Revision u/s 263 ordered for dropping penalty proceedings u/s 271(1)(c) set aside as AO took a view by adopting a plausible view ABCAUS Case Law Citation: ABCAUS 3028 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: MAK Data Pvt. ltd. Vs. CIT (2013) 358 ITR …

Foreign travel expenditure on visit to trade fair with tourist visa . ITAT restricted disallowance to 50 per cent in view of  connecting nature of business of the assessee ABCAUS Case Law Citation:ABCAUS 3027 (2019) (06) ITAT The instant appeal filed by the assessee was directed against the …

No Addition u/s 68 to be made as unexplained cash credit if loan creditor had deposited cash before issue of cheque ABCAUS Case Law Citation:ABCAUS 3026 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties:Orissa Corporation Pvt. Ltd. 159 ITR 78Rohini Builders 256 ITR 360 The …

Deemed Annual value of old dilapidated house not habitable set aside for verification as deemed provision u/s 23 not applicable in such conditions ABCAUS Case Law Citation: ABCAUS 3025 (2019) (06) ITAT The appeal was filed by assessee against the order of CIT(A). One of the issue was …

Exemption u/s 10(37) for compulsory acquisition not be denied merely because the sale price was fixed through a negotiated settlement ABCAUS Case Law Citation:ABCAUS 3024 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties:Balakrishnan v. Union of India The instant appeal was filed by the Revenue …

Printing process for General Budget 2019-20 commences with Halwa Ceremony  As per Press Release issued by the Finance Ministry, Halwa ceremony marking the commencement of Budget printing process for the General Budget 2019-20 was held in North Block today afternoon in the august presence of the Union Minister …