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Subsequent Supreme Court Ruling Not a Ground for ITAT Rectification under Section 254(2): Bombay High Court, Sila Solutions (P) Ltd. v. ITO
Subsequent Superior Court ruling no ground for ITAT to invoke Section 254(2); no mistake apparent in ITAT’s original order.In the present case, initially, the Assessing Officer made a disallowance of Rs. 2,25,94,571/- ...
Delhi High Court Upholds Prosecution in ₹348 Crore Tax Evasion Case; Rejects Constitutional Challenge to CBDT Circulars on Prosecution
In a significant ruling, the Delhi High Court has upheld the initiation of prosecution under the Income-tax Act in a case involving alleged tax evasion amounting to ₹348 crores, while categorically rejecting the consti...
Assessing Officer’s Duty to Examine All Issues in Reassessment: Delhi ITAT Upholds Section 263 Revision Order
Emphasizes Assessing Officer’s duty to scrutinize all issues noticed during reassessment proceedings; Upholds revision order
Delhi ITAT upholds the revision order under Section 263 holding the reassessment order as er...
Dumb Documents” Have No Evidentiary Value: Chennai ITAT Deletes ₹25.78 Crore Addition under Section 69B r.w.s. 115BBE of Income tax Act, DCIT v. Jaya Pradeep [TS-1630-ITAT-2025(CHNY)]
“Dumb documents” have no evidentiary value, incapable of supporting addition; Deletes Section 69B addition
Chennai ITAT dismisses Revenue’s appeal confirming CIT(A)’s order deleting the addition of Rs. 25,78,98,...
Delhi High Court to Decide Whether Sports Associations’ Activities Are Charitable or Commercial for Exemption under Sections 11 and 12
The Delhi High Court has admitted the Revenue’s appeal against the order passed by the Income Tax Appellate Tribunal (ITAT) in the case of Delhi and District Cricket Association. The appeal has been admitted as other c...
Undisclosed Bitcoin Income Taxable Under Black Money Act; Addition for Foreign Assets Deleted Due to Wrong Assessment Year — Pune ITAT, Shaista Suhel Patanwala v. ADIT(Inv.), Pune [TS-1626-ITAT-2025(PUN)]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed the assessee’s appeal by deleting the addition made towards undisclosed foreign assets to the extent of ₹86.80 lakhs, while simultaneously uph...
Bombay High Court Quashes Backdated Section 154 Rectification Order Passed Without DIN – Siemens Ltd. v. DCIT (2025)
In a significant ruling, the Bombay High Court has quashed a backdated rectification order passed under Section 154 of the Income-tax Act on the ground that it was issued manually without quoting a Document Identificatio...
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Commissioner must follow binding jurisdictional HC precedent despite SC pendency; sec. 264 revision allowed: HC, Shangri-La International Hotel Management Pte. Ltd. vs. Commissioner of Income-tax (International Tax) - [2025] (Delhi)
Commissioner must follow binding jurisdictional High Court precedent despite pendency before Supreme Court; revision under section 264 allowableShangri-La International Hotel Management Pte. Ltd. v. Commissioner of Incom...
Reassessment Quashed Due to Non-issuance of Section 143(2) Notice — Foundational Infirmity; Bangalore ITAT Relies on PCIT v. Shri Jai Shiv Shankar Traders
In a significant ruling, the Income-tax Appellate Tribunal (ITAT), Bangalore Bench, has quashed reassessment orders passed under Section 147 read with Section 144 on account of non-issuance of notice under Section 143(2)...