Judgments

  • Income Tax

In revision proceedings CIT cannot go beyond reasons given in SCN u/s 263 – SC dismisses SLP

In revision proceedings CIT cannot travel beyond the reasons given in the show-cause notice u/s 263 – Supreme Court dismisses…

10 months ago
  • Income Tax

No penalty u/s 271F as due to mistake of DDO wrong PAN was mentioned in 26AS

No penalty u/s 271F as due to mistake of DDO wrong PAN was mentioned in 26AS and assessee was precluded…

10 months ago
  • Income Tax

Benefit of concessional rate of tax u/s 115BAA – Assessee has to file Form No. 10IC once only

Benefit of concessional rate of tax u/s 115BAA can not be denied on the premise that assessee has to file…

10 months ago
  • Income Tax

Depositing unutilized capital gain amount in a special account is only a procedural matter

Depositing unutilized capital gain amount in a special account is only a procedural matter, and non-compliance thereof cannot result in…

10 months ago
  • Income Tax

Onus can’t be put on assessee to prove that alleged cash transaction did not take place

Assessing Officer was wrong to put the onus on assessee to prove that alleged cash transaction did not taken place…

10 months ago
  • Income Tax

Reasons of reopening done must first survive to make addition on additional issues

Reasons on which reopening done must first survive to make addition on additional issues also – ITAT explains Explanation 3…

10 months ago
  • Income Tax

Denial of Registration u/s 12AB remanded as notices issued & hearing concluded in short span

Denial of Registration u/s 12AB remanded for de novo consideration when notices were issued at very close intervals and hearing…

10 months ago
  • Income Tax

Revision u/s 263 justified due to cash payments of credit card not examined – ITAT

Revision u/s 263 was justified due to contradictory stand of assessee on credit card cash payments was left out of…

10 months ago
  • Income Tax

Partnership deed can not be said invalid as stamp paper was issued on a prior date – ITAT

Assessing Officer was wrong to disbelieve partnership rectification deed when stamp paper was issued on a prior date - ITAT…

10 months ago
  • Income Tax

No addition for cash deposit in bank up to Rs. 2.50 lakhs. ITAT deleted addition

ITAT deleted addition for cash deposits in bank during demonetization period following CBDT Instruction that no addition to be made up…

11 months ago