Category: ITAT
Issue of notice u/s 143(2) on the same day return was filed made the entire assessment illegal for being non application of mind by the AO – ITAT ABCAUS Case Law Citation: ABCAUS 2841 (2019) (03) ITAT Important Case Laws Cited/relied upon by the parties Ashtech Industries Pvt. …
Mere agreeing to increased net profit rate, by itself was no ground to levy penalty u/s 271(1)(c) when it was already higher compared to preceding assessment years – ITAT ABCAUS Case Law Citation: ABCAUS 2840 (2019) (03) ITAT Important Case Laws Cited/relied upon by the parties Harigopal Singh …
Capital gain arose in the year assessee relinquished his rights in the property at the time of allotment by executing agreement to sell ABCAUS Case Law Citation: ABCAUS 2832 (2019) (03) ITAT The Income Tax Department had challenged the order of the CIT(A) in deleting the capital gain …
Agriculture income can only be estimated by considering land holding size. Even big farmers not maintain details expected by Tax Authorities – ITAT ABCAUS Case Law Citation: ABCAUS 2823 (2019) (03) ITAT Important Case Laws Cited/relied upon by the parties Sumati Dayal, 214 ITR 801 Durga Prasad More, …
Addition u/s 68 for cash deposited in bank received from absconding debtor on the ground that notice sent was received back unserved, deleted ABCAUS Case Law Citation: ABCAUS 2822 (2019) (03) ITAT Important Case Laws Cited/relied upon by the parties CIT Vs. Sun Builders, 41 taxman.com 484 (Guj) …
No obligation to deduct TDS when CIT had not rejected Form No. 15G filed by the assessee on the ground of not being filed in time – ITAT ABCAUS Case Law Citation: ABCAUS 2821 (2019) (03) ITAT The appeal in this case was filed by the assessee against …
When AO submitted positive remand report accepting the genuineness of transaction, CIT(A) ought not to have sustained the addition – ITAT ABCAUS Case Law Citation: ABCAUS 2820 (2019) (03) ITAT The appeal in this case was filed by the assessee against the order of CIT(A) in confirmation of …
Penalty u/s 271E for repayment of loan in cash was deleted as the NBFC had insisted on cash payment due to weak financial position and default in loan repayment ABCAUS Case Law Citation: ABCAUS 2819 (2019) (03) ITAT The appeal involved was filed by the assessee against the …
Cash deposits in bank can be explained as out of gross receipts u/s 44AD from contract business. ITAT deleted addition made on the basis of peak cash credit ABCAUS Case Law Citation: ABCAUS 2818 (2019) (03) ITAT The assessee had challenged the order of the CIT (Appeals) in …
Exemption u/s 54F for plot in the name of HUF allowed by ITAT following High Court judgment as members of HUF were not stranger and money was contributed by assessee. ABCAUS Case Law Citation: ABCAUS 2817 (2019) (03) ITAT Important Case Laws Cited/relied upon by the parties CIT …
