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

Kavi Priya

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...

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

Presence of Incriminating Material on Record: ITAT Upholds Income Tax Proceedings U/s 153A [Read...

ITAT dismisses Appeals, Sustains Additions for Unexplained items Found During Search, Citing...

ITAT Rejects Appeal, Upholds Tax Additions due to Unaccounted Income [Read Order]

Disallowance of R&D Expense Deductions due to Missing DSIR Form 3CL: ITAT allows Full Deduction for 2016-17 [Read Order]

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) allowed full R&D expense deduction for the assessment year 2016-17, despite the assessee’s failure to submit the required Department of...

Compliance with S. 249(4)(b) of Income Tax is Mandatory: ITAT Rules Non-Payment of Advance Tax Bars Taxpayer's Right to Appeal [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that compliance with Section 249(4)(b) of the Income Tax Act is mandatory and failure to pay advance tax/self-assessment tax bars...

No Additions Permitted u/s 153A without Incriminating Material found during Search: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that no additions are permitted under Section 153A of the Income Tax Act,1961 without incriminating material found during a search. ...

CIT (A) and AO Fails to consider CBDT Guidelines on Cash Deposits during Demonetization Period: ITAT remands Case to AO for Fresh Consideration [Read Order]

The two-member bench of the Income Tax Appellate Tribunal (ITAT) in Bangalore remanded the case to the Assessing Officer (AO) for fresh consideration, highlighting that both the AO and the...

ITAT rejects 25% Addition for Unverifiable Purchases u/s 153A of Income Tax Act citing Incorrect GP Rate Estimation [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) rejected the 25% addition for unverifiable purchases under Section 153A of Income Tax Act, 1961 citing incorrect Gross Profit (GP) rate...

No Incriminating Material found during Search for Unabated AY: ITAT upholds Deletion of Additions [Read Order]

The Income Tax Appellate Tribunal (ITAT) Raipur Bench upheld the decision of Commissioner of Income Tax (Appeals) (CIT(A)) which deleted an Addition of 2.19 crore for the Assessment Year (AY)...

Assessment Order Passed under Income Tax Act Without Conducting Search And Seizure is not Valid: Punjab & Haryana HC [Read Order]

The Punjab and Haryana High Court has held that an assessment order passed under the Income Tax Act, 1961 without conducting search and seizure is not valid. The court concluded that it cannot...