Category: Judgments
Addition u/s 69 on the basis of unsigned receipts found during search deleted. Such unsigned receipts could not have been treated incriminating documents ABCAUS Case Law Citation:ABCAUS 3251 (2020) (02) ITAT In the instant case, the appellant assessee had challenged the order of the CIT(A) in confirming the …
No penal action on filing of belated GSTR-9/GSTR-9C returns-SC declines to interfere Rajasthan High Court Judgment In a recent judgment, Hon’ble the Rajasthan High Court had directed the GST authorities to accept the filing of GSTR-9 and GSTR-9C from the Petitioner namely Tax Bar Association till February 12th …
TDS deposited before filing ITR is allowable u/s 43B despite assessee following cash method of accounting ABCAUS Case Law Citation:ABCAUS 3249 (2020) (02) ITAT Important case law relied upon by the parties:Associated Law Advisers Vs. ACITCommissioner of Income Tax XIII Vs. Naresh KumarCommissioner of Income Tax Vs. Rajinder …
Car depreciation & insurance allowable irrespective of any personal use by the assessee ABCAUS Case Law Citation:ABCAUS 3248 (2020) (02) ITAT In the instant case, appeal had been preferred by the assessee against the order of the Commissioner of Income Tax (Appeals) in inter alia confirming the addition …
Unutilised MODVAT credit of Excise Duty not allowable u/s 43B. Paying cost of raw materials does not mean that assessee is liable to pay Excise Duty on such raw material/inputs ABCAUS Case Law Citation:ABCAUS 3247 (2020) (02) SC Important case law relied upon by the parties:Eicher Motors Ltd. and another versus Union of India and …
Penalty u/s 271B deleted. Books of Accounts not finalised due to TDS credit mismatch despite assessee made sincere attempts for its rectification and resignation of accountant ABCAUS Case Law Citation:ABCAUS 3246 (2020) (02) ITAT The assessee had filed an appeal against the order of Commissioner of Income Tax …
Depreciation allowable u/s 11(6) when assessee has not claimed cost of fixed assets as application of income in any previous year. ABCAUS Case Law Citation:ABCAUS 3245 (2020) (02) ITAT In this appeal filed by the assessee, the issue was related to disallowance of claim of depreciation u/s 11(6) …
CIT(A) reduced income on appeal which clearly showed non application of mind by AO while recording the reasons, which made reopening bad in law ABCAUS Case Law Citation:ABCAUS 3244 (2020) (02) ITAT Important case law relied upon by the parties:Ganga Saran & Sons P. Ltd. Vs. ITO (1981) …
When all cash credits treated as turnover, capital introduction in cash and machinery purchased should also be considered out of the cash deposits – ITAT ABCAUS Case Law Citation:ABCAUS 3242 (2020) (02) ITAT In the instant case, an appeal was filed by the assessee against the order of …
Rent of land not appurtenant to building is taxable as income from other sources. Rent only from buildings and land appurtenant thereto is treated as house property income ABCAUS Case Law Citation:ABCAUS 3241 (2020) (02) ITAT In the instant case, an appeal was filed by the assessee against …