Section 143(3)

Income Tax

ITAT Mumbai Deletes Rs 6.49 Crore Addition And Accepts Revenue Sharing Between India and UK Offices | Biz Flow Kit
Byadmin June 11, 2026

Cross-Border M&A Advisory Revenue Cannot Be Fully Attributed to Indian PE: ITAT The Income Tax Appellate Tribunal (ITAT) Mumbai deleted an addition of Rs 6.49 crore after observing that documentary evidence establishes substantial involvement of an overseas branch in executing cross-border transactions. BDA Partners Limited is a Hong Kong-based company having a branch office in…

Read More ITAT Mumbai Deletes Rs 6.49 Crore Addition And Accepts Revenue Sharing Between India and UK Offices | Biz Flow Kit
Income Tax

ITAT Delhi Upholds Rs 1.34 Crore Addition on Demonetisation Cash Deposits And Holds Purchase Transactions Non-Genuine | Biz Flow Kit
Byadmin June 8, 2026

ITAT Delhi Upholds Rs 1.34 Crore Addition on Demonetisation Cash Deposits And Holds Purchase Transactions Non-Genuine The Income Tax Appellate Tribunal (ITAT) Delhi, dismissed assessee’s appeal and sustains addition under Section 69A after finding inconsistencies in cash sales and due to lack of supporting evidence for purchases The assessee under the name Garima Leather Exports,…

Read More ITAT Delhi Upholds Rs 1.34 Crore Addition on Demonetisation Cash Deposits And Holds Purchase Transactions Non-Genuine | Biz Flow Kit
Income Tax

ITAT Grants Relief in Jurisdictional Defect Assessment Challenge | Biz Flow Kit
Byadmin May 12, 2026

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….

Read More ITAT Grants Relief in Jurisdictional Defect Assessment Challenge | Biz Flow Kit
Income Tax

ITAT Quashes Assessment Framed Under Section 143(3) Instead of 153A in Search Case | Biz Flow Kit
Byadmin February 22, 2026

ITAT Quashes Assessment Framed Under Section 143(3) Instead of 153A in Search Case A search under Section 132 was conducted in February and April 2019 in connection with the Kochar group, during which the residential premises of the assessee’s son were also covered. Locker No. 887, jointly held by Shri Bir Kumar Jain and his…

Read More ITAT Quashes Assessment Framed Under Section 143(3) Instead of 153A in Search Case | Biz Flow Kit