Category: Judgments
Deduction 54B for agricultural land purchased prior to sale deed allowed. Date of actual transfer or even purchase of new land not always relevant – ITAT ABCAUS Case Law Citation: ABCAUS 2551 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. Janardhan Dass 299 …
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) …
UP Government to form new committee to deal cases where GST Tran-1 could not be filed on last date i.e. 27.12.2017 due to technical glitches in GSTN The Uttar Pradesh Government to form a new committee to take care of the individual cases where the dealers could not …
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 …
Seizure of goods for inadvertent mistake in two digits of truck number in e way bill was nothing but harassment of dealer. The High Court directed release of goods  ABCAUS Case Law Citation: ABCAUS 2542 (2018) 09 HC The Petitioner had filed a writ petition with prayer …
