When the original reason fails, the AO cannot make any other addition in a reassessment proceeding: ITAT
Addition done during assessment is invalid if it is done without waiting for the DVO Report: ITAT Ahmedabad
Purchase from Government – No addition under Section 56(2)(x) for purchase below stamp duty valuation: ITAT
5 Years vs. 6 Years Controversy for utilisation of accumulated amount for trust: ITAT Held that the CPC cannot apply statutory amendments retrospectively
Income Tax Department Sends SMS & Emails to 25,000 Taxpayers for Non-Disclosure of Foreign Assets: A Serious Wake-Up Call for AY 2025–26
It is incorrect to deny ITC to recipient/buyer for genuine purchase , for default in compliance to show sales in GSTR 1 by supplier
Merely because a registered sale deed was not executed, the genuineness of consideration received under agreement to sell cannot be doubted
Section 153C arises only upon timely recording of satisfaction. If this foundational step is delayed without justification, subsequent actions lose legal validity: Gujarat HC
Raipur ITAT on Penny Stock Addition: Not permissible mechanically without any direct evidence showing the assessee’s involvement in rigging or providing/receiving accommodation entries
To have rectification power of ITAT under section 254(2), an issue must be self-evident without need for elaborate argument or re-examination.
What is not taxable under section 5(2) cannot be brought to tax indirectly through a deeming fiction under section 69.
Applicability of Section 54F When Assessee Holds a Jointly-Owned Residential Property: Legal Analysis, Case Law, and ITAT Delhi Ruling in Kusum Sahgal v. ACIT
