Category: ITAT
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 …
Interest on enhanced compensation for Land Acquisition taxable on accrual basis as per law laid down by Hon’ble Supreme Court ABCAUS Case Law Citation: ABCAUS 2512 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: M/s Rama Bai vs CIT By the instant appeal was filed …
Concealment penalty deleted when income suo moto declared in return filed u/s 148 without the same being brought to its notice by the AO ABCAUS Case Law Citation: ABCAUS 2511 (2018) 09 ITAT By the instant appeal was filed by the assessee against the order of the Commissioner …
Asking details of land improvement cost incurred 25 years ago uncalled for. ITAT allows ad-hoc deduction of 25% of cost of improvement claimed. ABCAUS Case Law Citation: ABCAUS 2509 (2018) 09 ITAT This appeal was filed by the assessee against the order of CIT(A) confirming disallowance towards cost …
No ad hoc disallowance without pointing out any deficiency in the books of account or vouchers. ITAT deletes the addition ABCAUS Case Law Citation: ABCAUS 2508 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Commissioner of Excess Profits Tax vs. S.R.V.G. Press Co. 42 ITR …
CA made a big mistake by withdrawing appeal against the penalty order on winning quantum appeal. CIT(A) was not justified to dismiss appeal as withdrawn and not deciding it on merits – ITAT ABCAUS Case Law Citation:ABCAUS 2506 (2018) 09 ITAT Important Case Laws Cited/relied upon by the …
Interest u/s 201(1A) chargeable up to date of payment and not upto the date of filing of return of income by the deductees – ITAT ABCAUS Case Law Citation: ABCAUS 2505 (2018) 09 ITAT The instant appeal was filed by the appellant assessee against the Order of the …
Forming Opinion on assumption of incorrect facts that income has escaped assessment. Reopening quashed as AO did not verify AIR information before taking any action against the assessee ABCAUS Case Law Citation: ABCAUS 2505 (2018) 09 ITAT The instant appeal was filed by the appellant assessee against the …
