Anonymous donations received by religious and charitable trust not taxable u/s 115BBC when no university/educational institutions was run by the trust ABCAUS Case Law Citation: ABCAUS 2757 (2019) (01) ITAT The assessee had challenged the order of CIT(A) in confirming the addition made by the Assessing Officer (AO) …

Dismissal of appeal without issuing defect memo for delay in filing the appeal-It is well settled that nobody should be condemned unheard ABCAUS Case Law Citation: ABCAUS 2756 (2019) (01) ITAT The assessee had challenged the order of CIT(A) in holding the appeal as belated and hence not …

Advances made to group companies who were short of funds in order to honour cheque not deemed dividend but advances for business purpose. ABCAUS Case Law Citation: ABCAUS 2755 (2019) (01) ITAT Important Case Laws Cited/relied upon by the parties Bright Enterprises Pvt. Ltd. Vs. CIT (2016), 381 …

Status of Official Assignees is of artificial juridical person u/s 2(31)(vii) and is required to file ITR applicable as such for each of estate of insolvent  Circular   No. 04 / 2019 Government of IndiaMinistry of Finance Department of RevenueCentral Board of Direct Taxes North Block, New Delhi, the …

Applicability of section 44AD for Railway Ticket Commission Agent upheld when in addition to booking he has to arrange conveyance to passengers and luggage ABCAUS Case Law Citation: ABCAUS 2754 (2019) (01) ITAT The assessee had challenged the order of the Commissioner of Income Tax (Appeals) on the …

Addition u/s 69 confirmed when assessee failed to establish link between cash withdrawn and cash found at the time of search In a recent judgment, ITAT Hyderabad has confirmed Addition u/s 69 when assessee failed to establish link between cash withdrawn and cash found at the time of …