Category: ITAT
Penalty u/s 271D for taking cash loan from father and paternal aunt deleted following various decisions of High Courts and Tribunals ABCAUS Case Law Citation: ABCAUS 3001 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: Mohan Karkare Vs. DCIT (1995)(127 Taxation 104) CIT v. Sunil …
LTCG exemption denied for Penny stock set aside by ITAT as AO had placed reliance on documents not confronted to the assessee ABCAUS Case Law Citation: ABCAUS 3000 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: Kothari Metals Vs. ITO Mr. Sunil H Ashar Vs. …
Levy of fee us/ 234E prior to 01.06.2015. ITAT explains the law on condonation of delay by assessee in filing these appeals before the CIT(A) ABCAUS Case Law Citation: ABCAUS 2999 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: Collector, Land Acquisition Vs. MST Katiji …
When relief granted by CIT(A) is accepted in one case in one year, it is not open to revenue authorities to challenge identical relief in other year ABCAUS Case Law Citation: ABCAUS 2997 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: Union of India v. …
Disallowance of entire expenditure on school running was arbitrary and unreasonable. AO was directed to estimate income @20% of gross receipts ABCAUS Case Law Citation:ABCAUS 2996 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties:Dhakeswari Cotton Mills Ltd. Vs. CIT (1954) 26 ITR 775 (SC)Vidyodaya Educational …
ITAT directed AO to give telescopic benefit for chit contributions as there was no finding that income estimated from business was invested else where ABCAUS Case Law Citation: ABCAUS 2995 (2019) (06) ITAT The only grounds of appeal raised by the assessee in the instant appeal was related …
On rejection of approval u/s 10(23C) no bar in making fresh application, treating application of the assessee as non-est was unjustifiable ABCAUS Case Law Citation: ABCAUS 2994 (2019) (06) ITAT The appeal was filed by the assessee against the order of the Commissioner of Income Tax (Exemptions) on …
Exemption u/s 10(14) allowed to development officers of LIC for conveyance allowance and allowance for procuring new business ABCAUS Case Law Citation: ABCAUS 2993 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: Ramayya & Others (214 ITR 368) K.Pullarao Vs. ITO Various assessees had filed …
Penalty u/s 271D deleted as cash loan was repaid by cheque. Reasons accepted in quantum proceedings should have been accepted in penalty proceeding ABCAUS Case Law Citation: ABCAUS 2992 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: M.S. Lakaiah Dimple Yadav 379 ITR 177 (All.) …
Surplus income from holding exhibition by chamber of commerce held eligible for exemption u/s 11 ABCAUS Case Law Citation: ABCAUS 2991 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: Radiological & Imaging Association vs DDIT The instant appeal filed by the assessee was against the …
