds Deletion of S.68 Additions of ₹ 2.71 Cr [Read Order]")
![Assessments u/s 153C Quashed: ITAT Rules Notices for AY 2008-09 to 2012-13 Invalid Due to Limitation and Lack of Valid Satisfaction [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/2076390-2044201-mechanical-itat-assessment-application-of-mind-taxscan.webp "Assessments u/s 153C Quashed: ITAT Rules Notices for AY 2008-09 to 2012-13 Invalid Due to Limitation and Lack of Valid Satisfaction [Read Order]")
![Erroneous Double Addition of ₹13.32 Lakh in Income Computation: ITAT Directs AO to Correct and Recompute Taxable Income [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/2076398-tat-itat-rajkot-income-computation-error-cita-ao-taxscan.webp "Erroneous Double Addition of ₹13.32 Lakh in Income Computation: ITAT Directs AO to Correct and Recompute Taxable Income [Read Order]")
![ITAT Allows Use of Extrapolated Data for Comparables With Different Year-End in ITeS Transfer Pricing Dispute Involving Goldman Sachs [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/2076448-itat-mumbai-goldman-sachs-itat-case.webp "ITAT Allows Use of Extrapolated Data for Comparables With Different Year-End in ITeS Transfer Pricing Dispute Involving Goldman Sachs [Read Order]")
Relief for Goldman Sachs: ITAT Deletes ₹19.8 lakh TP Adjustment u/s 92CA as Margins Exceeds Comparables [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Goldman Sachs by deleting a ₹19.8 lakh transfer pricing adjustment under section 92CA of Income Tax Act,1961 as margins...
![Relief for Goldman Sachs: ITAT Deletes ₹19.8 lakh TP Adjustment u/s 92CA as Margins Exceeds Comparables [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/2076361-goldman-sachs-taxscan.webp "Relief for Goldman Sachs: ITAT Deletes ₹19.8 lakh TP Adjustment u/s 92CA as Margins Exceeds Comparables [Read Order]")
Unverified Sale Consideration Details: ITAT Remands Capital Gain Addition Matter for Reconsideration [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter for fresh adjudication and directed the CIT(A) to verify the assessee’s claims regarding the sale consideration...
![Unverified Sale Consideration Details: ITAT Remands Capital Gain Addition Matter for Reconsideration [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/2076364-capital-gain-addition-taxscan.webp "Unverified Sale Consideration Details: ITAT Remands Capital Gain Addition Matter for Reconsideration [Read Order]")
Non-Compliance with Statutory Notices and Absence of Verifiable Stock Evidence: ITAT Sustains ₹68.07 Lakh Addition as Unexplained Investment [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the addition of ₹68.07 lakh as unexplained investment under Section 69 of the Income Tax Act, 1961, was justified due to the...
![Non-Compliance with Statutory Notices and Absence of Verifiable Stock Evidence: ITAT Sustains ₹68.07 Lakh Addition as Unexplained Investment [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/2076357-unexplained-investment-taxscan.webp "Non-Compliance with Statutory Notices and Absence of Verifiable Stock Evidence: ITAT Sustains ₹68.07 Lakh Addition as Unexplained Investment [Read Order]")
Tax on Cash Deposits during Demonetization already filed under Other Sources: ITAT directs AO to Delete Addition u/s 115BBE [Read Order]
In a recent ruling, the Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer (AO) to delete the addition made under Section 115BBE of the Income Tax Act on...
![Tax on Cash Deposits during Demonetization already filed under Other Sources: ITAT directs AO to Delete Addition u/s 115BBE [Read Order]](https://images.taxscan.in/h-upload/2025/08/12/2076044-cash-deposit-taxscan.webp "Tax on Cash Deposits during Demonetization already filed under Other Sources: ITAT directs AO to Delete Addition u/s 115BBE [Read Order]")
Is DRP Procedure Bound by Time Limitation u/s.153? Split Verdict Leads Supreme Court Division Bench to Urge CJI to Form Specific Bench [Read Judgement]
The Supreme Court of India recently delivered a split verdict on whether the Dispute Resolution Panel (DRP) process under Section 144C of the Income Tax Act, 1961 must be completed within the...
![Is DRP Procedure Bound by Time Limitation u/s.153? Split Verdict Leads Supreme Court Division Bench to Urge CJI to Form Specific Bench [Read Judgement]](https://images.taxscan.in/h-upload/2025/08/11/2075691-supreme-court-taxscan.webp "Is DRP Procedure Bound by Time Limitation u/s.153? Split Verdict Leads Supreme Court Division Bench to Urge CJI to Form Specific Bench [Read Judgement]")
![Jammu & Kashmir and Ladakh HC stays Income Tax Order passed beyond statutory period [Read Order]](https://images.taxscan.in/h-upload/2025/08/11/2075542-income-tax-order.webp "Jammu & Kashmir and Ladakh HC stays Income Tax Order passed beyond statutory period [Read Order]")
"Order Without Any Reasons Is No Order in the Eyes of Law": Himachal Pradesh HC Quashes Reassessment Notice [Read Order]
In a recent ruling, the Himachal Pradesh High Court held that an order passed without giving reasons cannot be sustained in law. The court ruled that such an order is not valid and cannot be used to...
![Order Without Any Reasons Is No Order in the Eyes of Law: Himachal Pradesh HC Quashes Reassessment Notice [Read Order]](https://images.taxscan.in/h-upload/2025/08/06/2073561-reasssessment-notice-taxscan.webp "Order Without Any Reasons Is No Order in the Eyes of Law: Himachal Pradesh HC Quashes Reassessment Notice [Read Order]")