![CIT(A) Confirms Addition on unexplained Share Investments due to Lack of Evidence: ITAT Directs Taxpayer to Furnish Proof, Remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Addition-on-Unexplained-Share-Investments-ITAT-case-on-Share-Investments-TAXSCAN.jpg "CIT(A) Confirms Addition on unexplained Share Investments due to Lack of Evidence: ITAT Directs Taxpayer to Furnish Proof, Remands Matter [Read Order]")
CIT(A) Confirms Addition on unexplained Share Investments due to Lack of Evidence: ITAT Directs Taxpayer to Furnish Proof, Remands Matter [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter concerning the addition of unexplained investments in shares,...
![No Extended Period to Reopen Income Tax Assessment after 10 months from Limitation: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Extended-Period-reopen-Income-Tax-Assessment-Income-Tax-taxscan.jpg "No Extended Period to Reopen Income Tax Assessment after 10 months from Limitation: Bombay HC [Read Order]")
![Setback to Titan as ITAT confirms Legality of Reopening Assessment u/s 147 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chennai-Income-Tax-Income-Tax-Appellate-Tribunal-Reopening-Assessment-TAXSCAN.jpg "Setback to Titan as ITAT confirms Legality of Reopening Assessment u/s 147 [Read Order]")
![Objections to Draft Assessment Order filed beyond Statutory Time Limit: ITAT restores matter to DRP for Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Dispute-Resolution-Panel-DRP-DRP-for-Verification-taxscan.jpg "Objections to Draft Assessment Order filed beyond Statutory Time Limit: ITAT restores matter to DRP for Verification [Read Order]")
![Reassessment under Income Tax must be on Concrete Evidence and not Speculation: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-HC-Delhi-High-Court-Income-Tax-Section-148-of-the-Income-Tax-Act-Concrete-Evidence-taxscan.jpg "Reassessment under Income Tax must be on Concrete Evidence and not Speculation: Delhi HC [Read Order]")
Validity of Reopening u/s 148 for Verification Purposes: ITAT quashes Reopening as Legally Invalid [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the reopening of the case under section 148 of Income Tax Act,1961 ruling that the reassessment initiated for verification purposes...
![Validity of Reopening u/s 148 for Verification Purposes: ITAT quashes Reopening as Legally Invalid [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITATDelhi-section-148-of-Income-Tax-Act-Income-Tax-ITAT-Quashes-Reopening-Income-Tax-Appellate-Tribunal-taxscan.jpg "Validity of Reopening u/s 148 for Verification Purposes: ITAT quashes Reopening as Legally Invalid [Read Order]")
ITAT Sets Aside Ex-Parte Order, Remands Case for Reassessment Due to Non-Compliance and Lack of Proper Opportunity for Hearing [Read Order]
Recently, the Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) set aside an ex-parte order and remanded a case to the Assessing Officer (AO) for reassessment as the assessee was denied a...
![ITAT Sets Aside Ex-Parte Order, Remands Case for Reassessment Due to Non-Compliance and Lack of Proper Opportunity for Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Remands-Case-for-Reassessment-Non-Compliance-and-Lack-of-Proper-Opportunity-Opportunity-for-Hearing-National-Faceless-Appeal-Centre-Assessing-Officer-Income-Tax-Appellate-Tribunal-Taxscan.jpg "ITAT Sets Aside Ex-Parte Order, Remands Case for Reassessment Due to Non-Compliance and Lack of Proper Opportunity for Hearing [Read Order]")
Ex Parte Assessment Order u/s 144 Passed by upholding Addition of unexplained Investment: ITAT Restores matter Considering Old Age of Assessee [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) restored the ex parte assessment order passed under section 144 of the Income tax passed considering old age of assessee. Through the...
![Ex Parte Assessment Order u/s 144 Passed by upholding Addition of unexplained Investment: ITAT Restores matter Considering Old Age of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-New-Delhi-Income-Tax-Income-Tax-News-section-144-Taxscan.jpg "Ex Parte Assessment Order u/s 144 Passed by upholding Addition of unexplained Investment: ITAT Restores matter Considering Old Age of Assessee [Read Order]")
No Material Relating to Assessee Found during Search: ITAT upholds Reassessment u/s 147 [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the reassessment under section 147 of Income Tax Act,1961, stating that no material directly relating to the assessee was found...
![No Material Relating to Assessee Found during Search: ITAT upholds Reassessment u/s 147 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Section-147-of-Income-Tax-Act-taxscan.jpg "No Material Relating to Assessee Found during Search: ITAT upholds Reassessment u/s 147 [Read Order]")
ITAT Relies on Jet Airways Judgment: Quashes ₹3.98 Crore Addition for Lack of Original Grounds [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal of the assessee, relying on the landmark judgment of Bombay High Court in the case of  CIT vs. Jet Airways (I) Ltd., and...
![ITAT Relies on Jet Airways Judgment: Quashes ₹3.98 Crore Addition for Lack of Original Grounds [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Jet-Airways-Judgment-taxscan.jpg "ITAT Relies on Jet Airways Judgment: Quashes ₹3.98 Crore Addition for Lack of Original Grounds [Read Order]")
ITAT invalidates PCIT's S.263 Revision Order Issued in Deceased Taxpayer's Name Due to Procedural Lapses [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) invalidated the Principal Commissioner of Income Tax ( PCIT )'s Section 263 revision order issued in the name of a deceased taxpayer,...
![ITAT invalidates PCITs S.263 Revision Order Issued in Deceased Taxpayers Name Due to Procedural Lapses [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Invalidates-PCITs-Principal-Commissioner-of-Income-Tax-Income-Tax-Appellate-Tribunal-taxscan.jpg "ITAT invalidates PCITs S.263 Revision Order Issued in Deceased Taxpayers Name Due to Procedural Lapses [Read Order]")