ITAT Surat Judgments — May 2026

The Tribunal held that the assessee had furnished inaccurate particulars of income by recording fictitious transactions and failing to disclose the true nature of its business. The penalty was upheld as the explanation offered was not bona fide.

The Tribunal held that the assessee had furnished inaccurate particulars of income by recording fictitious transactions and failing to disclose the true nature of its business. The penalty was upheld as the explanation offered was not bona fide.

The Tribunal held that the assessee had furnished inaccurate particulars of income by recording fictitious transactions and failing to disclose the true nature of its business. The penalty was upheld as the explanation offered was not bona fide.

The Tribunal held that the assessee had furnished inaccurate particulars of income by recording fictitious transactions and failing to disclose the true nature of its business. The penalty was upheld as the explanation offered was not bona fide.

The Tribunal set aside the order of the CIT(Exemption) and remanded the matter back to the CIT(Exemption) to provide one more opportunity of hearing to the assessee for final registration under section 12AB.

The Tribunal set aside the ex parte appellate orders, directing the Assessing Officer to provide one more opportunity for hearing. The assessee is to submit all necessary details for a decision on merits, and penalty proceedings will continue.

The Tribunal directed the deletion of the addition made under Section 69B, noting that the balance payment was eventually made via cheques listed in the sale deed. The issue regarding the addition under Section 56(2)(x) was set aside and remanded to the AO to refer the matter to the Department Valuation Officer (DVO) for determining the fair market value.

The Tribunal set aside the ex parte appellate orders, directing the Assessing Officer to provide one more opportunity for hearing. The assessee is to submit all necessary details for a decision on merits, and penalty proceedings will continue.

The Tribunal condoned the delay in filing the appeals, citing the reasons provided by the assessee, including the complexities arising from the Vivad Se Vishwas Scheme and the pandemic. The appellate orders were set aside, and the cases were remanded to the CIT(A) for a decision on merits.

The Tribunal condoned the delay in filing the appeals, citing the reasons provided by the assessee, including the complexities arising from the Vivad Se Vishwas Scheme and the pandemic. The appellate orders were set aside, and the cases were remanded to the CIT(A) for a decision on merits.