Category: Judgments
No addition u/s 41(1) can be made unless liability is written off in accounts. AO has to brought evidence on record to show that liability has ceased ABCAUS Case Law Citation: ABCAUS 2940 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties CIT v. Bhogilal Ramjibhai …
No addition made on account of reasons recorded for reopening, the reassessment, order passed was vitiated in law – ITAT ABCAUS Case Law Citation: ABCAUS 2939 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: CIT v. Jet Airways (I) Ltd. (2011) 52 DTR 71 Shri …
Reassessment without fresh material with the Assessing Officer to believe that income has escaped assessment is invalid ABCAUS Case Law Citation: ABCAUS 2938 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Income Tax Officer, Ward 2(4) Vs. Chetna Surana In the instant appeal, the assessee …
Franchise of Kidzee school chain denied registration u/s 12AA as Trust was running with primary objective of branding and earning commercial profits. ABCAUS Case Law Citation:ABCAUS 2937 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties:CIT Vs. Highlanders Educational AcademyMeritta Welfare Trust Vs. CIT 44 ITR …
Penalty u/s 271BA deleted for not uploading audit report in Form No. 3CEB due to technical glitches when report was obtained before prescribed date ABCAUS Case Law Citation: ABCAUS 2936 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Ajit Singh Rana Vs. ACIT (2013) 33 …
If books of account not maintained penalty u/s 271B cannot be levied for non audit u/s 44AB. ITAT deleted penalty u/s 271B and sustained penalty u/s 271A ABCAUS Case Law Citation: ABCAUS 2935 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties CIT Vs. S.K. Gupta …
Inadequate enquiry leading to assumption of incorrect facts makes the order erroneous and prejudicial to the interests of the revenue – ITAT upheld the Revision order passed u/s 263 ABCAUS Case Law Citation: ABCAUS 2934 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Gee Vee …
Notice by affixture in the name of dead assessee showed that Tax Official actually did not went there else they could have come to know about death ABCAUS Case Law Citation: ABCAUS 2932 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Sumit Balkrishna Gupta Vs. …
Assessment made on the basis of wrong cash book printed out from tally package with negative figures, ignoring correct cash book remanded by ITAT ABCAUS Case Law Citation: ABCAUS 2931 (2019) (05) ITAT The appeals filed by the separate was directed against the common order of the Commissioner …
Disallowance u/s 184(5) not have cause and effect relationship with assessment being framed under section 144 – ITAT upheld additions ABCAUS Case Law Citation: ABCAUS 2930 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties M/s. Jai Hanuman Enterprises vs ITO The appellant assessee was a …
