Judgement

The ITAT Allahabad removed the Section 271B penalty after holding that no audit is required when no books of accounts are maintained.

Allahabad ITAT Deletes Section 271B Penalty for Absence of Books of Accounts

Kerala High Court Sets Aside ITAT’s 2% Ad-Hoc Disallowance and Remands Section 14A Matter for Fresh Recalculation, Holding Rule 8D Inapplicable to AY 2006-07.

Kerala HC Sets Aside 2% Expenses Disallowance; Rules Rule 8D Not Applicable for AY 2006-07

ITAT Hyderabad rules that capital contributions by partners cannot be taxed in the firm’s hands and must be assessed individually.

Unexplained credits appearing in partner capital accounts cannot be taxed in hands of firm: ITAT

Court holds that enhancement under Section 107(11) GST Act cannot be made without issuing mandatory show-cause notice

Allahabad HC Sets Aside GST Appeal Enhancement for Lack of Notice; Orders De Novo Hearing

The ITAT held that if the notices are issued by the AO one after another, asking for the same information, it will not multiply the default and would make a single default.

Non-compliance of Notice should be treated as single default in case of Multiple Notices on same issue: ITAT

ITAT upholds CIT(A)’s deletion of Rs.12.20 crore SBN-period cash deposit addition. Books were audited, stock matched, sales recorded, Section 68 addition held unsustainable.

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Allahabad ITAT Deletes Section 271B Penalty for Absence of Books of Accounts

Kerala HC Sets Aside 2% Expenses Disallowance; Rules Rule 8D Not Applicable for AY 2006-07

Unexplained credits appearing in partner capital accounts cannot be taxed in hands of firm: ITAT

Allahabad HC Sets Aside GST Appeal Enhancement for Lack of Notice; Orders De Novo Hearing

Non-compliance of Notice should be treated as single default in case of Multiple Notices on same issue: ITAT

ITAT Delhi Upholds CIT(A) Relief: Rs. 12.20 Crore Demonetisation Cash Deposit Addition Deleted