Category: Judgments
Donations can not be said anonymous u/s 115BBC as receiver of donation has to maintain identity of the donors to the extent of name and address only. No addition can be made for anonymous donation on the ground that confirmations from donors had not been filed – ITAT …
The fact that assessee was a rural lady and never been in a tax-payer category in itself is sufficient that she has no unexplained money In a recent judgment ITAT has held that a rural lady who never been in a tax-payer category in itself is sufficient to …
Arm’s Length Price allowable variation limits u/s 92C notified for AY 2023-24 MINISTRY OF FINANCE(Department of Revenue) Notification No. 46/2023 New Delhi, the 26th June, 2023 INCOME-TAX S.O. 2777(E).—In exercise of the powers conferred by the third proviso to sub-section (2) of section 92C of the Income-tax Act, …
Late Fee u/s 234E deleted as the assessee was a senior citizen and had deposited TDS amount immediately and delay in filing TDS return was on account of human error due to old age In a recent decision, ITAT deleted late fee u/s 234E where the assessee was …
Simply because the overseas employer paid salary into NRE account of the assessee in India, would by itself, not imply that the income is taxable in India In a recent judgment ITAT has held that only because the overseas employer paid salary into NRE account of the assessee …
Intimation issued u/s 143(1) after issue of notice u/s 143(2) legally invalid. Intimation u/s 143(1)(a) can not be issued after notice for regular assessment has been issued under section 143(2) ITAT in a recent judgment has confirmed that Intimation issued u/s 143(1) after issue of notice u/s 143(2) …
Compensation to owner of flats for delay in handing over possession to be treated as a part of work-in-progress – ITAT ABCAUS Case Law Citation:ABCAUS 3771 (2023) (06) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in National Faceless Appeal Centre …
ITD says mentioning correct contact & email id details in efiling portal is assessee’s mandatory duty. Ignorance of law and process not to be encouraged ABCAUS Case Law Citation:ABCAUS 3770 (2023) (06) ITAT In the instant case, the assessee was aggrieved by the ex-parte orders of first appellate …
When examining details, CIT(Appeals) was not clear as to nature then expenses cannot be disallowed by CPC under artificial intelligence – ITAT ABCAUS Case Law Citation:ABCAUS 3769 (2023) (06) ITAT In the instant case, the assessee had challenged the order passed by the The National Faceless Appeal Centre …
Penalty u/s 271B deleted where accountant handling accounts suddenly left the job but assessee furnished audit report before completion of assessment. ABCAUS Case Law Citation:ABCAUS 3768 (2023) (06) ITAT In the instant case, the assessee had challenged the order passed by the The National Faceless Appeal Centre (NFAC)/ …