ITAT

  • Income Tax

When TDS is deposited within due time, date of credit shown on OLTAS irrelevant – ITAT

TDS deposited electronically within due time date shown on OLTAS irrelevant. There is no provision of waiver of interest for…

4 years ago
  • Income Tax

Sales of entire year could not be estimated based on cash found during survey.

Sales of entire year could not be estimated based on cash found during survey. By no means it could be…

4 years ago
  • Income Tax

Reopening quashed as AO not recorded reasons of assesse’s failure to disclose material facts fully/truly

Reopening quashed as AO not recorded reasons of assesse's failure to disclose material facts fully and truly but notice u/s…

4 years ago
  • Income Tax

Appeal not maintainable against computer extract of demand raised by CPC-TDS at traces website – ITAT

Appeal not allowable against computer extract of demand raised by CPC-TDS at traces website. Assessee granted liberty to file appeal…

4 years ago
  • Income Tax

Addition u/s 69 on premise that no prudent person keep huge amount of cash in house deleted

Addition u/s 69 for unexplained investment on reasoning that no prudent person would keep huge amount of cash in house.…

4 years ago
  • Income Tax

Section 68 not applicable to sales receipt shown in books of accounts. ITAT deleted addition

Section 68 not applicable to sales receipt shown in books of accounts. A Receipt can not be treated sale proceeds…

4 years ago
  • Income Tax

Belief of income escapement must indicate income escaping assessment than need of probe

Belief of income escapement must indicate income escaping assessment than need of probe which may, or may not, lead to…

4 years ago
  • Income Tax

Registration u/s 12A denied due to byelaws not signed by Authorized Signatory. ITAT set asides order

Registration u/s 12A declined due to byelaws/memorandum not signed/certified by Authorized Signatory of trust. ITAT set aside the order of…

4 years ago
  • Income Tax

Assessment Order passed months ahead of deadline without inquiries a stronger case for revision u/s 263

Assessment Order passed several months ahead of deadline without making inquiries/verification is without due application of mind & in avoidable…

4 years ago
  • Income Tax

Notice u/s 148 approval satisfaction-Yes I am satisfied on reasons recorded by AO, invalid

Notice u/s 148 approval recording satisfaction “Yes, I am satisfied on the reasons recorded by the AO that it is…

4 years ago