A reference was made to a case involving a Bangalore-based taxpayer, Sri S. R. Ravishankar vs. PCIT, in which the tribunal ruled against revisions based on estimated valuations in search cases unless ...

In a recent judgment, the Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) quashed additions made by the Assessing Officer (AO) to the declared income of taxpayer Kavita Samtani for the ...