Judgement

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.

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

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

Failure to Claim TDS in Return Does Not Defeat Substantive Right When Tax Is Deposited and Income Offered

ITAT Mumbai: Genuine TDS Credit Cannot Be Denied for Mere Procedural Lapse in ITR

The Tribunal cited that to invoke Section 41(1), the assessee must credit the said liability to its profit and loss account, which was not the case here.

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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

ITAT Mumbai: Genuine TDS Credit Cannot Be Denied for Mere Procedural Lapse in ITR

Section 41(1) Cannot be Invoked Without P&L Credit Proof: ITAT Deletes Cessation Addition