Category: Judgments
Addition for shortage in food grain stock ignoring excess quashed as it was made on the basis of earlier years agreed additions only – ITAT ABCAUS Case Law Citation: 1024 (2016) (09) ITAT Assessment Year: 2010-11 Brief Facts of the Case: The assessee was engaged in the trading of …
Addition for incorrect salary in form 26AS of IAS Officer quashed in view of contradiction in certificate by Chief Treasury Officer and Form 26AS – ITAT ABCAUS Case Law Citation: 1023 (2016) 09 ITAT Assessment Year 2011-12 Brief Facts of the Case: The assessee was an IAS Officer …
Double depreciation claim by charitable trust allowed as application of income up to 31-03-2014 as it has been barred u/s 11(6) from AY 2015-16-ITAT ABCAUS Casse Law Citation: 1022 (2016) (09) ITAT AY 2005- 06 and AY 2010-11 Brief Facts of the Case: The present appeal(s) was filed …
Unavoidable circumstances for waiver of interest us 234A also qualify for reduction/waiver of 234B 234C interest as well-Madras High Court. ABCAUS Case Law Citation: 1021 (2016) (09) HC Brief Facts of the Case: The petitioner assessee filed the present writ petitioner challenges the order passed by the Commissioner of Income Tax (CIT) …
No addition on the basis of surrender made at the time of survey. It is to be based on evidences material as unlike section 132(4), survey team not authorised to administer an oath u/s 133A- ITAT ABCAUS Case Law Citation: 1020 (2016) (09) ITAT Brief Facts of the Case: The …
No contempt of Court for direction to do something impossible. The Supreme Court deplores High Court in holding appellant guilty and imposing sentence. ABCAUS Case Law Citation: 1019 (2016) (09) SC Brief Facts of the Case: In the instant case, the appellant was held guilty of contempt of Court by …
No Vacancy allowance us 23(1)(c) if property actually not let out at all even for a single day during the previous year. There is no anomaly in the Law-ITAT ABCAUS Case Law Citation: 1017 (2016) (09) ITAT Assessment Year: 2009-10 Brief Facts of the Case: The appellant …
Search warrant in the name of assessee and family members. The word ‘family members’ can not be stretched to include wife, spouse, daughter or children, a person should be specifically named in the search warrant – Rajasthan High Court. ABCAUS Case Law Citation: 1016 (2016) (09) HC Brief Facts …
CA floated 90 companies for fake accommodation entries. However Reopening u/s 147 held bad as merely based on Investigation Wing Report which is without application of mind. ABCAUS Case Law Citation: 1015 (2016) (09) ITAT Brief Facts of the Case: A search operation u/s 132 of the Income-tax …
Recording two separate reasons for reopening u/s 147 148 bad as it itself shows non-application of mind and assumption of wrong jurisdiction – ITAT ABCAUS Case Law Citation: 1014 (2016) (09) ITAT Brief Facts of the Case: In the instant case, the assessee was aggrieved by the order …
