Misplacement of record by assistant constitute sufficient reason for condonation of delay – ITAT In a recent judgment, the ITAT has held that misplacement of record by assistant constituted sufficient reason for condonation of delay. ABCAUS Case Law Citation:ABCAUS 3838 (2024) (01) ITAT In the instant case, the …

Section 269SS not apply to cash receipt of sale consideration of immovable property, it deals only with loan or deposit – ITAT In a recent judgment, ITAT has held that section 269SS of the Act does not deals with the receipt of ‘sale consideration of immovable property’ in …

Stock surrendered during survey held business income not cash credits or unexplained money u/s 69 or 69A. Question of application of section 115BBE doesn’t arise for consideration – ITAT In a recent judgment, the ITAT has held that stock surrendered during survey was business income not cash credits …

Deduction u/s 54F allowable despite postdated cheque not cleared or details thereof not mentioned in agreement – ITAT In a latest judgment, ITAT has allowed Capital Gain Exemption / deduction u/s 54F despite postdated cheque not cleared within the due date for filing of return or details of …

ITAT deleted addition towards unexplained money u/s 69A made on the basis of whatsapp chat retrieved from mobile during search operation ABCAUS Case Law Citation:ABCAUS 3834 (2024) (01) ITAT Important Case Laws relied upon by parties:Ashwini Kumar v. ITO (1991) 39 ITD 183Mr. A. Johnkumar vs. DCITAtul Tantia …

Special procedure to be followed by a registered person engaged in manufacturing of certain goods   CBIC vide Notification No. 08/2024- Central Tax dated 10th April 2024 has extended the date of applicability of this notification from 1st April 2024 to 15th May 2024   GOVERNMENT OF INDIA …