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…
April 1, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that reassessment proceedings cannot be initiated merely on the basis of general investigation reports relating to penny stock transactions, without any material directly linking Read more…
February 21, 2026 : The Delhi Bench ‘F’ of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings initiated against Vedanta Limited for the Assessment Year (AY) 2010-11, holding that reopening of the assessment beyond four years was invalid Read more…
February 14, 2026 : The Delhi Bench ‘B’ of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings for Assessment Year (AY) 2016–17 and deleted additions made under Section 68 for both AY 2016–17 and AY 2017–18 in the Read more…
February 07, 2026 : In a significant ruling under the post–Finance Act, 2021 reassessment framework, the Mumbai Bench of the Income Tax Appellate Tribunal has quashed reassessment proceedings for Assessment Year 2018–19 on the ground that the Assessing Officer failed Read more…
February 07, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has set aside reassessment proceedings initiated against Gedalia Multitrading Pvt. Ltd. for Assessment Year 2018–19, holding that the notice issued under Section 148 was invalid as the Read more…
February 03, 2026 : The Chennai Bench of the Income Tax Appellate Tribunal has set aside the reassessment proceedings initiated against Aryan Share & Stock Brokers Ltd. for Assessment Year 2017–18, holding that the Assessing Officer failed to meet the 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…