#income tax assessment

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Jan 30, 2026 • 06:00 PM

Assessment Orders Barred by Limitation | Section 153 and 144C Interplay : Income Tax Appellate Tribunal Delhi

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.

Section 69A Income Tax Act | Unexplained Gold Valuation Must Reflect Actual Cost, Not Market Rate : Income Tax Appellate Tribunal

Case Law Analysis

Jan 22, 2026 • 04:51 PM

Section 69A Income Tax Act | Unexplained Gold Valuation Must Reflect Actual Cost, Not Market Rate : Income Tax Appellate Tribunal

ITAT holds that unexplained gold under Section 69A must be valued at the assessee's actual cost price, not customs or market rate, setting a precedent for asset valuation in income tax assessments.

Section 68 Income Tax Act | Loan Repayment Before Scrutiny Establishes Genuineness : Income Tax Appellate Tribunal Delhi

Case Law Analysis

Jan 22, 2026 • 04:44 PM

Section 68 Income Tax Act | Loan Repayment Before Scrutiny Establishes Genuineness : Income Tax Appellate Tribunal Delhi

ITAT Delhi holds that repayment of loans with interest before scrutiny proceedings, coupled with banking trail, establishes genuineness under Section 68, overturning arbitrary additions.

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#income tax assessment

Assessment Orders Barred by Limitation | Section 153 and 144C Interplay : Income Tax Appellate Tribunal Delhi

Section 69A Income Tax Act | Unexplained Gold Valuation Must Reflect Actual Cost, Not Market Rate : Income Tax Appellate Tribunal

Section 68 Income Tax Act | Loan Repayment Before Scrutiny Establishes Genuineness : Income Tax Appellate Tribunal Delhi

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