Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Unutilised Charitable Accumulation Due to Court Injunction Not Taxable and Reopening Invalid: ITAT Delhi in DCIT (Exemption) v. Ishan Educational Research Society
The Income Tax Appellate Tribunal, Delhi Bench,
dismissed the appeal filed by the Revenue and allowed the cross-objection of
the assessee, holding that the unutilised accumulated funds pertaining to
Assessment Year 20...
Ex-Parte Assessment and Appellate Order Violative of Natural Justice—Delay Condoned and Matter Remanded: ITAT Delhi in Vijay Singh v. ITO
The
assessee filed an appeal along with an application seeking condonation of delay
of 611 days against the order dated 28 September 2023 passed by the
Commissioner of Income Tax (Appeals), National Faceless Appeal Ce...
Reassessment on a Deceased Person Is Void Ab Initio: ITAT Delhi in SUDISH KUMAR,DELHI VS. COMMISSIONER OF INCOME-TAX (APPEALS) INCOME TAX DEPARTMENT, DELHI
In
Sudish Kumar v. Commissioner of Income Tax (Appeals) (ITAT Delhi, order
dated 09 January 2026), the Delhi Bench of the Income Tax Appellate Tribunal
examined the legality of reassessment proceedings initiated under...
CIT(A) Cannot Direct Reassessment under Section 147 After Quashing Section 153A Assessment: ITAT Delhi in Best Bull Stock Trading Pvt. Ltd. v. ACIT
The Income Tax Appellate Tribunal, Delhi Bench,
allowed the appeals filed by the assessee and held that the Commissioner of
Income Tax (Appeals) exceeded his jurisdiction in directing the Assessing
Officer to initiate...
Bogus Sales and Purchases—Only Profit Element Taxable: ITAT Delhi in T.C. AGRO FOOD INDUSTRIES,HARYANA VS.INCOME TAX OFFICER, WARD-1, KARNAL, HARYANA
In T. C.
Agro Food Industries v. Income Tax Officer, Ward-1, Karnal (ITAT Delhi,
order dated 09 January 2026), the Delhi Bench of the Income Tax Appellate
Tribunal adjudicated upon the taxability of alleged bogus sale...
Assessment under Section 153C Quashed Where No Mandatory Notice Issued and Satisfaction Recorded Mechanically: ITAT Delhi in White Orchid Hospitality (P) Ltd. v. DCIT
The
assessee company filed an appeal against the order passed by the Commissioner
of Income Tax (Appeals)-30, New Delhi, arising out of an assessment order dated
07.09.2022 passed under section 153C read with section ...
Reassessment Beyond Three Years Invalid Without Escaped Asset Income: ITAT Delhi in Brij Bhushan Gupta Vs. Assistant Commissioner of Income Tax
In
Assistant Commissioner of Income Tax v. Brij Bhushan Gupta (ITAT Delhi,
order dated 09 January 2026), the Delhi Bench of the Income Tax Appellate
Tribunal examined the validity of reassessment proceedings initiated...
Belated Return Does Not Bar Concessional Tax under Section 115BAA If Form 10-IC Filed in Time: ITAT Mumbai in Vashishtha Luxury Fashion Ltd. v. DDlT
The
assessee, a domestic company engaged in the business of designing and
manufacturing hand-embroidered apparel, filed its return of income for
Assessment Year 2023-24 declaring total income of ₹1,27,35,880 and opt...
Receipts from Providing Shooting Locations Cannot Be Treated as House Property Income Without Proper Verification: ITAT Mumbai in Shiva Ramprasad Nirmal v. ITO
The
assessee, an individual, filed an appeal against the order passed by the
National Faceless Appeal Centre for Assessment Year 2020–21, wherein an
addition of ₹25,58,770 was sustained by treating receipts as inc...
Bogus Purchases Cannot Be Fully Disallowed Where Corresponding Sales Exist—Only Embedded Profit Taxable: ITAT Mumbai in S R Jewels v. ITO
The
assessee, a partnership firm engaged in the diamond trade, filed an appeal
against the order of the National Faceless Appeal Centre for Assessment Year
2009–10, whereby an addition of ₹49,21,400 was sustained ...