May 4, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that additions under Section 68 of the Income-tax Act, 1961 cannot be sustained unless a fresh credit is found in the books of the Read more…
Tag: reassessment under Section 147
May 4, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that additions under Section 68 of the Income-tax Act, 1961 cannot be sustained unless a fresh credit is found in the books of the 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…
December 19, 2025 : The Pune Bench of the Income Tax Appellate Tribunal has held that reassessment proceedings initiated on the basis of unexplained cash credits under Section 68 of the Income-tax Act, 1961 cannot be sustained where the final Read more…