ITAT Delhi deletes ₹27.08 lakh additions under Section 68 as earlier bank withdrawals and cash-book records explained ...

Bombay HC quashes reassessment notice as Section 151 approval mechanically invoked Section 149(1)(b) despite alleged escaped ...

Bombay HC declines to quash reassessment proceedings against Molbio Diagnostics, holding that disputed expenditure requires ...

Bombay HC rules that unreported cash loans remain enforceable under Section 138 NI Act despite Section 269SS violations.

ITAT Mumbai upholds deletion of Rs 1.93 crore penny stock addition, ruling that entire sale proceeds cannot be taxed without ...

Delhi HC upholds reassessment notices issued after 31 March 2024, excluding time granted for replies under Section 149.

Allahabad HC quashes GST order under Section 74 for denial of personal hearing and directs fresh adjudication within two ...

Madras HC quashes Section 148 reassessment based on change of opinion over share issue expenses claimed under Section 37 ...

Supreme Court upholds Madras HC ruling quashing reassessment based on change of opinion where the assessee had disclosed all ...

Delhi HC upholds FEMA penalties for NRNR account violations but sets aside confiscation for lack of reasons under Section ...

ITAT Mumbai deletes ₹55.96 lakh penny stock addition and ₹1.11 lakh commission addition; remands separate share-profit ...

Summary: The Pune Bench of the Income Tax Appellate Tribunal (ITAT), comprising Shri R.K. Panda, Vice President, and Ms.