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Sections 56(2)(viia) and 50D Validly Applied to Share Allotment and Sale to Group Entities: Madhur Coal Mining Pvt. Ltd. vs. DCIT (ITAT Kolkata)
Facts of the CaseThe assessee filed its return of income for Assessment Year 2015-16 on
29.09.2015 declaring nil income and a current year loss of ₹10,31,82,416. The
case was selected for limited scrutiny under CASS ...
Deletion of Entire Bogus Purchase Addition Upheld Where Sales Accepted and Books Not Rejected: ITO, Ward-1(2), Siliguri vs. Binoy Agarwal (ITAT Kolkata)
Facts of the CaseThe assessee, Binoy Agarwal, is engaged in the business of trading in
furnishing items and filed his return of income for Assessment Year 2021-22 on
01.03.2022 declaring total income of ₹1,33,64,769....
Revision under Section 263 Quashed for Absence of Error and Prejudice to Revenue: Vikash Kumar Bohra vs. Principal CIT, Asansol (ITAT)
Facts of the CaseThe
assessee filed his return of income for Assessment Year 2018-19 and the
assessment was completed by the Assessing Officer. The Principal Commissioner
of Income Tax invoked revisionary jurisdiction...
Assessment Quashed for Exceeding Scope of Limited Scrutiny and Violation of CBDT Instruction No. 5/2016: Subodh Adhikary vs. ITO, Ward-51(1), Kolkata (ITAT)
Facts of the CaseThe
assessee filed his return of income for Assessment Year 2015-16 on 11.01.2016
declaring total income of ₹5,86,810. The case was selected for scrutiny under
CASS for limited scrutiny specifically...
Assessment Quashed for Lack of Pecuniary Jurisdiction: Notice under Section 143(2) Issued by Non-Jurisdictional ITO in Violation of CBDT Instruction No. 1/2011 – Rajroop Doshi vs. ITO, Kolkata (ITAT)
Facts of the CaseThe
assessee filed a revised return of income for Assessment Year 2017-18 on
27.03.2018 declaring total income of ₹47,89,100. The case was selected for
scrutiny through CASS for examination of capit...
Reassessment Notice under Section 148 Quashed as Time-Barred under Rajeev Bansal Ruling: Sunblaze Constructions Pvt. Ltd. vs. ITO (ITAT Kolkata)
Facts of the CaseThe assessee filed its return of income for Assessment Year 2016-17. The
Assessing Officer issued notice under Section 148 on 29.06.2021 under the
erstwhile reassessment regime. Pursuant to the Supreme...
Section 68 Addition on Share Capital Remanded Where CIT(A) Exceeded Jurisdiction by Issuing Set-Aside Directions: ITO vs. Favourite Cloth Merchants Pvt. Ltd. (ITAT Kolkata)
Facts of the CaseThe assessee company filed its return of income for Assessment Year
2012-13 declaring total income of ₹480. The return was processed under Section
143(1) and later selected for scrutiny under CASS. N...
Artificial Intelligence in Professional Practice: From Efficiency to Precision
Artificial Intelligence in
Professional Practice: From Efficiency to Precision (For Chartered Accountants,
Cost & Management Accountants, Company Secretaries, Advocates, Accountants
& Allied Profess...
ITAT Delhi in Goswami Bhagwan Lal Education Society v ITO (ITA No. 2238/Del/2025, order dated 27.11.2025) holds that non-filing of Form 10B is a curable defect; denial of section 11 exemption and taxation of gross receipts under section 143(1) is impermissible.
ITAT Delhi-Goswami Bhagwan Lal
Education Society v. Income Tax Officer Exemption Ward FaridabadITA No. 2238/Del/2025 | Order
dated: 27 November 2025Coram: Shri Challa Nagendra Prasad
(JM) & Shri Avdhesh Kumar Mish...
Taxability of Consultancy Income under India–UAE DTAA vis-à-vis Significant Economic Presence (SEP), Article 14, India–UAE DTAA vs Section 9(1)(i): Vijay Mariappan Austin Prakash v ACIT (ITA No. 89/VIZ/2025)
Taxability of Consultancy Income
under India–UAE DTAA vis-à-vis Significant Economic Presence (SEP) Vijay Mariappan Austin Prakash v.
ACIT International Taxation Income Tax Office Visakhapatnam ITAT Visakh...