No disallowance u/s 54EC for delay in cheque clearance for investment in REC Bonds which was attributable to the banking channel – ITAT ABCAUS Case Law Citation: ABCAUS 2722 (2019) (01) ITAT This appeal by the assessee was directed against the order of the Commissioner of Income Tax …
Frequency, magnitude of transaction in systematic manner no criteria to hold that the assessee is engaged in a business activity of shares – ITAT ABCAUS Case Law Citation: ABCAUS 2721 (2019) (01) ITAT Important Case Laws Cited/relied upon: Sugamchand C. Shah vs. Assistant Commissioner of Income-Tax ; Gopal …
Refund of service tax to flat owners-SLP admitted against recent judgment of Delhi High Court directing Commissioner to make refund within 4 months ABCAUS Case Law Citation: ABCAUS 2720 (2019) (01) SC The Hon’ble Delhi High Court, in 2016, had declared Section 65(105)(zzzh) of the Finance Act 1994 …
Cash deposited in bank by friend for making DD for participating in tender was not loan or deposits u/s 269SS or 269T- ITAT deleted penalty levied u/s 271D and 271E ABCAUS Case Law Citation: ABCAUS 2719 (2019) (01) ITAT Important Case Laws Cited/relied upon: OMEC Engineers Vs CIT …
It is common practice in Indian household that ladies share locker for keeping jewellery with family members- ITAT deletes addition made without any enquiry ABCAUS Case Law Citation: ABCAUS 2718 (2019) (01) ITAT Important Case Laws Cited/relied upon: Sunita Nigam Vs. DCIT (Central) (2018) 33 ITJ 837 …
No disallowance merely because vouchers was fresh not faded or torn. When self made vouchers not found false, no addition can be made on presumption ABCAUS Case Law Citation: ABCAUS 2717 (2019) (01) ITAT This appeal was filed by the assessee against the order of the Commissioner of …
