ITAT

  • Income Tax

Jewellery Bills found during search-Benefit of CBDT Instruction available if only bills are found

Jewellery Bills found during search-benefit of CBDT Instruction can not be denied if only bills are found and the jewellery…

5 years ago
  • Income Tax

Interest free Advances by charitable society-ITAT rules out violation of Income Tax provisions

Interest free Advances by charitable society-ITAT rules out violation of provisions of Section 13(1)(c) and 13(1)(d) of the Income Tax…

5 years ago
  • Income Tax

No Penalty u/s 271(1)(c) for addition on account of closing stock valuation by adopting a different method

No Penalty u/s 271(1)(c) for addition on account of closing stock valuation by adopting a different method when there is…

5 years ago
  • Income Tax

When details are maintained donations cannot be called anonymous u/s 115BBC

When details are maintained donations cannot be called anonymous u/s 115BBC merely for notices u/s 133(6) returned unserved ABCAUS Case…

5 years ago
  • Income Tax

Order giving effect to appellate order is also appealable u/s 246A

Order giving effect to appellate order is also appealable u/s 246A of the Income Tax Act. If appeals allowed on…

5 years ago
  • Income Tax

Merely because share prices rose abnormally exemption u/s 10(38) can not be denied

Merely because share prices rose abnormally or other persons involved bogus transactions, Long Term Capital Gain exemption u/s 10(38) can…

5 years ago
  • Income Tax

Non mentioning reasons recorded in assessment order proved it was framed in haste – ITAT

Non mentioning reasons recorded for reopening in the assessment order proved that assessment was framed in haste without providing adequate…

5 years ago
  • Income Tax

If books not maintained under presumptive section, cash deposit in bank correlates to turnover-ITAT

When assessee not maintained books of account and filed under presumptive section, cash deposit in bank were correlated to the…

5 years ago
  • Income Tax

For assessment framed u/s 144 rejection of application to lead additional evidence unjustified – ITAT

When assessment was framed u/s 144 rejection of application by CIT(A) under Rule 46A to lead additional evidence was unjustified…

5 years ago
  • Income Tax

Harassing assessee in pretext of verifying documents is futile exercise – ITAT

Harassing assessee in the pretext of verifying documents futile exercise - ITAT deleted additions u/s 68 made for cash deposits…

5 years ago