Category: ITAT
Dismissal of appeal without issuing defect memo for delay in filing the appeal-It is well settled that nobody should be condemned unheard ABCAUS Case Law Citation: ABCAUS 2756 (2019) (01) ITAT The assessee had challenged the order of CIT(A) in holding the appeal as belated and hence not …
Advances made to group companies who were short of funds in order to honour cheque not deemed dividend but advances for business purpose. ABCAUS Case Law Citation: ABCAUS 2755 (2019) (01) ITAT Important Case Laws Cited/relied upon by the parties Bright Enterprises Pvt. Ltd. Vs. CIT (2016), 381 …
Applicability of section 44AD for Railway Ticket Commission Agent upheld when in addition to booking he has to arrange conveyance to passengers and luggage ABCAUS Case Law Citation: ABCAUS 2754 (2019) (01) ITAT The assessee had challenged the order of the Commissioner of Income Tax (Appeals) on the …
Addition u/s 69 confirmed when assessee failed to establish link between cash withdrawn and cash found at the time of search In a recent judgment, ITAT Hyderabad has confirmed Addition u/s 69 when assessee failed to establish link between cash withdrawn and cash found at the time of …
Without treating assessee as “assessee in default” u/s 201(1), no disallowance can be made u/s 40(a)(ia) for non deduction of tax at source ABCAUS Case Law Citation:ABCAUS 2752 (2019) (01) ITAT Important Case Laws Cited/relied upon by the partiesCIT vs. Ansal Land Mark Township P Ltd reported in …
Software expenses on Global Dealers Management System of Hyundai motor held to be revenue in nature as it was a recurring expense for better efficiency of running business ABCAUS Case Law Citation: ABCAUS 2751 (2019) (01) ITAT The solitary issue in the instant case was whether software expenses …
Penalty u/s 271D unjustified when bank refused loan and cash was obtained for meeting urgent business expenses as it was a reasonable cause u/s 273B ABCAUS Case Law Citation: ABCAUS 2750 (2019) (01) ITAT The instant appeal by the assessee was against the order passed by the Commissioner …
Penalty u/s 271D was absurd when assessee himself was karta of HUF from where he obtained cash loan-ITAT deleted penalty for violation of section 269SS ABCAUS Case Law Citation: ABCAUS 2749 (2019) (01) ITAT Important Case Laws Cited/relied upon by the parties Rajendra Suryavanshi Vs ACIT (2011) 141 …
Taxability of interest received u/s 28 of Land Acquisition Act 1894. ITAT quashed CIT order believing that division bench order of the Supreme Court was not good law ABCAUS Case Law Citation: ABCAUS 2748 (2019) (01) ITAT Important Case Laws Cited/relied upon: Ghanshyam, HUF reported at 315 …
No penalty u/s 271D can be levied when cash loans were treated as undisclosed income of the assessee u/s 68 of the Income Tax Act – ITAT ABCAUS Case Law Citation: ABCAUS 2743 (2019) (01) ITAT Important Case Laws Cited/relied upon: Diwan Enterprises vs. CIT CIT vs. Standard …
