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Justice Sudhir Kumar

Reopening of Assessment u/s 147: ITAT upholds CIT(A) Decision, Finds Reassessment Beyond Jurisdiction [Read Order]

Sneha Sukumaran Mullakkal

The Delhi Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Income Tax(Appeals)[CIT(A)] decision in deleting the additions...

Late Filing of Form 10B for Exemption Claim u/s 11: ITAT Allows Claim Based on Submission Before...

ITAT Deletes Penalty u/s 271D: Penalty Held Invalid as Section 153C Assessment Quashed due to Lack...

CIT(A) Deleted Income Tax Additions w/o Considering AO's Observations: ITAT Remands Matter Back for...

AO’s Mistaken Presumption of Personal Expenditure instead of Personnel Expenditure: ITAT deletes...

ITAT dismisses Revenue’s Appeal as Assessment Order Invalid due to Expiry of Statutory Time Limit u/s 201 [Read Order]

In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) held that the assessment order passed by the Assessing Officer ( AO ) was invalid due to the expiry of the statutory...

ITAT Rules Compensation for Delayed Property Delivery as Capital Receipt, Not Taxable [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT )ruled that the compensation of Rs.5,947,940 received by the assessee from Jaypee Greens Greater Noida for the delayed delivery of a property...

No Representation from Assessee Side: ITAT quashes Appeal [Read Order]

In a recent case before Income Tax Appellate Tribunal (ITAT), New Delhi the assessee’s appeal was dismissed due to absence of representation in the appeals filed in previous assessment years. The...

Assessment against Non-Existent Entity cannot be Cured by Invoking S. 292 Income Tax Act: ITAT [Read Order]

In a recent case before Income Tax Appellate Tribunal ( ITAT ), New Delhi it was ruled that an assessment against a non-existent entity cannot be rectified by invoking Section 292 of the Income Tax...

ITAT quashes Reassessment due to Invalid S.148 Notice, Deletes ₹6.93 Crore Additions [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the reassessment initiated under an invalid notice issued under Section 148 of the Income Tax Act,1961 and deleted additions...

AO Levied Penalty u/s 271AAB for Alleged Undisclosed Income during Search: ITAT deletes Penalty due to Lack of Clear Evidence [Read Order]

The New Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the penalty levied under Section 271AAB of the Income Tax Act, 1961 for alleged undisclosed income during the search. The...

Penalty u/s 270A cannot be Imposed if Assessed and Processed Income are Same: ITAT Quashes Penalty on S. 43B Disallowances [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the penalty under Section 270A of Income Tax Act,1961 cannot be imposed when the assessed income matches the income determined in...