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ITAT invalidates Reassessment proceeding: No addition made by AO in respect of the issue for which reopening was made
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the reopening of the assessment was bad in law as the...


![ITAT Remands Case Back to CIT(A) for Fresh Adjudication Over Unsecured Loans of Rs.1.42 Crore [Read Order] ITAT Remands Case Back to CIT(A) for Fresh Adjudication Over Unsecured Loans of Rs.1.42 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Remands-Case-CITA-Unsecured-Loans-Fresh-Adjudication-Over-Unsecured-Loans-taxscan.jpg)
![₹3 Crores Gift from NRI Son to Mother Deemed Valid and Non-Taxable: ITAT Citing Donors Sufficient Funds [Read Order] ₹3 Crores Gift from NRI Son to Mother Deemed Valid and Non-Taxable: ITAT Citing Donors Sufficient Funds [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-ITAT-Citing-Donors-Gift-from-NRI-Son-to-Mother-Non-Taxable-Donors-Sufficient-Funds-taxscan.jpg)



![ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order] ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Chennai-ITAT-Income-Tax-Cash-Credit-taxscan.jpg)
![ITAT directs AO to delete Additions u/s68, confirming Source of Investment [Read Order] ITAT directs AO to delete Additions u/s68, confirming Source of Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Assessing-Officer-ITAT-Directs-Income-Tax-Appellate-Tribunal-section-68-of-the-Income-Tax-Act-Confirming-Source-of-Investment-taxscan-2.jpg)
![Revisionary Proceedings u/s 263 Income Tax Act cannot be invoked merely on Stock Valuation on Second Opinion: ITAT [Read Order] Revisionary Proceedings u/s 263 Income Tax Act cannot be invoked merely on Stock Valuation on Second Opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Income-Tax-Section-263-Income-Tax-Act-Stock-valuation-opinion-Stock-valuation-second-opinion-ITAT-taxscan.jpg)
![Re-Deposits of Cash in Hand during Demonetisation: ITAT deletes ₹18.25 Lakh Addition [Read Order] Re-Deposits of Cash in Hand during Demonetisation: ITAT deletes ₹18.25 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Cash-Deposit-Re-deposit-during-Demonitisation-TAT-deletes-Addition-Income-Tax-taxscan.jpg)
![Unexplained Cash Deposit during Demonetization: ITAT directs Assessee to Establish Genuineness [Read Order] Unexplained Cash Deposit during Demonetization: ITAT directs Assessee to Establish Genuineness [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Unexplained-cash-deposit-Demonetization-Unexplained-income-during-demonetization-taxscan.jpg)
![CIT(A) Erroneous in dismissing Appeal for Non-Compliance w/o Addressing Merits: ITAT [Read Order] CIT(A) Erroneous in dismissing Appeal for Non-Compliance w/o Addressing Merits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-CITA-Erroneous-in-Dismissing-Appeal-Addressing-Merits-Commissioner-of-Income-Tax-taxscan.jpg)