April 7, 2026 : The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside reassessment proceedings initiated against Crystal Quinone Pvt. Ltd., holding that reliance on generalized third-party statements without establishing a direct nexus with the assessee is legally Read more…
February 24, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has held that even if purchase transactions are found to be accommodation entries, the entire purchase amount cannot be treated as unexplained expenditure under Section 69C of Read more…
February 13, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s appeals in the case of DCIT vs. Shri Irfan, affirming the deletion of a protective addition of ₹175.03 crore and an estimated Read more…
ITAT Mumbai, December 24, 2025 : The Mumbai Bench of the Income Tax Appellate Tribunal has struck down a reassessment that resulted in an addition of ₹2.70 crore against Kalpataru Projects International Ltd, holding that purchases cannot be branded as Read more…
January 13, 2026 : The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the assessment framed against M/s Malbros International Pvt. Ltd. for Assessment Year 2022–23, holding that the Assessing Officer committed a fundamental jurisdictional error by Read more…