Category: ITAT
Depreciation allowable u/s 11(6) when assessee has not claimed cost of fixed assets as application of income in any previous year. ABCAUS Case Law Citation:ABCAUS 3245 (2020) (02) ITAT In this appeal filed by the assessee, the issue was related to disallowance of claim of depreciation u/s 11(6) …
CIT(A) reduced income on appeal which clearly showed non application of mind by AO while recording the reasons, which made reopening bad in law ABCAUS Case Law Citation:ABCAUS 3244 (2020) (02) ITAT Important case law relied upon by the parties:Ganga Saran & Sons P. Ltd. Vs. ITO (1981) …
When all cash credits treated as turnover, capital introduction in cash and machinery purchased should also be considered out of the cash deposits – ITAT ABCAUS Case Law Citation:ABCAUS 3242 (2020) (02) ITAT In the instant case, an appeal was filed by the assessee against the order of …
Rent of land not appurtenant to building is taxable as income from other sources. Rent only from buildings and land appurtenant thereto is treated as house property income ABCAUS Case Law Citation:ABCAUS 3241 (2020) (02) ITAT In the instant case, an appeal was filed by the assessee against …
ITAT warns CIT(A) of penalty for not-passing speaking order on merit due to non appearance or non prosecution ABCAUS Case Law Citation:ABCAUS 3240 (2020) (01) ITAT In the instant case, an appeal was filed by the assessee against the order of the Commissioner of Income Tax . It …
TDS deposited electronically within due time date shown on OLTAS irrelevant. There is no provision of waiver of interest for late deposit of TDS ABCAUS Case Law Citation:ABCAUS 3239 (2020) (01) ITAT Important case law relied upon by the parties:In the instant case, an appeal was filed by …
Sales of entire year could not be estimated based on cash found during survey. By no means it could be considered as sale of day ABCAUS Case Law Citation:ABCAUS 3237 (2020) (01) ITAT In this case the appeal was filed at the behest of the assessee against the …
Reopening quashed as AO not recorded reasons of assesse’s failure to disclose material facts fully and truly but notice u/s 148 was issued on change of opinion ABCAUS Case Law Citation:ABCAUS 3236 (2020) (01) ITAT Important case law relied upon by the parties:Sadbhav Engineering Ltd. vs. DCITCIT Vs. …
Appeal not allowable against computer extract of demand raised by CPC-TDS at traces website. Assessee granted liberty to file appeal after obtaining order ABCAUS Case Law Citation:ABCAUS 3235 (2020) (01) ITAT Important case law relied upon by the parties:Rajesh KouraniM/s. Asan Memorial Association In the instant case, the …
Addition u/s 69 for unexplained investment on reasoning that no prudent person would keep huge amount of cash in house. ITAT deleted addition ABCAUS Case Law Citation:ABCAUS 3233 (2020) (01) ITAT In the instant case, the appeal had been filed at the instance of the Assessee against the …