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Archive: 23 January 2025

Posts in 23 January 2025

ITAT Pune Remands Case for Fresh Adjudication on Commission Income Addition to Gross Receipt

January 23, 2025 777 Views 0 comment Print

ITAT Pune remands the case of Prakash Dipchand Kapadnis, instructing NFAC to reconsider the addition of gross receipts instead of net income for AY 2013-14.

CPC Not Strictly Applicable to I&B Code Proceedings, NCLAT Grants Opportunity to File Objection Under Section 9

January 23, 2025 1020 Views 0 comment Print

NCLAT Chennai quashes NCLT’s order and grants Dunzo Digital Pvt. Ltd. a final chance to file objections to proceedings under Section 9 of the I&B Code.

ITAT Allahabad Remands Case Over Fraudulent Cash Deposits

January 23, 2025 1158 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 879 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 519 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 528 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 639 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 531 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 1002 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 1293 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.

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