Form No.9A delay condoned under Section 119(2)(b) IT Act for bona fide misprint reliance; Sections 11 and 12 relief
Notice under s.148 held time-barred as six-year survivor period expired; related s.142(1) notices quashed and s.148A(d) process incomplete
Appeal allows society exemption under s.10(23C)(vi): recurring surplus, development fund, land acquisition not conclusive of profit motive
TDS credit allowed despite missing Form 16 and Form 26AS where payslips prove deduction; even if not deposited by deductor / employer
Appeal allowed in part, grants s.23(1)(c) relief for five flats; office treated as house property, recomputation directed
Settlement payment for withdrawing inheritance claim not a transfer of capital asset under sections 2(14) and 2(47)
Partial relief: builder payments treated as acquisition cost; Rs11,35,023 allowed, Rs5,49,644 disallowed; travel, boarding, local transport denied
Land and development rights excluded from 25% POCM threshold; once met, total project costs determine revenue recognition
Reassessment and penalty quashed where s.142 notice sent to inactive email; s.282 compliance mandatory for s.147/s.148
Section 151 Sanction Quashed; Reassessment Set Aside as No Income Escaped and Reasons Unsupported Against Petitioner
Penalty under Section 270A deleted where full disclosure of trading loss; recharacterisation to speculation loss not penalty-worthy
Penalty u/s 271DA requires assessing authority's recorded satisfaction in fresh assessment order before invoking penalties under s.271DA/271D
Appeal allowed: Share sale treated as capital gains, s.28(va) not applicable; compute LTCG, consider ss.54F and 54EC
Transfer pricing adjustments set aside; FAR remittance for ITES and manufacturing, apply 18% margin if comparable; follow Rules 10B(2)-10B(3)
Penalty under s.271D for alleged s.269SS requires AO's recorded satisfaction; limitation starts when satisfaction embodied in assessment order
S.263 revision upheld: one-time accumulated forex loss disallowed; only current-year exchange fluctuation allowed, matter remitted for fresh determina...
Sovereign-owned Singapore portfolio company deemed substantive; capital gain exempt under Article 13(4)/(4A) and Article 24A(1)-(2)
Notices under section 148 and 148A(b) issued by jurisdictional AO, not faceless AO, invalid; reassessment quashed
Reassessment under s.147/s.148 invalid as s.151(2) approval was mechanical, non-application of mind; reassessment order quashed and set aside
AO failed to issue mandatory draft under section 144C(1); BVI company eligible under section 144C(15)(b), assessments invalidated
TaxTMI 
TaxTMI 
of 201 
