Tag: ITAT rulings 2026

ITAT Chennai Deletes ₹60.60 Lakh Additions Under Section 69A; Allows Section 54 Relief on Explained Investment

Dr. K. S. Mishra Commissions, Forums & Tribunals April 18, 2026

ITAT _ Income Tax Appellate Tribunal _ LawNotify

April 17, 2026 : The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has set aside additions aggregating to ₹60.60 lakh made under Section 69A of the Income-tax Act, 1961, holding that the Assessing Officer (AO) acted on incorrect appreciation of Read more…

ITAT Mumbai: CIT(A) Cannot Enhance Income on Issues Not Examined by AO; Sets Aside WIP Adjustment in Skyline Greathills Case

Team Law Notify Commissions, Forums & Tribunals

April 17, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the Commissioner of Income Tax (Appeals) [CIT(A)] cannot enhance taxable income by introducing a new issue that was never examined by the Assessing Read more…