Category: ITAT
Accumulation of charitable income u/s 11(1)(a) for incidental business is to be calculated on net profits not gross receipts. ABCAUS Case Law Citation:ABCAUS 3662 (2023) (02) ITAT Important Case Laws covered:Holy Spirit v/s. DCIT (Exemption)CIT vs. Thanthi Trust (2001) 247 ITR 785 (SC) Programme for Community Organization, (2001) …
Furnishing of return is complete for the purposes of Section 234A and Section 139 of the Act, the moment it is put in the course of transmission by way of uploading – ITAT ABCAUS Case Law Citation:ABCAUS 3660 (2023) (02) ITAT In the instant case, the assessee had …
Deductions should not be disallowed merely for any bona fide mistake or error of the taxpayer – ITAT allows Deduction u/s 80IA ABCAUS Case Law Citation:ABCAUS 3659 (2023) (02) ITAT Important Case Laws covered:CIT vs. G. M. Knitting Industries (P) Ltd. & OthersM/s Aks Alloys (P) Ltd. 2013 …
Credit for TCS made in the hands of partner allowed to partnership firm. If ultimate conclusion on application u/s 154 can only be one particular conclusion then it can be said that the issue is debatable – ITAT ABCAUS Case Law Citation: ABCAUS 3658 (2023) (02) ITAT Important …
Ex parte order remanded as notices not sent to e-mail address mentioned in Appeal Form-35 but to email linked to PAN ABCAUS Case Law CitationABCAUS 3656 (2023) (02) ITAT In the instant case, the assessee had challenged the ex parte order passed by the CIT(A) on the ground …
Mistake by CA in Tax Audit Report if demonstrated with relevant material enough, Insistence of correction in audit report is not justified ABCAUS Case Law CitationABCAUS 3654 (2023) (02) ITAT Important Case Laws covered:Checkmate Services Pvt. Limited vs. CIT In the instant case, the appellant assessee was in …
There is no legal authority by or under which the revenue-authorities can make a lump-sum disallowance. Lump sun disallowance made without rejecting books of account deleted. ABCAUS Case Law CitationABCAUS 3652 (2023) (02) ITAT Important Case Laws relied upon:ACIT vs. Genda Lal Hazarilal & Company 134 Taxmann 384 …
Direction for Special Audit u/s 142(2A) of CA firm quashed by ITAT as without meeting prerequisite of section 142(2A) ABCAUS Case Law CitationABCAUS 3651 (2023) (02) ITAT Important Case Laws relied upon:Sahara India Firm vs. Commissioner of Income Tax (2008) 300 ITR 403(SC)Rajesh Kumar vs. PCIT (2006) 287 …
Once income suffered TDS it cannot be said to be undisclosed income – ITAT ABCAUS Case Law CitationABCAUS 3650 (2023) (01) ITAT Important Case Laws relied upon:Samson Maritime Ltd. vs CITMak Data 258 ITR 593 (SC)Dharmendra Textiles Processors (2007) 295 ITR 244CIT vs Vidyagauri Natwar Lal, 238 ITR …
If one proceeding is saved, other has to be quashed – interesting judgment of ITAT on reassessment and penalty proceedings. ABCAUS Case Law CitationABCAUS 3649 (2023) (01) ITAT This interesting judgment of the ITAT deals with one quantum-appeal filed by assessee against the order passed by Commissioner of …
