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Penalty Under Section 271(1)(c) Cannot Survive When Quantum Assessment Is Set Aside: ITAT Lucknow in Atul Kishore Trivedi vs ITO
The
present appeal was filed by the assessee, Shri Atul Kishore Trivedi,
against the order dated 05.11.2024 passed by the Commissioner of Income Tax
(Appeals) / National Faceless Appeal Centre (NFAC), Delhi, for the A...
Share Trading Loss Disallowed as Speculative for Lack of Delivery Proof: ITAT Lucknow in Narain Properties Ltd. v. ACIT
The
present appeal was filed by M/s Narain Properties Limited for the
Assessment Year 1997-98 against the appellate order dated 15.03.2010 passed by
the Commissioner of Income Tax (Appeals)-II, Kanpur. The appeal aros...
ITAT Lucknow Quashes Penalty Appeal Dismissal in Limine: Marut Paper Products Pvt. Ltd. vs ACIT – Violation of Section 250(6)
The
present appeal was filed by the assessee, Marut Paper Products Pvt. Ltd.,
for the Assessment Year 2016-17, challenging the appellate order dated
03.10.2023 passed by the Commissioner of Income Tax (Appeals). The a...
ITAT Lucknow Upholds Additions on Undisclosed Interest and Accommodation Entries: Main Land Finance Pvt. Ltd. vs ITO
The
present appeals were filed by Main Land Finance Pvt. Ltd. for the
Assessment Years 2014-15, 2017-18, and 2018-19, challenging separate appellate
orders passed by the Commissioner of Income Tax (Appeals). The asses...
Rejection of Registration under Sections 12AB and 80G for Lack of Charitable Activity Not Sustainable When Funds Are Utilised for Construction of Charitable Infrastructure – ITAT Lucknow in Kirti Mahal Satsang Bhawan Trust vs. CIT (Exemptions)
The
assessee trust filed applications in Form No. 10AB seeking registration
under Section 12AB of the Income-tax Act, 1961 and approval under Section
80G(5). The Commissioner of Income Tax (Exemptions), Lucknow reject...
ITAT Lucknow Sets Aside CIT(A) Order for Violation of Natural Justice: Aabdeen Travel Services vs ITO (AY 2017-18)
The
present appeal was filed by the assessee, M/s Aabdeen Travel Services,
for the Assessment Year 2017-18, challenging the appellate order dated
18.10.2023 passed by the Commissioner of Income Tax (Appeals). The asse...
ITAT Delhi Holds PCIT’s Section 263 Revision Invalid Where AO Made Detailed Enquiries and Applied Mind; Addition Under Section 68 Held Appropriate, Not Section 41(1) — J.M. Housing Ltd. v. PCIT (ITA No. 8248/Del/2025) (Del-Trib, 31.12.2025)
The
appeal before the Income Tax Appellate Tribunal, Delhi Bench, arose from the
order passed by the Principal Commissioner of Income Tax (Central), Kanpur
under Section 263 of the Income Tax Act, 1961, seeking to rev...
Benami Transactions & Demonetisation Cash Routing: Provisional Attachment, “Reasons to Believe” and Independent Satisfaction — M/s Bajrang Traders v. Initiating Officer (SAFEMA Tribunal, 2025)
Benami
Transactions, Demonetisation Cash Routing and Provisional Attachment Statutory
Definitions, “Reasons to Believe” under Section 24(1), and the Doctrine of
Independent Satisfaction M/s Bajrang
Trad...
Revision under Section 264 vis-à-vis Appeal under Section 246A: Scope of Discretion, Errors in Return and the Preventive Role of Revisional Jurisdiction — An Analysis of the Bombay High Court decision in Swaminarayan Mandir Trust Versus Commissioner of Income Tax (Exemptions), Mumbai & Ors
Revision under
Section 264 vis-à-vis Appeal under Section 246A: Scope of Discretion, Errors in
Return and the Preventive Role of Revisional Jurisdiction — An Analysis of the
Bombay High Court decision in Swaminaray...
Limitation Under Section 153 Applies to DRP Proceedings Under Section 144C – Assistant Commissioner of Income Tax (International Taxation) v. Shelf Drilling Ron Tappmeyer Ltd., Supreme Court (2025 INSC 946)
The Supreme Court of India, in Civil Appeals arising out of SLP (Civil) Nos. 20569–20572 of 2023, reported as 2025 INSC 946, examined the statutory framework governing assessment proceedings for eligible assessees unde...