Annual Digest 2024: Supreme Court and High Court Cases on Taxation [Part 23]
This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported at...
![Notice to Merged Entity Void ab intio: ITAT strikes down Income Tax Reassessment u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-ncome-Tax-Reassessment-Taxscan.jpg "Notice to Merged Entity Void ab intio: ITAT strikes down Income Tax Reassessment u/s 148 [Read Order]")
![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]")
![Non-Compliance due to Taxpayers Family Member’s ill-health: ITAT grants Hearing Opportunity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Non-Compliance-due-to-ill-health-TAXSCAN.jpg "Non-Compliance due to Taxpayers Family Member’s ill-health: ITAT grants Hearing Opportunity [Read Order]")
![Delay in filing SLP: Supreme Court grants Relief to Adani Power from IT Reassessment [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2024/12/Adani-Power-limited-Income-Tax-Income-tax-re-assessment-Delay-in-filing-SLP-Taxscan.jpg "Delay in filing SLP: Supreme Court grants Relief to Adani Power from IT Reassessment [Read Judgment]")
Madras HC orders Fresh Assessment Over Insufficient details on employee’s Cash Transactions [Read Order]
In a recent ruling, the Madras High Court ruled in favour of the assessee and ordered fresh assessment due to insufficient details in the assessment order on employee’s cash transactions. ...
![Madras HC orders Fresh Assessment Over Insufficient details on employee’s Cash Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Madras-HC-Madras-HC-orders-Assessment-Over-Insufficient-details-employees-Cash-Transactions-Fresh-Assessment-Over-Insufficient-details-Madras-High-Court-insufficient-details-Taxscaan-3.jpg "Madras HC orders Fresh Assessment Over Insufficient details on employee’s Cash Transactions [Read Order]")
![Failure to Adjudicate Issue u/s 148 of Income Tax Act: ITAT Remands Case to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Income-Tax-Section-148-of-Income-Tax-Act-taxscan.jpg "Failure to Adjudicate Issue u/s 148 of Income Tax Act: ITAT Remands Case to CIT(A) [Read Order]")
Assessment Year in Dispute falls beyond the period of Ten years stipulated u/s 149: Delhi HC Restrains Reassessment Proceedings [Read Order]
In a recent ruling, the Delhi High Court held that the assessment in question falled beyond the period of ten years stipulated under Section 149 of the Income Tax Act, 1961, and restrained the...
ITAT Deletes Rs. 4.82 Crore Addition as Unexplained Cash Credit, Citing Payments Linked to Genuine Sales Transactions [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 4.82 crore made as unexplained cash credit in the case of the assessee, citing payments linked to genuine sales...
![ITAT Deletes Rs. 4.82 Crore Addition as Unexplained Cash Credit, Citing Payments Linked to Genuine Sales Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Sales-Transactions-Cash-credit-addition-deletion-taxscan.jpg "ITAT Deletes Rs. 4.82 Crore Addition as Unexplained Cash Credit, Citing Payments Linked to Genuine Sales Transactions [Read Order]")
ITAT quashes Assessment Order for Time-Barred Reopening and Incorrect Ownership Assumption [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the assessment order against the assessee, citing a time-barred reopening of assessment and an incorrect assumption of property...
![ITAT quashes Assessment Order for Time-Barred Reopening and Incorrect Ownership Assumption [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Incorrect-Ownership-Assumption-Case-Taxscan.jpg "ITAT quashes Assessment Order for Time-Barred Reopening and Incorrect Ownership Assumption [Read Order]")
ITAT upholds CIT(A) Decision, Dismisses Revenue's Appeal Over Alleged Bogus Transactions [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (CIT) Appeals' decision to delete the addition under Income tax act made by the Assessing Officer...
![ITAT upholds CIT(A) Decision, Dismisses Revenues Appeal Over Alleged Bogus Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/income-tax-itat-Ahmedabad-income-tax-appeal-taxscan.jpg "ITAT upholds CIT(A) Decision, Dismisses Revenues Appeal Over Alleged Bogus Transactions [Read Order]")