Category: ITAT
False declaration of trucks by transporter-assessee cannot be held guilty for non deduction of TDS u/s 194C as his liability ceased with declaration ABCAUS Case Law Citation: ABCAUS 2606 (2018) (11) ITAT Important Case Laws Cited/relied upon: Steel Authority of India Limited v. Additional Commissioner of Commercial Tax …
No concealment penalty can be levied for only change of head of income – ITAT deleted penalty for change head from capital gains to business income ABCAUS Case Law Citation: ABCAUS 2604 (2018) (11) ITAT Important Case Laws Cited/relied upon: M/s Crown Tradelink Pvt. Ltd. Vs. The ACIT …
No penalty u/s 271(1)(b) leviable in the case of change of counsel resulting in non compliance of notices- ITAT deleted penalty ABCAUS Case Law Citation: ABCAUS 2603 (2018) (11) ITAT The instant appeal was filed by the revenue against the order of the CIT(A) in confirming penalty imposed …
Cash deposit in bank out of withdrawal made two years back-Revenue authorities can not dictate what assessee should do with cash withdrawn from bank ABCAUS Case Law Citation: ABCAUS 2602 (2018) (10) ITAT Important Case Laws Cited/relied upon: Smt P. Padmavathi v. ITO, ITA No.414 of 2009, R. …
Ex parte order passed without considering e-mail sent to Assessing Officer and CIT(A) restored back to AO by ITAT ABCAUS Case Law Citation: ABCAUS 2601 (2018) (10) ITAT The instant appeal was filed by the revenue against the order of the CIT(A). The assessee was an individual and …
Penalty imposed by Supreme Court for illegal mining held compensatory in nature and allowed as business expenditure u/s 37(1) of the Income Tax Act ABCAUS Case Law Citation: ABCAUS 2600 (2018) (10) ITAT Important Case Laws Cited/relied upon: Essel Mining & Industries Ltd vs. Addl. CIT ACIT vs. …
No penalty u/s 272A(2)(k) for delay in filing TDS returns when tds was deposited in within time and delay was due to technological glitches due to switchover of filing of TDS return in paper forms to e-filing- ITAT ABCAUS Case Law Citation: ABCAUS 2599 (2018) (10) ITAT Important …
Mere fall in net profit rate by itself no ground to increase profit rate as compared to the preceding assessment years as profit cannot be static each year – ITAT ABCAUS Case Law Citation: ABCAUS 2598 (2018) (10) ITAT The appellant assessee was aggrieved by the order of …
ITAT explains law of appeal to CIT-A of revisionary order passed u/s 263. When CIT himself enhanced income, appeal would not lie to CIT(A) ABCAUS Case Law Citation: ABCAUS 2596 (2018) (10) ITAT The assessee had filed an appeal against the orders of the CIT(A) in holding that …
Delay in filing appeal for negligence and laches of counsel cannot be condoned as avoidable cause for delay by due care and attention cannot be sufficient cause – ITAT ABCAUS Case Law Citation: ABCAUS 2595 (2018) (10) ITAT The appellant assessee’s appeal was directed against the order passed …