Judgement

ITAT remanded Rs 13.50 lakh demonetisation-period cash deposit dispute to the CIT(A) for fresh adjudication after finding that the earlier order was passed ex parte.

ITAT Remands Case of Section 69A Unexplained Cash Deposits During Demonetisation Period After CIT(A) Passes Ex Parte Order

ITAT reduced the income estimation on Rs 1.42 crore liquor business turnover to 11% and deleted the separate Rs 6 lakh addition for demonetisation-period cash deposits.


ITAT Slashes Profit Rate from 20% to 11% on Rs 1.42 Crore Liquor Turnover, Deletes Separate Rs 6 Lakh Demonetisation Addition

ITAT holds that the enhanced 60% tax rate under Section 115BBE cannot apply to unexplained income relating to FY 2016-17 and directs recalculation at 30%.

75-Year-Old Agriculturist Gets Relief as ITAT Rejects Retrospective 60% Tax Rate on Rs 11.86 Lakh Unexplained Cash Deposits

The ITAT Bangalore says income must be determined from books if found reliable


ITAT Directs Fresh Assessment of Petrol Pump’s Income Including Demonetisation Cash Deposits 

The ITAT Delhi directs taxation of addition under normal provisions instead of Section 115BBE.

ITAT Restricts Addition on Demonetisation Cash Deposits of upto Rs. 5 Lakh

ITAT deleted a Rs 34.79 lakh addition on alleged unexplained cash deposits after finding that the same deposits had already been taxed in the hands of the assessee’s father.

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ITAT Remands Case of Section 69A Unexplained Cash Deposits During Demonetisation Period After CIT(A) Passes Ex Parte Order

ITAT Slashes Profit Rate from 20% to 11% on Rs 1.42 Crore Liquor Turnover, Deletes Separate Rs 6 Lakh Demonetisation Addition

75-Year-Old Agriculturist Gets Relief as ITAT Rejects Retrospective 60% Tax Rate on Rs 11.86 Lakh Unexplained Cash Deposits

ITAT Directs Fresh Assessment of Petrol Pump’s Income Including Demonetisation Cash Deposits

ITAT Restricts Addition on Demonetisation Cash Deposits of upto Rs. 5 Lakh

ITAT Deletes Rs 34.79 Lakh Unexplained Cash Deposit Addition After Same Deposits Taxed in Father’s Hands