Category: ITAT
Order not in conformity of Faceless Assessment Scheme 2019 if not est? – ITAT remands the case in view of amendment to section 144B In a recent judgment, the ITAT Indore has remanded the case to the file of Assessing Officer (AO) the challenge to validity of assessment …
Provisions of section 68 to 69B applicable only if assessee is required to maintain books of accounts under provisions of section 44AA of the Income Tax Act, 1961. In a recent judgment, the ITAT Jabalpur has held that provisions of section 68 to 69B of the Income Tax …
AO converted limited scrutiny into complete scrutiny without obtaining permission and in violation of CBDT Instruction – ITAT quashed Assessment order. In a recent judgment, ITAT Delhi has quashed the assessment order because the Assessing Officer (AO) converted limited scrutiny into complete scrutiny without obtaining permission and in …
No Addition can be made on the basis of suspicion for cash seized at the time of Assembly Election In a recent judgment, ITAT Lucknow has deleted addition u/s 69A holding that no Addition can be made on the basis of suspicion for cash seized at the time …
Coaching Institutes do not run for all months and also students also awarded free coaching- ITAT deleted addition to income – ITAT In a recent judgment, ITAT Patna has deleted addition made to the income of coaching institute observing that there are certain months when coaching classes are …
No Penalty u/s 271D for cash received before registrar for sale of property – ITAT In a recent judgment, ITAT Chennai has deleted income tax penalty us/ 271D holding that section 269SS would apply only to advance receivable and the provisions would not apply to transaction that has …
Delay in filing appeal condoned as assessment order was not sent by post but to an inactive email. In a recent judgment, ITAT Cochin has condoned the delay in filing appeal as assessment order was not sent by post. The Tribunal opined that for communication to be complete, …
Waiver of principal amount of loan from private bank cannot be treated as income – ITAT In a recent judgment, ITAT Chandigarh has held that the waiver of the principal amount of loan from private bank cannot be treated as income under Sections 2(24)(xviii), 28(iv) and 41(1) of …
CPC was not justified in ignoring the revised tax audit report furnished by the assessee correcting the mistake committed in the original tax audit report – ITAT In a recent judgment, the ITAT Mumbai has held that CPC was not justified in ignoring the revised tax audit report …
No addition could be made only on the ground that there was time gap between the withdrawals and the corresponding cash deposits. In a recent judgment, the ITAT Jaipur has held that no addition can be made only on the ground that there was time gap between the …