Income Tax Addition of Rs 1.34 Crore Based on Search Material Quashed; ITAT Says Department Applied Wrong Section The ITAT Mumbai has allowed the appeals of Nanne Gulzar & Company for AYs 2017-18 and 2018-19 after holding that the reassessment proceedings initiated under Sections 147/148 were without jurisdiction, as the entire case was based on material…
Special Bench Ruling Ends 22-Year Tax Dispute: ITAT Mumbai Rejects Revenue’s Fresh Challenge Against JP Morgan Chase Bank The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has brought an end to a long-running dispute involving JP Morgan Chase Bank for Assessment Year 1999-2000, holding that issues already decided by a Special Bench in…
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