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Bogus Purchase Addition Restricted to Profit Element – ITAT Chennai Upholds GP Estimation in ACIT vs EI Instrumentation Pvt. Ltd.
The
appeal filed by the Revenue was directed against the order passed by the
Commissioner of Income Tax (Appeals) for Assessment Year 2018-19. The assessee,
EI Instrumentation Private Limited, is engaged in the busine...
Reassessment Notice Issued by Jurisdictional AO Invalid under Faceless Scheme—Assessment Quashed: ITAT Chennai in All India Insurance Pensioners Association v. ITO
The
assessee, a registered association of insurance pensioners, preferred an appeal
against the order passed by the Commissioner of Income Tax (Appeals), National
Faceless Appeal Centre, for Assessment Year 2019-20. T...
Ex-Parte Assessment and Dismissal for Non-Prosecution Set Aside—Matter Remanded for De Novo Assessment: ITAT Lucknow in Uma v. ITO
The
assessee filed an appeal against the appellate order dated 12 September 2025
passed by the Additional/Joint Commissioner of Income Tax (Appeals) for
Assessment Year 2015-16. The assessment in the present case was ...
Adjustment under Section 143(1) Based Solely on Audit Report Requires Factual Verification—Matter Remanded: ITAT Lucknow in Surya International Pvt. Ltd. v. CPC
The
assessee company filed an appeal against the order passed by the
Additional/Joint Commissioner of Income Tax (Appeals) for Assessment Year
2020–21, whereby adjustments made through intimation under section 143(1...
Appeal Dismissed In Limine for Failure to Cure Procedural Defects—Liberty Granted for Restoration: ITAT Lucknow in Manish Kumar Singh v. ITO
The
assessee filed an appeal before the Income Tax Appellate Tribunal, Lucknow
Bench, against the order dated 29 March 2025 passed by the Additional/Joint
Commissioner of Income Tax (Appeals) for Assessment Year 2010-...
Section 68 Additions on Unsecured Loans Remanded for Fresh Verification after Admission of Additional Evidence: ITAT Lucknow in Jyoti Gyanchandani v. ITO
The
assessee filed an appeal against the order passed by the National Faceless
Appeal Centre, Delhi, for Assessment Year 2021–22. The assessment was framed
after scrutiny proceedings, wherein the Assessing Officer m...
Cash Deposits During Demonetisation Held Unexplained Where Sales and Stock Not Proved—Addition under Sections 69A & 115BBE Sustained: ITAT Lucknow in Gurdas Mal Arora v. AO
The
assessee, an individual engaged in the business of trading in gold and diamond
jewellery under the name and style of M/s Pankaj Chain & Jewellers, filed
his return of income for Assessment Year 2017-18 declari...
Reopening under Section 150 Valid When Pursuant to CIT(A)’s Direction—Unsecured Loan Addition Deleted on Merits: ITAT Lucknow in Alok Kumar Rungta v. NFAC
The
assessee preferred an appeal against the order passed by the Commissioner of
Income Tax (Appeals) / National Faceless Appeal Centre for Assessment Year
2014-15. The assessee challenged both the validity of reasses...
Reassessment Quashed for Procedural Lapses: AO's "Inadvertent" Error Proves Fatal, Abhishek Jayketu Joshi Vs AC CIR-42(2)(1), Mumbai,
Reassessment Quashed for Procedural Lapses: AO's "Inadvertent" Error Proves FatalThe recent ruling of the ITAT Mumbai in ITA No. 5775/Mum/2025 (order dated 13.01.2026) serves as an important precedent for cases involving...
Penalty Under Section 271B Not Leviable Where Reasonable Cause Exists for Delay in Audit Report Filing: ITAT Chennai in Shark Dyeing Mills v. ITO
The Chennai Bench of the Income Tax Appellate Tribunal
examined whether penalty imposed under Section 271B of the Income Tax Act, 1961
for failure to furnish the tax audit report within the prescribed time was
sustain...