April 6, 2026 : The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has set aside reassessment proceedings against Addhya Forex (P) Ltd., holding that additions aggregating to ₹92.67 crore were made through effectively ex parte orders without granting 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 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…
January 13, 2026 : The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the assessment framed against M/s Malbros International Pvt. Ltd. for Assessment Year 2022–23, holding that the Assessing Officer committed a fundamental jurisdictional error by Read more…