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- IMPORTANT INCOME TAX CASE LAW 29.10.2025
- ITAT Lacks Power to Review Its Own Order Under the Guise of Rectification.
- AO Must Refer Disputed Stamp Duty Value to DVO Before Making Section 50C Addition.
- Reassessment Quashed as it Was Based on a Change of Opinion on Old Information.
- Reassessment Notice Issued After Five Years Held Time-Barred and Quashed.
- AO Must Refer Valuation to DVO When Registered Valuer’s Report is Disputed.
- Settlement of Foreign Patent Dispute is a Deductible Business Expense, Not a Penalty
- Reopening an assessment after four years is invalid without new material or proof of the assessee’s failure to disclose.
- Rejection of Suo Motu 14A Disallowance on Mere Presumptions is Invalid.
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