Assessment Set Aside for Lack of Effective Opportunity—Delay Condoned Considering COVID and Ill-Health: ITAT Chennai in Tanjore Chandrakantam Balakrishnan Ravi v. DCIT

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15/01/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 301
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The assessee preferred an appeal against the order passed by the Commissioner of Income Tax (Appeals), Trichy, for Assessment Year 2011-12. There was a delay of 1510 days in filing the appeal. The assessee explained t...

Section 148 Reassessment Notice Issued by Jurisdictional AO Held Invalid – ITAT Chennai Applies Mark Studio and Hexaware Technologies in Vijayakumar Balaji vs ITO

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My Tax Expert
15/01/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 425
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The appeal was filed by the assessee, Vijayakumar Balaji, against the order of the National Faceless Appeal Centre for Assessment Year 2020-21, wherein reassessment proceedings initiated under section 147 of the Incom...

Reassessment Notice Issued by Jurisdictional AO Quashed – ITAT Chennai Applies Mark Studio and Hexaware Technologies in Shanmugam Palanisamy vs ITO

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15/01/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 296
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The appeal was filed by the assessee, Shanmugam Palanisamy, against the order passed by the National Faceless Appeal Centre for Assessment Year 2020-21, whereby the reassessment proceedings initiated under section 147...

Reassessment Notice Issued by Jurisdictional AO Held Invalid – ITAT Chennai Follows Mark Studio and Hexaware Technologies in Palanisamy Srilatha vs ITO

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15/01/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 316
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The appeal was filed by the assessee, Palanisamy Srilatha, against the order of the National Faceless Appeal Centre for Assessment Year 2015-16, confirming reassessment proceedings initiated under section 147 of the I...

Remand of Unabsorbed Depreciation Issue Causes No Prejudice to Revenue – ITAT Chennai in DCIT vs Sri Lakshmi Electro Smelters Pvt. Ltd.

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15/01/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 335
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The appeal filed by the Revenue arose from the order passed by the National Faceless Appeal Centre for Assessment Year 2014-15. The assessee, Sri Lakshmi Electro Smelters Private Limited, is engaged in the business of...

Bogus Purchase Addition Restricted to Profit Element – ITAT Chennai Upholds GP Estimation in ACIT vs EI Instrumentation Pvt. Ltd.

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15/01/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 433
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The appeal filed by the Revenue was directed against the order passed by the Commissioner of Income Tax (Appeals) for Assessment Year 2018-19. The assessee, EI Instrumentation Private Limited, is engaged in the busine...

Reassessment Notice Issued by Jurisdictional AO Invalid under Faceless Scheme—Assessment Quashed: ITAT Chennai in All India Insurance Pensioners Association v. ITO

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15/01/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 349
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The assessee, a registered association of insurance pensioners, preferred an appeal against the order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, for Assessment Year 2019-20. T...

Ex-Parte Assessment and Dismissal for Non-Prosecution Set Aside—Matter Remanded for De Novo Assessment: ITAT Lucknow in Uma v. ITO

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15/01/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 276
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The assessee filed an appeal against the appellate order dated 12 September 2025 passed by the Additional/Joint Commissioner of Income Tax (Appeals) for Assessment Year 2015-16. The assessment in the present case was ...

Adjustment under Section 143(1) Based Solely on Audit Report Requires Factual Verification—Matter Remanded: ITAT Lucknow in Surya International Pvt. Ltd. v. CPC

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15/01/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 382
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The assessee company filed an appeal against the order passed by the Additional/Joint Commissioner of Income Tax (Appeals) for Assessment Year 2020–21, whereby adjustments made through intimation under section 143(1...

Appeal Dismissed In Limine for Failure to Cure Procedural Defects—Liberty Granted for Restoration: ITAT Lucknow in Manish Kumar Singh v. ITO

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15/01/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 286
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The assessee filed an appeal before the Income Tax Appellate Tribunal, Lucknow Bench, against the order dated 29 March 2025 passed by the Additional/Joint Commissioner of Income Tax (Appeals) for Assessment Year 2010-...