Category: ITAT
Sale of Edible white button mushroom held as agricultural income exempt u/s 10(1). Soil even when separated from land continues to be a specie of it – ITAT ABCAUS Case Law Citation: ABCAUS 2419 (2018) 07 ITAT The Hon’ble President ITAT had referred the following question to the …
Authorities should give specific finding on explanation of assessee in the light of the case law relied upon. ITAT remands penalty u/s 271E for repayment of loan in cash ABCAUS Case Law Citation: ABCAUS 2414 (2018) 07 ITAT The instant appeal was filed by the assessee against the …
Ad hoc disallowance of expenses for personal use of vehicle telephone deleted as AO did not bring any finding of fact against the assessee on record-ITAT ABCAUS Case Law Citation: ABCAUS 2413 (2018) 07 ITAT The instant appeal was filed by the assessee against the order passed by …
Disallowance of Partners remuneration of CA firm deleted by ITAT as the deed mentioned the method of quantification u/s 40(b)(v) of the Income Tax Act ABCAUS Case Law Citation: ABCAUS 2410 (2018) 07 ITAT The instant appeal was filed by a chartered accountants firm against the order of …
Penalty for concealment can not be imposed when notice issued was for furnishing inaccurate particulars of income – ITAT ABCAUS Case Law Citation: ABCAUS 2409 (2018) 07 ITAT The instant appeal was filed by the assessee against the order of the CIT(A) against the confirmation of penalty levied …
No disallowance u/s 36(1)(iii) can be made for cash-in-hand over the certain period of time unless cogent material is brought to show that it was utilized for undisclosed purpose – ITAT ABCAUS Case Law Citation: ABCAUS 2405 (2018) 07 ITAT The instant appeal by the assessee was directed …
Unexplained cash credit addition u/s 68 for house constructed deleted on the basis of cash in hand balance in balance sheet filed along with return ABCAUS Case Law Citation: ABCAUS 2403 (2018) 07 ITAT The instant appeal had been filed by the assessee against the Order of the …
Inflated value of furniture as part of property sale price to save stamp duty rightly taxed as unexplained cash credit u/s 68 of the Income Tax Act – ITAT ABCAUS Case Law Citation: ABCAUS 2402 (2018) 07 ITAT The instant appeal has been filed by the assessee against …
Refusal to grant adjournment sought by person not authorized by assessee and passing of ex parte order remanded by ITAT holding that defect could have been rectified ABCAUS Case Law Citation: ABCAUS 2401 (2018) 07 ITAT The instant appeal was filed by the assessee against the order of …
Penalty u/s 271(1)(b) can not be imposed for non compliance of notice issued under section 148 – ITAT ABCAUS Case Law Citation: ABCAUS 2400 (2018) 07 ITAT The instant appeal was filed by the assessee against the order of the CIT-Appeals in upholding the action of the Assessing …
