CBDT revises exceptions to monetary limits for filing appeals u/s 158AB where identical question of law is pending before High Court or Supreme Court Circular No. 8/2023 No. 279IMisc./M-93/2018-ITJ(Pt.) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes, New Delhi *****   …

Maintenance charge income received from tenants held income from business or profession not income from house property. ABCAUS Case Law Citation:ABCAUS 3764 (2023) (06) ITAT Important Case Laws relied upon:M/s. Kirloskar Systems Ltd. vs. ACITCIT vs. Model Manufacturing Co. Pvt. Ltd. (1986) 159 ITR 270CIT vs. Kanak Investments …

Addition of Mobilization Advances based on gross receipts as per 26AS statement deleted as mobilization advance was offered to tax over the life of the project ABCAUS Case Law Citation:ABCAUS 3763 (2023) (06) ITAT In the instant case, the Department had challenged the order passed by the CIT(A) …

Delay in filing appeal condoned due to mismatch in aadhaar and pan data not allowing e-verification by OTP ABCAUS Case Law Citation:ABCAUS 3762 (2023) (06) ITAT In the instant case, the appellant assessee had challenged the order passed by the CIT(A) in dismissing the assessee’s appeal in limine …

Tax Audit provisions do not apply to items of other income shown in Profit & Loss Account when business turnover is Nil – ITAT ABCAUS Case Law Citation:ABCAUS 3761 (2023) (06) ITAT Important Case Laws relied upon:Bajrang Oil Mills vs. ITO, 295 ITR 314Ghai Construction vs.  State of …

Appeal lies with CIT(A) against non-grant of TDS credit by CPC Intimation u/s 143(1) of the Act.  ABCAUS Case Law Citation:ABCAUS 3760 (2023) (06) ITAT Important Case Laws relied upon:Deere & Company138 taxmann.com 46 In the instant case, the assessee had challenged the order passed by the CIT(A) …