Category: ITAT

Cryptic order passed in casual manner by CIT(A) liable for imposition of cost on account of gross violation of statutory provisions of law and principles of natural justice. In a recent judgment, the ITAT Amritsar has held that a cryptic order passed in casual manner by the CIT(A) …

Loose excel sheets without any corroboration thereof, was not adequate enough to draw adverse inference of unaccounted loans by the assessee-firm – ITAT In a recent judgment, the ITAT Chennai has held that loose excel sheets found during search without any corroboration thereof, was not adequate enough to …

Penalty u/s 271B confirmed for lack of proof that Books of accounts were destroyed by termite In a recent judgment, the ITAT Visakhapatnam has confirmed penalty u/s 271B holding that assessee was not able to submit any evidences to show that books of accounts were destroyed by white …

Whether assessee filed or not filed return in view of section 10(26)(AAA) tax can not be levied on the assessee being a Sikkimese. In a recent judgment, the ITAT Kolkata has held that irrespective of whether assessee filed or not filed return of income, in view of section …

Sale/purchase of jewellery increased substantially on 08.11.2016 after announcement of demonetization – ITAT deleted addition u/s 69A In a recent judgment, the ITAT Delhi Has deleted addition made u/s 69A observing that the sale and purchase of the jewellery was increased substantially after announcement of demonetization on 08.11.2016 …

There is no statutory requirement for an agriculturist to maintain books of accounts – ITAT In a recent judgment, the ITAT Allahabad has held that there is no statutory requirement for an agriculturist to maintain books of accounts and the insistence on documentary evidences of the nature required …

When entire agricultural produce was fully vouched and sold through Krishi Upaj Mandi, the sale is beyond doubt – ITAT In a recent judgment, ITAT Jaipur has held that when entire agricultural produce was fully vouched and sold through Krishi Upaj Mandi, the sale is beyond doubt. ABCAUS …

TDS can’t be denied where assessee offered income from NHAI contracts in earlier years but TDS had been deducted in subsequent assessment years In a recent judgment, ITAT Delhi has held that TDS cant be denied in a situation wherein, the assessee had offered income from NHAI contracts …

Procedure is handmaid of justice – ITAT deleted addition made as a consequence of filing wrong ITR by assessee. In a recent judgment, ITAT Chandigarh has held that procedure is handmaid of justice. Assessee cannot be said to gain anything by filing a wrong ITR intentionally, knowing that …

Non supplying “reasons to believe” to assessee made the assessment lacking valid assumption of jurisdiction – ITAT In a recent judgment, ITAT Raipur has held that when the Assessing Officer (AO) despite specific request of the assessee failed to provide to him a copy of the “reasons to …