Judgement

The ITAT, in the interest of justice, gave one more chance to the assessee to prove his claim by submitting the required details before the AO.

ITAT Gives Illiterate Farmer Another Chance on Rs 3.74 Crore Tax Dispute

ITAT Kolkata ruled that withdrawals were old and unsupported by evidence, hence confirmed the addition of Rs. 26.68 lakh as unexplained income.

The ITAT directed the AO to adjust the TCS amount against the liability of the assessee.

ITAT rules that Section 68 additions cannot survive when the assessee substantiates unsecured loans with complete documentary evidence.

ITAT Holds That Mechanical, Year-Non-Specific Satisfaction Note Violates Mandatory Preconditions of Section 153C

Tribunal Holds That Without First Annulling Statutory Approval Under Section 153D, PCIT Cannot Term Assessment Order as Erroneous