Judgement

ITAT deletes GP addition after accepting assessee’s reconciliation of alleged scrap stock discrepancy.

ITAT Deletes GP Addition Over Alleged Waste Stock Discrepancy in Tax Audit Report

Cross-examination opportunity mandatory where additions rely upon investigation wing statements, ITAT observes.

ITAT Restores Section 80G Disallowance Over Denial of Cross-Examination Opportunity

The ITAT Bangalore condoned the delay in filing appeals considering that notices issued under an old PAN may go unnoticed after migration to a new PAN.

ITAT Condones Delay in Appeal Filing After Assessee Misses Notices Due to Change in PAN

The ITAT deletes the Section 68 addition after accepting PAN details, confirmations, and banking records furnished.

Ahmedabad ITAT Grants Relief in Unsecured Loan Addition Dispute Under Section 68

ITAT deleted a concealment penalty on a senior citizen, accepting her genuine reliance on a tax consultant as a reasonable cause for not filing the income tax return on time.

Senior Citizen Taxpayer Gets Relief as ITAT Accepts Reasonable Cause for Non-Filing of Return

The ITAT held that cash deposits made from genuine business sales during demonetisation cannot be treated as unexplained income under Section 69A merely because they involved old currency notes.

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ITAT Deletes GP Addition Over Alleged Waste Stock Discrepancy in Tax Audit Report

ITAT Restores Section 80G Disallowance Over Denial of Cross-Examination Opportunity

ITAT Condones Delay in Appeal Filing After Assessee Misses Notices Due to Change in PAN

Ahmedabad ITAT Grants Relief in Unsecured Loan Addition Dispute Under Section 68

Senior Citizen Taxpayer Gets Relief as ITAT Accepts Reasonable Cause for Non-Filing of Return

Cash Deposits Cannot Be Treated as Unexplained Income Merely for Accepting Old Currency, Rules ITAT