The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s appeal in DCIT v. Bharat Kalia, holding that no addition under Section 50CA of the Income Tax Act, 1961 can be made where the sale consideration Read more…
Tag: income tax tribunal rulings
April 7, 2026 : The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside reassessment proceedings under Section 147 of the Income Tax Act, holding that the Assessing Officer (AO) cannot sustain additions on a ground entirely different from Read more…
March 18, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that transactions duly recorded in the regular books of account and supported by banking evidence cannot be treated as bogus expenditure merely on the Read more…