Day: May 28, 2024
There is no under reporting of income when tax paid u/s 115JB is more than normal tax – ITAT In a recent judgment, the ITAT Delhi has deleted penalty u/s 270A(9) holding that there is no underreporting of income when tax is paid on deemed MAT income u/s …
Penalty for alleged double movement of goods on same e-way bill deleted as it was based was based only on vehicle driver’s statement In a recent judgment, the Hon’ble Allahabad High Court has deleted GST penalty u/s 129(3) for alleged double movement of goods on same e-way bill …
Cash deposit in bank – AO duty bound to show cash earlier withdrawn was spent – ITAT In a recent judgment, the ITAT has deleted addition u/s 69A for cash deposit in bank holding that AO is duty bound to conduct enquiry to show that cash earlier withdrawn …
AO can not pass ex parte order five days after last hearing was fixed without notice to assessee even if assessee failed to seek adjournment on the date of last hearing In a recent judgment, the Hon’ble Allahabad High Court has held that AO can not pass ex …