Assessment made on the basis of wrong cash book printed out from tally package with negative figures, ignoring correct cash book remanded by ITAT ABCAUS Case Law Citation: ABCAUS 2931 (2019) (05) ITAT The appeals filed by the separate was directed against the common order of the Commissioner …

Disallowance u/s 184(5) not have cause and effect relationship with assessment being framed under section 144 – ITAT upheld additions ABCAUS Case Law Citation: ABCAUS 2930 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties M/s. Jai Hanuman Enterprises vs ITO The appellant assessee was a …

Addition u/s 68/69 deleted for cash deposit in bank of amount returned back by father and brother out of amount gifted by assessee ABCAUS Case Law Citation: ABCAUS 2929 (2019) (05) ITAT The Assessing Officer (AO) AO observed that that there were cash deposits in the Bank account …

Merely printing other aims/objects as per requirement of Registrar of Societies would not disqualify it for approval u/s 10(23C)(vi) – ITAT ABCAUS Case Law Citation: ABCAUS 2928 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Harf Charitable Trust (Regd.) Malerkotla vs. Chief Commissioner of Income …

Penalty u/s 271D deleted for cash loan from father mother and brothers as loan was from close family relations and there was a reasonable cause u/s 273B   ABCAUS Case Law Citation: ABCAUS 2927 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties CIT vs. M. …

Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) Guidelines, 2019 14th May, 2019 Provisions in the Insolvency and Bankruptcy Code, 2016 Section 16(3)(a) of the Insolvency and Bankruptcy Code, 2016 (Code) requires the Adjudicating Authority (AA) to make a reference to the Insolvency and Bankruptcy …