Posted inBlog
Ahmedabad ITAT Rejects Borrowed Satisfaction Challenge but Deletes Bogus LTCG Addition
Ahmedabad ITAT upheld a Section 147 reopening but deleted a Rs 15.93 lakh bogus LTCG addition due to a lack of transaction-specific evidence.
Posted inBlog
ITAT Ahmedabad Upholds Tax Reopening Yet Deletes Bogus Loan Addition
ITAT Ahmedabad rules on Section 147 tax reopening, upholding the reassessment procedure while deleting bogus loan additions backed by banking channels.
Posted inBlog
ITAT Mumbai Quashes Income Tax Reassessment Over Borrowed Satisfaction
Learn how ITAT Mumbai set aside a tax reassessment because the assessing officer relied on investigation wing data without independent verification.
Posted inBlog
Gujarat High Court Rules on Income Tax Reassessment Appeals
Explore the Gujarat High Court ruling on income tax reassessment appeals when recorded reasons yield no additions under Section 147.
Posted inBlog
Panaji ITAT Quashes Section 147 Reassessment When No Addition Made on Reopened Issue
The Panaji ITAT has quashed a Section 147 reassessment because tax officials failed to make additions on the specific issue that reopened the case.
Posted inBlog
ITAT Panaji Quashes Penny-Stock Reassessment for Borrowed Satisfaction
The Income Tax Appellate Tribunal (ITAT) in Panaji recently delivered a significant ruling by setting aside a tax reassessment proceeding involving alleged penny-stock transactions. According to official reports, the tribunal…
Posted inBlog
ITAT Quashes Reassessment Under Section 147 for Change of Opinion on Share Premium
Discover how the ITAT quashed a Section 147 reassessment over share premium, reinforcing vital taxpayer protections against arbitrary tax audits.