Order passed under section 119(2)(b) of the Act is not appealable before the Tribunal In a recent judgment, ITAT Chennai has held that an order passed by the Commissioner under section 119(2)(b) of the Act is an administrative order; therefore, the same is not appealable before the Tribunal. …

Exemption u/s 54F can not be denied merely because assessee did not deposit net sale consideration in capital gain account  In a recent judgment, ITAT Chennai has held that exemption u/s 54F can not be denied merely because assessee did not deposit net sale consideration in capital gain …

Addition u/s 56(2)(vii)(b) deleted in absence of DVO’s report where the building on the land purchased was 30 years old In a recent judgment, ITAT Chennai deleted addition u/s 56(2)(vii)(b) as there was no DVO’s report as on the date of impugned order and the subject building was …

Denial of exemption u/s 10(26) upheld as address of assessee in PAN was of Mumbai and he could not produce any evidence of residing in specified area In a recent judgment, Hon’ble High Court of Jammu and Kashmir has upheld denial of exemption under section 10(26) as address …

No addition u/s 69A can be made for cash deposit in bank when the alleged bank accounts were duly recorded in the books of accounts of the assessee – ITAT In a recent judgment, ITAT Agra quashed addition made under section 69A for cash deposit in the bank …

System generated notice cancelling GST registration is quashed and set aside by Allahabad High Court  System generated notice cancelling GST registration is quashed and set aside by Allahabad High Court holding that power lies with the officers and not with the system and notice which is system generated …