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Reassessment Quashed for Lack of Jurisdiction Where Reasons Pertained to Wrong Assessment Year: Kanhaiya Lal Hari Narayan vs. ITO (ITAT Jaipur)
Facts of the
CaseThe assessee, a partnership firm, was subjected to
reassessment proceedings for Assessment Year 2013-14 based on information
received from the DDIT (Investigation), Karnal regarding alleged accommodat...
Revision u/s 264 – PCIT bound to follow ITAT Special Bench: Tax on Deemed STCG u/s 50 at LTCG rate u/s 112, Samir N. Bhojwani. vs. Principal Commissioner of Income Tax & Ors. Writ Petition (L) No. 37709 of 2025
Core
Issue:-Whether, while exercising revisionary jurisdiction under Section 264,
the PCIT can refuse to follow a binding decision of the ITAT Special Bench and
deny levy of tax at LTCG rate under Section 112 on capit...
Cash Deposits during Demonetisation Held Explained Where Supported by Cash Sales, Books and VAT Returns: Damodar Prasad Agarwal vs. ITO (ITAT Jaipur)
Facts of the
CaseThe assessee, engaged in the business of gold and
diamond jewellery, deposited cash amounting to ₹94,49,786 in his bank account
during the demonetisation period from 09.11.2016 to 30.12.2016. The As...
Nil -Withholding Certificates under Section 197 of the Income-tax Act: Statutory Discipline, Treaty Interpretation and Judicial Control over Revenue Discretion, Nord Anglia Education Limited v. Deputy Commissioner of Income Tax (International Taxation) W.P.(C) 13473/2025
An Analytical Commentary on the Judgment of the Delhi High
Court in Nord Anglia Education Limited v. Deputy Commissioner of Income Tax
(International Taxation) W.P.(C) 13473/2025 | Decision dated 14 January 2026The sch...
Political donation and deduction under section 80GGC – reopening, borrowed satisfaction and violation of natural justice, Tushar Vipinchandra Shukla v. ITO, Ward-5(3)(2), Ahmedabad
Core Issue Whether:1. Reopening of
assessment under sections 147 / 148A, based on Investigation Wing inputs, with
sanction u/s 151, was valid in law; and2. Disallowance of
deduction u/s 80GGC for political...
Penalty under Section 271(1)(c) Deleted Due to Defective and Vague Penalty Notice Without Specifying Correct Limb Despite AMT Assessment under Section 115JC: ITAT Rajkot in Klin Industries vs. ACIT
INCOME TAX
APPELLATE TRIBUNAL-RAJKOTITA No.857/RJT/2025 Klin Industries Saandha-Appellant.
VersusAssistant Commissioner of Income
Tax-RespondentCoram: ARJUN LAL SAINI,
ACCOUNTANT MEMBER, J.Dated: 15/01/2026Decis...
Rectification under Section 154 Cannot Survive Once Quantum Addition Is Deleted: DCIT vs. Srishti Associates (ITAT Jaipur)
Facts of the
CaseThe assessee, Srishti Associates, was subjected to
assessment proceedings for Assessment Year 2018-19 pursuant to a search and
seizure operation under Section 132 conducted on the Resonance Group, Kot...
Appeal against Section 263 Revision Dismissed as Infructuous After Complete Relief in Consequential Assessment: Amar Partap Steels Pvt. Ltd. vs. PCIT-2, Jaipur (ITAT)
Facts of the
CaseThe assessee, Amar Partap Steels Private Limited,
filed an appeal before the Income Tax Appellate Tribunal against the
revisionary order passed by the Principal Commissioner of Income Tax-2, Jaipur
u...
Application for Registration under Section 12A Restored Where Rejection Was Based on Non-Compliance and Subsequent Registration under RPT Act: Neem Ka Thana Education Society vs. CIT (Exemption) (ITAT Jaipur)
Facts of the CaseThe assessee, Neem Ka Thana Education Society, filed an application
under Section 12A(1)(ac)(iv)(B) in Form No. 10AB seeking registration as a
charitable institution. The application was rejected by th...
Agricultural Income Disallowance Remanded for Fresh Verification Where Evidence Was Not Placed on Record: Deepak Vegpro (P) Ltd. vs. DCIT (ITAT Jaipur)
Facts of the CaseThe assessee, Deepak Vegpro (P) Ltd., filed its return of income for
Assessment Year 2022-23 claiming exemption of agricultural income amounting to
₹98,460. The claim was based on the contention that...