Judgement

ITAT remands the case for fresh verification, holding that an unsigned sale agreement alone cannot justify capital gains addition without independent proof of actual receipt.

ITAT Remands Case Over Unsigned Sale Agreement; Orders Fresh Verification of Rs. 13 Lakh Receipt

ITAT remands case to re-verify the source of Rs. 1.11 crore cash deposits after admitting new evidence related to the alleged sale of agricultural land.

ITAT Remands Rs. 1.11 Crore Cash Deposit Case for Fresh Verification After Admitting Additional Evidence

The tribunal set aside the CIT(A)'s order and directed the matter to be sent back to the CIT(A) for a fresh decision.

ITAT Sets Aside Ex Parte Order for Lack of Proper Hearing Due to Improper Service of Notice

ITAT Chennai sets aside ex-parte orders in a demonetisation cash deposit case and grants the assessee a fresh opportunity before the AO, subject to payment of costs.

ITAT Grants Second Opportunity to Assessee in Demonetisation Cash Deposit Case

ITAT dismissed the Revenue’s appeal, upheld the deletion of Rs. 12.12 crore cash purchase addition, and sustained only Rs. 1.16 lakh as an unexplained cash deposit.

ITAT Upholds Deletion of Rs. 12.12 Crore Cash Purchase Addition; Sustains Rs. 1.16 Lakh Cash Deposit Addition

Articles

The Tribunal highlighted that giving approval based on the reasons recorded in Annexure A is bad and shows the non-application of an independent mind.

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ITAT Remands Case Over Unsigned Sale Agreement; Orders Fresh Verification of Rs. 13 Lakh Receipt

ITAT Remands Rs. 1.11 Crore Cash Deposit Case for Fresh Verification After Admitting Additional Evidence

ITAT Sets Aside Ex Parte Order for Lack of Proper Hearing Due to Improper Service of Notice

ITAT Grants Second Opportunity to Assessee in Demonetisation Cash Deposit Case

ITAT Upholds Deletion of Rs. 12.12 Crore Cash Purchase Addition; Sustains Rs. 1.16 Lakh Cash Deposit Addition

PCIT's Approval Based Solely on AO's Recorded Reasons Reflects Non-Application of Independent Mind