Category: Judgments
Order giving effect to appellate order is also appealable u/s 246A of the Income Tax Act. If appeals allowed on the legal ground, additions on merits cannot be sustained ABCAUS Case Law Citation: ABCAUS 2771 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties CIT Vs. …
Condonation of delay u/s 119(2)(b) for mistake of chartered accountant allowed. limitation when lead to hardships, should be construed in a reasonable manner-High Court In a recent judgment, Delhi High Court has quashed order u/s 119(2)(b) denying condonation of delay in filing refund application observing that limitation when …
Merely because share prices rose abnormally or other persons involved bogus transactions, Long Term Capital Gain exemption u/s 10(38) can not be denied – ITAT ABCAUS Case Law Citation: ABCAUS 2769 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties Jankinath Sarangi Vs State of Orissa …
Non mentioning reasons recorded for reopening in the assessment order proved that assessment was framed in haste without providing adequate opportunity – ITAT ABCAUS Case Law Citation: ABCAUS 2768 (2019) (02) ITAT The appellant assessee had sought to set aside the impugned order passed by CIT(A) confirming the …
When assessee not maintained books of account and filed under presumptive section, cash deposit in bank were correlated to the turnover – ITAT ABCAUS Case Law Citation: ABCAUS 2767 (2019) (02) ITAT The appellant assessee had sought to set aside the impugned order passed by CIT (Appeals) in holding …
When assessment was framed u/s 144 rejection of application by CIT(A) under Rule 46A to lead additional evidence was unjustified – ITAT ABCAUS Case Law Citation: ABCAUS 2766 (2019) (02) ITAT The appellant assessee had sought to set aside the impugned order passed by CIT (Appeals), The Assessing …
High Court erred in holding that one bogus donation would not establish that activities of trust not genuine – Supreme Court ABCAUS Case Law Citation: ABCAUS 2765 (2019) (02) SC The Commissioner of Income tax (Exemptions) was aggrieved by the Order passed by the High Court in quashing …
Harassing assessee in the pretext of verifying documents futile exercise – ITAT deleted additions u/s 68 made for cash deposits in bank ABCAUS Case Law Citation: ABCAUS 2764 (2019) (01) ITAT The appeal of the assessee was directed against the order passed by the learned Commissioner of Income …
No arrest for non payment of service tax without show cause notice – Supreme Court upholds Delhi High Court Judgment ABCAUS Case Law Citation:ABCAUS 2763 (2019) (01) SC The Delhi High Court had quashed the arrest for non payment of service tax without show cause notice. The High …
Members of suspended Board of Directors of corporate debtor entitled to insolvency resolution plans presented at COC meetings under Section 25(2)(i) – SC ABCAUS Case Law Citation: ABCAUS 2762 (2019) (01) SC The Petitioner was aggriebed by the order of the Appellate Tribunal rejecting the prayer for directions …
