Category: ITAT
Presumption that commission cannot be paid for purchase wrong. No evidence that commission came back to assessee or agents were related parties – ITAT ABCAUS Case Law Citation: ABCAUS 2533 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Commissioner of Income Tax Vs Inbuilt Merchants …
Tax Authorities acting as handwriting experts holding wage register fabricated. ITAT quashed the disallowance based on probability of forged signatures ABCAUS Case Law Citation: ABCAUS 2532 (2018) 09 ITAT The assessee was a manufacturing footwear. During the assessment proceedings, it was observed by the AO that the salary …
Reopening on the basis of alleged VDIS declaration information from CBDT quashed when AO was not having declaration / documents while recording reasons ABCAUS Case Law Citation: ABCAUS 2530 (2018) 09 HC The appellant assessee had filed an appeal against the order of the CIT(A) challenging the initiation …
Addition u/s 68 for differences in outstanding balances not confirmed by parties cannot be made without doubting identity, creditworthiness and genuineness of transactions. ABCAUS Case Law Citation: ABCAUS 2529 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Aurobindo Sanitary Stores vs. CIT 2005-(IT3)-GJX-0127-ORI. DCIT vs. …
Condonation of delay in filing appeal due to illness-CIT(A) ought to have asked medical certificate and affidavit and admitted appeal and disposed it on merit – ITAT ABCAUS Case Law Citation: ABCAUS 2528 (2018) 09 ITAT The appellant assessee was aggrieved by the order of CIT(A) who had …
Mere deposit of cash in bank account cannot give rise to a belief of Assessing Officer that income had escaped assessment. ITAT quashed reassessment order ABCAUS Case Law Citation: ABCAUS 2527 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: National Thermal Power Co. Ltd. vs. …
CIT not justified in disturbing consistent method of closing stock valuation by invoking revisionary jurisdiction u/s 263 ABCAUS Case Law Citation: ABCAUS 2526 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: United Commercial Bank vs. CIT (1999) 240ITR 355 (SC), CIT vs. British Paints …
Claim of deprecation in revised return cannot be denied on the ground that it was not claimed in original return. Section 119(2)(b) had no applicability to the case- ITAT ABCAUS Case Law Citation: ABCAUS 2517 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Principal Commissioner …
Bogus Purchase 100% disallowance-Dismissal of SLP by Supreme Court did not merge the dismissal of the SLP into the order of the Apex Court – ITAT ABCAUS Case Law Citation: ABCAUS 2516 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Malabar Industrial Co. Ltd. vs. …
Reopening quashed as assessee was only a benamidar of alleged bank accounts and no action was taken against the real account holder ABCAUS Case Law Citation: ABCAUS 2514 (2018) 09 ITAT The instant appeal has been preferred by the Assessee against the order passed by the CIT(A) whereby …
