Calcutta HC dismisses Revenue appeal, holding Section 263 cannot substitute one opinion for another where AO examined records and adopted a view.

Bangalore ITAT deleted ₹58.20 lakh under Section 69A, accepting agricultural income accumulated over earlier years as the source of cash deposits.

Delhi HC dismisses Revenue appeal, holding entire purchase addition cannot be restored where purchases were explained and profit element was already added.

SC quashes FIR and cognizance against property vendee, holding the PoA authorised sale and the dispute did not give rise to a cause of action at Buxar.

ITAT Mumbai quashes Section 263 revision, holding the purchase issue was already pending before CIT(A) and AO had conducted detailed inquiry.

CESTAT Chennai sets aside duty demand, confiscation, redemption fine and penalty after finding no proper basis for enhancing ...

Bombay HC rejects Revenue appeals, holding no addition is permissible in unabated assessments under Section 153C without incriminating search material.

ITAT Delhi dismisses Revenue appeals, holding BARC fund deployment did not violate Sections 11(5) and 13(1)(d) and upheld Section 11 exemption.

Rakhi gifts depend on the Income-tax definition of “relative”; cousins and muh-bola siblings are not included in the ...

Gujarat HC dismisses Revenue appeal, holding Section 13 applies at assessment stage and cannot deny 12AB registration.

ITAT remands ESOP cost and several comparables, excludes companies above Rs.200 crore turnover, and grants working capital adjustment in TP proceedings.

Gujarat HC quashes assessment and penalty proceedings after only two days were given to reply, directing fresh assessment after hearing the petitioner.