Day: May 18, 2019
Reassessment without fresh material with the Assessing Officer to believe that income has escaped assessment is invalid ABCAUS Case Law Citation: ABCAUS 2938 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Income Tax Officer, Ward 2(4) Vs. Chetna Surana In the instant appeal, the assessee …
Franchise of Kidzee school chain denied registration u/s 12AA as Trust was running with primary objective of branding and earning commercial profits. ABCAUS Case Law Citation: ABCAUS 2937 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. Highlanders Educational Academy Meritta Welfare Trust Vs. …
Penalty u/s 271BA deleted for not uploading audit report in Form No. 3CEB due to technical glitches when report was obtained before prescribed date ABCAUS Case Law Citation: ABCAUS 2936 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Ajit Singh Rana Vs. ACIT (2013) 33 …
If books of account not maintained penalty u/s 271B cannot be levied for non audit u/s 44AB. ITAT deleted penalty u/s 271B and sustained penalty u/s 271A ABCAUS Case Law Citation: ABCAUS 2935 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties CIT Vs. S.K. Gupta …
Inadequate enquiry leading to assumption of incorrect facts makes the order erroneous and prejudicial to the interests of the revenue – ITAT upheld the Revision order passed u/s 263 ABCAUS Case Law Citation: ABCAUS 2934 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Gee Vee …