Tag: telescoping

ITAT gives telescoping benefit of business income declared when the assessee was only an entry operator and addition was made for commission income In a recent judgment , the Income Tax Appellate Tribunal has directed AO to give benefit of telescoping for the business income declared when the …

ITAT directed AO to give telescopic benefit for chit contributions as there was no finding that income estimated from business was invested else where ABCAUS Case Law Citation: ABCAUS 2995 (2019) (06) ITAT The only grounds of appeal raised by the assessee in the instant appeal was related …

Allowing telescoping of surrendered income against bogus sundry creditors appearing in the books of accounts was wrong – ITAT ABCAUS Case Law Citation: ABCAUS 2966 (2019) (05) ITAT The instant appeal was filed by the Revenue against the order of the Commissioner of Income Tax (Appeals) in allowing …