ITAT Ahmedabad holds that mere increase in cash deposit-to-turnover ratio during demonetization does not justify addition under Section 68 if books are maintained and sales are verified.
ITAT Pune rules that ex-parte appellate orders under Section 250(6) must contain reasoned decisions on merits, not mere dismissal for non-prosecution. Key implications for tax litigation.
ITAT Ahmedabad rules that assessment orders under Section 144 without proper notice or hearing opportunity violate natural justice principles, remanding cases for fresh adjudication.
ITAT sets aside CIT(A) order for dismissing appeal on delay grounds, remands case for fresh consideration with opportunity to file condonation application.
ITAT Chandigarh holds that re-opening under Section 147 requires more than portal data; AO must possess concrete material to form belief of escaped income.
ITAT Mumbai holds that penalty proceedings under Section 270A of the Income Tax Act are independent of quantum proceedings, requiring separate examination of explanations.
ITAT Bangalore rules that cost of improvement in capital gains computation cannot be disallowed merely for lack of documents. Assessing Officer must verify claims through valuation.
ITAT holds that reassessment proceedings under Section 148 are barred if escaped income is below ₹50 lakh and notice issued after March 31, 2021, for AY 2014-15. Key limitation rule clarified.
ITAT Delhi holds that Section 69C cannot be invoked under revision proceedings if AO disallows purchases as bogus under Section 37(1), clarifying statutory boundaries.
ITAT Chennai holds that credit card debits cannot be taxed as unexplained cash credits under Section 68; assessment must focus on factual verification within limited scrutiny scope.
ITAT Delhi holds that final assessment orders beyond 33-month statutory limit under Section 153 read with Section 144C are void, reinforcing strict compliance with tax timelines.
ITAT Delhi holds that for Section 153C proceedings, the ten-year block period begins from the date the AO records satisfaction upon receiving seized documents, not the search date.
ITAT Delhi quashes assessment issued to deceased assessee, holding that notices under Section 153A must be issued to legal representatives post-death.
ITAT holds that reopening under Section 147 requires tangible material linking income escapement to the assessment year; mere information from investigation wing is insufficient.
ITAT Delhi holds that once loan genuineness is accepted in prior years, interest on carry-forward loans cannot be disallowed under Section 36(1)(iii) or treated as unexplained income under Section 69A.