Category: ITAT
Two penalty orders 271(1)(b) for the same default without issue of show cause. ITAT quashed penalty imposed before the issue of show cause notice ABCAUS Case Law Citation: ABCAUS 2550 (2018) (10) ITAT The assessee had filed an appeal before the Tribunal against the order of CIT(A) arising …
Addition for no withdrawal for household expenses-Contention that husband met out all expenses did not justify nil withdrawal by assessee wife – ITAT ABCAUS Case Law Citation: ABCAUS 2549 (2018) 09 ITAT No household expenses withdrawal claiming husband paid all expenses The Case was selected for scrutiny through …
Employee working in Govt department for a long period of time, cannot be presumed to not having any cash in hand – ITAT deleted addition for unexplained opening cash in hand as per cash flow statement ABCAUS Case Law Citation: ABCAUS 2548 (2018) 09 ITAT Govt employee cannot …
Rejection of books of account for non inclusion of freight and cartage in the value of the closing stock had distorted the correct figure of profit. Therefore, the AO was within his right to reject the books of accounts u/s 145(3) ABCAUS Case Law Citation: ABCAUS 2547 (2018) …
Disallowance u/s 40A(3) for cash payments to wife for house purchase deleted by ITAT when plea of the assessee was not disputed ABCAUS Case Law Citation: ABCAUS 2545 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: CIT vs. Crescent Export Syndicate The case of the …
Bank branch TDS deposit and return filed by zonal office. AO treated branch as assessee in default. ITAT remanded matter to AO for verification ABCAUS Case Law Citation: ABCAUS 2544 (2018) 09 ITAT The appellant assessee was a branch of a Nationalised Bank. The bank branch had deducted …
Section 80IA deduction for installation of traffic signal and pedestrian foot bridge allowed as infrastructure facility being integral part of road including a bridge ABCAUS Case Law Citation: ABCAUS 2543 (2018) 09 ITAT This appellant company had preferred an appeal against the revision order of the Pr. CIT …
Assured return received on flat booking from Builder was interest income not capital receipt or income from other sources ABCAUS Case Law Citation: ABCAUS 2539 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. Saurashtra Cement Ltd (2010) 325 ITR 042 (SC) : 192 …
Deduction u/s 54B allowed for purchase of agricultural land in the name of son to avoid future family disputes relating to the inheritance of the property ABCAUS Case Law Citation: ABCAUS 2538 (2018) 09 ITAT The appellant assessee was aggrieved by the order of the CIT(A) for the …
Expenditure incurred for maintenance of immature rubber plants in replanted areas not allowable as deduction as per High Court judgment The assessee had challenged the order of CIT(A) in upholding the assessment order of the AO disallowing the cost of planting and maintenance of immature rubber plants. ABCAUS …
