ITAT Delhi held that cash-in-hand reflected in audited books remains valid even if no return was filed for the prior year, deleting the entire unexplained cash ...

Assessment order was quashed because ITO who issued the Section 143(2) notice exceeded their pecuniary limits as prescribed by CBDT instructions. This decision provides a key takeaway that the ...

The Delhi ITAT in Jain Textile Industries v ACIT upheld the validity of a Section 147 reopening, ruling that where specific issues like omitted interest income and capital expenditure on accessories ...

Tribunal ruled that the Section 148 notice issued on 29.07.2022 was beyond the limitation period under Section 149, following the Supreme Court’s Rajeev Bansal (2024) decision. Reassessment ...

The ITAT Delhi allowed the appeal of Vivaan Prakash, quashing the u/s 153C assessment for AY 2018-19. The Tribunal ruled that the single u/s 153D approval granted by the Addl. CIT for two assessment ...

The Delhi ITAT deleted a disallowance of Rs.1.22 crore, ruling that charges paid to the Stock Exchange for margin shortfall are regulatory fees, not penalties for offenses prohibited by law. Following ...

The ITAT Delhi ruled that Marketing & Reservation Contributions (MRC) received by a US-based hotel brand entity from Indian franchisees are not taxable as Fees for Technical Services (FTS) or Royalty ...

The Delhi ITAT deleted a Rs.18.01 lakh penalty levied under Section 271AAC(1), holding that once the underlying assessment order is set aside, the consequential penalty order cannot survive. The ...

The ITAT Pune ruled that a reassessment initiated under sec.147/148, even for non-filers who later filed a return, is void ab ...

Analysis of AI weaponization and the UN's effort to regulate "killer robots." Explores legal and ethical challenges, IHL ...

Citing lack of sufficient cause for condonation, the Tribunal ruled that even charitable entities cannot escape limitation rules, dismissing the appeal filed after over six ...

Ahmedabad ITAT quashes reassessments based on ACB report, ruling the AO lacked independent "reason to believe" and only used borrowed satisfaction. A void assessment cannot be revised under Section ...