The tribunal ruled that section 263 cannot be invoked merely because the Commissioner believes further enquiry was possible.

The tribunal ruled that rejecting books and estimating profits bars further item-wise disallowances. Authorities cannot “blow ...

NCLT Mumbai held that since existence of financial debt and default thereon is established, application filed under section 9 ...

The Tribunal observed that the purpose of revision is to protect revenue interests. When no tax demand arises in consequential proceedings, the revision order no longer calls for ...

The Tribunal ruled that where more than three years have elapsed, sanction must come from the Principal Chief Commissioner. Approval by the Principal Commissioner renders the reassessment void ab ...

The Tribunal set aside the appellate order after finding that no enquiry was conducted despite clear evidence in Form 26AS. The ruling underscores that undisputed pension income cannot be ignored ...

The Tribunal dismissed the appeals as time-barred since no application for condonation of delay was filed despite repeated opportunities. In the absence of any explanation, the appeals were held not ...

The court relied on a video recording, attesting witness testimony, and medical certification to confirm soundness of mind. Digital evidence was accepted as reliable corroboration of Will ...

ITAT Mumbai ruled that for redeveloped flats, the allotment date marks acquisition, confirming long-term capital gains eligibility under section 54, despite later ...

ITAT Pune condoned an 897-904 day delay in appeals, holding the delay was unintentional and due to incorrect guidance. The case highlights that bona fide professional errors can justify condonation of ...

The Mumbai ITAT allowed the appeal of M/s U.S. Reality Pvt. Ltd. for AY 2010-11 for statistical purposes and set aside the order of the CIT (A) due to serious factual and chronological inconsistencies ...

Mumbai ITAT upholds deletion of ₹70 lakh under Section 69, ruling that uncorroborated WhatsApp scribbles from a third party cannot establish unexplained cash ...