Penalty u/s 271B deleted as assessee was not aware that section 44AB related to Tax Audit was applicable to him as he was only a commission agent ABCAUS Case Law Citation:ABCAUS 3757 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed by the …

CBDT notifies e-Appeals Scheme 2023 prescribing procedures for disposal of appeals by JCIT(Appeals) The CBDT vide Notification No. 33/2023 dated 29.05.2023 has notified e-Appeals Scheme 2023 in respect of disposal of appeals by Joint Commissioner (Appeals). The Scheme shall apply to appeals, in respect of such persons or …

A reasonable limitation period is applicable to Order u/s 206C for failure to deduct TCS although no limitation is prescribed under the Income Tax Act 1961 ABCAUS Case Law Citation:ABCAUS 3756 (2023) (05) ITAT Important Case Laws relied upon:Eid Mohammad Nizamuddin vs. ITO In the instant case, the …

Preparation and uploading of fake ITR by Chartered Accountant. ITAT remands the case to AO to decide in the light of pending criminal case ABCAUS Case Law Citation:ABCAUS 3755 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed by the National Faceless Appeal …

Criminal complaint against company, CA directors for tax evasion u/s 276C  by way of bogus share valuation report dismissed ABCAUS Case Law Citation:ABCAUS 3754 (2023) (05) AC Important Case Laws relied upon:Solar Paper Mills Limited and Ors. vs. The State Prakash Nath Khanna & Ors vs. Commissioner of Income …

Explanation that jewellery was acquired out of agricultural income of Bigger HUF before its partition cannot be termed as not plausible – ITAT ABCAUS Case Law Citation:ABCAUS 3753 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming addition …