Transport Business Receipts or Undisclosed Income? ITAT Remands Rs 34.86 Lakh Cash Deposit Addition Case The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has provided relief to taxpayer Karam Veer by setting aside the orders of the Assessing Officer (AO) and the Commissioner of Income Tax (Appeals) [CIT(A)] and remanding the matter back to the…
ITAT Grants Relief in Jurisdictional Defect Assessment Challenge The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) on April 15, 2026, held that an assessment order passed by an Assessing Officer without a valid transfer of jurisdiction under Section 127 of the Income-tax Act, 1961, is void ab initio and liable to be quashed….
ITR Processing: Everything You Need to Know About Section 143(1) Intimation The process of analysing an income tax return (ITR) by the Income Tax Department, after its filing by a taxpayer, is called assessment. This process is completely computer-based and is done through the Central Processing Centre (CPC). In this process, any kind of calculation…
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