Weekly DT Digest

Chandigarh ITAT dismisses Revenue’s appeal against CIT(A) order quashing re-assessment beyond 4 years, based on information received from

Bangalore ITAT quashes Sec. 201(1)/(1A) proceedings on assessee-employer (a State Power Transmission company, ‘KPTCL’) with respect to TDS

Mumbai ITAT dismisses Revenue’s Miscellaneous Application against ITAT order quashing assessment u/s 153C in absence of proper satisfaction

Karnataka HC quashes assessment u/s 153C absent proper satisfaction note prepared by AO of searched person; HC notes that for

Bombay HC upholds reopening of assessment beyond 4 years to make unexplained cash credit addition, observes that merely

Delhi HC holds that AO has to apply its mind and decide the Stay Application on merits without

Bombay HC quashes notice u/s 147 issued on assessee-company (engaged in manufacturing and processing of frozen meat) for

Delhi ITAT deletes addition u/s 68 made on individual-assessee during AY 2014-15, rules that when the matter in

Delhi ITAT allows assessee's claim of exemption u/s 54 towards investment made in under-construction property before the sale

Pune ITAT deletes disallowance made by the AO for contribution by the assessee (Insurance company) to Environment Relief

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