Weekly DT Digest

ITAT: Quashes reassessment; Information from Mauritian Authority insufficient to prove unaccounted money allegation

Chandigarh ITAT dismisses Revenue’s appeal against CIT(A) order quashing re-assessment  beyond 4 years, based on information received from

Feb 15,2019

ITAT: 'Bonafide belief' valid reason for TDS non-deduction on salary; Rejects Revenue's Ely Lilly reliance

Bangalore ITAT quashes Sec. 201(1)/(1A) proceedings on assessee-employer (a State Power Transmission company, ‘KPTCL’) with respect to TDS

Feb 15,2019

ITAT: Fresh evidence after passing ITAT order not ground to entertain miscellaneous petition

Mumbai ITAT dismisses Revenue’s Miscellaneous Application against ITAT order quashing assessment u/s 153C in absence of proper satisfaction

Feb 15,2019

HC: Quashes assessment u/s 153C absent proper satisfaction note by AO of searched-person

Karnataka HC quashes assessment u/s 153C absent proper satisfaction note prepared by AO of searched person; HC notes that for

Feb 15,2019

HC: Upholds reopening beyond 4 years; Additional material indicates lack of true disclosure

Bombay HC upholds reopening of assessment beyond 4 years to make unexplained cash credit addition, observes that merely

Feb 15,2019

HC: AO to apply his discretion for deciding stay application and water-down pre-deposit condition

Delhi HC holds that AO has to apply its mind and decide the Stay Application on merits without

Feb 08,2019

HC: Quashes reassessment notice u/s 147 issued on last day of time-limit expiry

Bombay HC quashes notice u/s 147 issued on assessee-company (engaged in manufacturing and processing of frozen meat) for

Feb 08,2019

ITAT: CIT(A) cannot enhance income on 'new source' not considered in assessment proceedings

Delhi ITAT deletes addition u/s 68 made on individual-assessee during AY 2014-15, rules that when the matter in

Feb 08,2019

ITAT: Allows Sec.54 exemption for amount invested towards construction before sale of house-property

Delhi ITAT allows assessee's claim of exemption  u/s 54 towards investment made in under-construction property before the sale

Feb 08,2019

ITAT: Sec.43B not applicable to contribution to Environment Relief Fund since assessee-insurer acted as collecting agent

Pune ITAT deletes disallowance made by the AO for contribution by the assessee (Insurance company) to Environment Relief

Feb 08,2019

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