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Archive: 23 January 2025

Posts in 23 January 2025

ITAT Allahabad Remands Case Over Fraudulent Cash Deposits

January 23, 2025 390 Views 0 comment Print

ITAT Allahabad remands ₹45.4 lakh unexplained cash deposit case, citing lack of evidence and claims of fraud. Assessee given a fresh chance to present facts.

No Additions in Completed Assessments u/s 153A Without Incriminating Material: ITAT Kolkata

January 23, 2025 246 Views 0 comment Print

ITAT Kolkata rules that no additions can be made in completed assessments under section 153A without incriminating material seized during the search.

Assessee could not apply under rule 46A- ITAT remands matter back to Addl./Jt. CIT(A)

January 23, 2025 219 Views 0 comment Print

In the abovementioned matter ITAT remanded the matter to AO after observing that assessee failed to apply under rule 46 A (Additional Evidence) of the IT Rules.

Property Tax Dispute: Chhattisgarh HC Rules Writ Not Maintainable

January 23, 2025 108 Views 0 comment Print

Chhattisgarh High Court dismisses writ petition against property tax imposition, directing petitioners to pursue civil revision under Section 115 of the Civil Procedure Code.

Income Tax Appeal Dismissed Due to Low Tax Effect: Chhattisgarh HC

January 23, 2025 225 Views 0 comment Print

Chhattisgarh HC dismisses income tax appeal citing tax effect under Rs. 2 Crore, following the 2024 circular on monetary limits for filing appeals.

ITAT Remands ₹117.01 Lakhs Addition as AO Ignored Assessee’s Details

January 23, 2025 189 Views 0 comment Print

ITAT Chennai remands Rs.117.01 lakh addition for fresh review, citing non-consideration of assessee’s details in assessment.

₹118 Lakhs Cash Deposit: ITAT Lowers Income Estimation to 2% for Ticket Agent

January 23, 2025 360 Views 0 comment Print

ITAT reduces income estimation to 2% for ticket agent’s ₹118 Lakhs cash deposit case, providing relief by lowering the AO’s 10% margin estimation.

Section 41(1): ITAT deletes addition as Assessee submit evidence of non-Cessation Liabilities

January 23, 2025 432 Views 0 comment Print

ITAT Kolkata upholds CIT(A)’s decision to delete ₹3.92 crore additions under Section 41(1), ruling no cessation of liabilities in AY 2014–15 for Shreekrishan Goswami.

Allahabad HC Quashes GST Registration Cancellation for Violating Natural Justice

January 23, 2025 231 Views 0 comment Print

Allahabad High Court sets aside UPGST orders against Kesh Babu, citing the need for a personal hearing under Section 75(4) of the UPGST Act, 2017.

Gross margin profit addition in motor spirit business restricted to 5%: ITAT Panaji

January 23, 2025 126 Views 0 comment Print

Assesse being a partnership firm, engaged in the business as dealer in petroleum products who filed its return at Rs.3,00,950/-. Subsequently the case was selected for limited scrutiny.

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