ITAT

  • Income Tax

Reopening on the basis of alleged VDIS declaration information from CBDT quashed

Reopening on the basis of alleged VDIS declaration information from CBDT quashed when AO was not having declaration / documents…

6 years ago
  • Income Tax

Addition u/s 68 for differences in outstanding balances not confirmed by parties without doubting transactions

Addition u/s 68 for differences in outstanding balances not confirmed by parties cannot be made without doubting identity, creditworthiness and…

6 years ago
  • Income Tax

Condonation of delay in filing appeal due to illness-Medical certificate and affidavit enough to admit appeal

Condonation of delay in filing appeal due to illness-CIT(A) ought to have asked medical certificate and affidavit and admitted appeal…

6 years ago
  • Income Tax

Mere cash deposit in bank account not escapement of income- ITAT quashed reassessment order

Mere deposit of cash in bank account cannot give rise to a belief of Assessing Officer that income had escaped…

6 years ago
  • Income Tax

CIT not justified in disturbing consistent method of closing stock valuation by invoking revisionary jurisdiction

CIT not justified in disturbing consistent method of closing stock valuation by invoking revisionary jurisdiction u/s 263   ABCAUS Case…

6 years ago
  • Income Tax

Claim of deprecation in revised return cannot be denied on the ground it was not claimed in original return

Claim of deprecation in revised return cannot be denied on the ground that it was not claimed in original return.…

6 years ago
  • Income Tax

Bogus Purchase 100 % disallowance-Dismissal of SLP did not merge SLP into order of Supreme Court – ITAT

Bogus Purchase 100% disallowance-Dismissal of SLP by Supreme Court did not merge the dismissal of the SLP into the order…

6 years ago
  • Income Tax

Reopening quashed as assessee was only a benamidar of alleged bank accounts

Reopening quashed as assessee was only a benamidar of alleged bank accounts and no action was taken against the real…

6 years ago
  • Income Tax

Interest on enhanced compensation for Land Acquisition taxable on accrual basis

Interest on enhanced compensation for Land Acquisition taxable on accrual basis as per law laid down by Hon'ble Supreme Court…

6 years ago
  • Income Tax

Concealment penalty deleted when income suo moto declared in return filed u/s 148

Concealment penalty deleted when income suo moto declared in return filed u/s 148 without the same being brought to its…

6 years ago