ITAT Surat relied on precedents (Hari Gopal, Marksans Pharma, Boparai P. Ltd.) to hold that ad-hoc or percentage-based additions do not trigger Section 271(1)(c) penalty. Appeal allowed, penalty ...

Court held that a consolidated SCN covering different financial years violates Section 73 and renders related demand orders void. Fresh notices may be issued within extended ...

The ITAT Pune remanded a case where the first appellate authority dismissed an appeal ex-parte.  taxpayers must be given a fair hearing before dismissal, reinforcing the principle of natural ...

Learn how to manage your new credit card responsibly. From timely payments to avoiding unnecessary cash withdrawals, these ...

CIT(A) set aside penalties imposed for violations of Sections 269SS and 269T, as they were issued beyond the statutory limitation period. The ruling reaffirms that late penalty orders are invalid even ...

The Tribunal held that once the assessee provided prima facie evidence of identity, creditworthiness, and genuineness, the ...

The assessee’s claim of ₹98.4 lakh as selling expenses on property sale was disallowed by AO and upheld by CIT(A) without proper reasoning. ITAT remanded the case to ensure a detailed, reasoned ...

Appeal delayed by 252 days due to counsel’s oversight was condoned by ITAT citing reasonable diligence. Tribunal then reduced unexplained cash addition under Section 69A to ₹1.8 lakh using a fair ...

The ITAT deleted Rs. 59.39 lakh added under Section 69A, holding that the assessee’s cash deposits during demonetisation were fully explained via cash books and bank statements. The ruling reinforces ...

The Tribunal held that the penalty under Section 271B must be deleted because the quantum addition on which it depended was no longer in existence. With the foundational assessment gone, the penalty ...

The ITAT Rajkot ruled that exporters with turnover below ₹10 crore are equally eligible for 80HHC deductions, following the Supreme Court’s Avani Exports ratio. The Tribunal held that retrospective ...

SC ordered Department to comply with High Court directions and issue C-Forms and F-Forms after verification of indemnity bonds, leaving legal questions open for future ...