April 7, 2026 : The Kolkata Bench of the Income Tax Appellate Tribunal has held that additions under Section 68 of the Income Tax Act cannot be deleted merely on the basis of documentary submissions without proper verification of the Read more…
Tag: income tax litigation India
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…
ITAT Ahmedabad: Section 115BBE 60% Rate Prospective; Cannot Be Invoked via Section 154 Rectification
March 26, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal, comprising Siddhartha Nautiyal (Judicial Member) and Narendra Prasad Sinha (Accountant Member), dismissed the Revenue’s appeal in Income Tax Officer v. Udayan Mandavia (I.T.A. No.154/Ahd/2026), holding that the Read more…