ITAT dismisses Duddu Nomeshwar’s appeal as withdrawn, allowing reinstatement if Vivad Se Vishwas Scheme application is rejected by Revenue.
Assessee was also expected to be vigilante in so far as assessment proceedings were concerned. Most of the time assessee went in slow motion and avoid proceedings by not responding to notice(s) of Department, not appearing before AO, not following up with CA/Advocates.
According to the PCIT the quantum of disallowance as per Rule 8D works out to 1,98,36,285/- as against which the AO made disallowance of Rs. 86,88,523/- which has resulted into under assessment of income.
ITAT rules that cash loans advanced in earlier years cannot be taxed under Section 68 in a subsequent year, overturning the AO’s protective assessment.
ITAT Kolkata partly allowed the appeal of Subhrashi Enclave Pvt. Ltd, granting relief on salary, bonus, and rent disallowances while upholding staff welfare expense addition.
ITAT Ahmedabad directs CIT(A) to grant a fair hearing to Anjaiya Jewellery Pvt. Ltd. regarding ₹49.5 lakh addition under section 69A for the assessment year 2017-18.
ITAT Visakhapatnam lowers income estimation rate to 4% and deletes incorrect addition in the case of Lakshmi Durga Distributors.
ITAT Ahmedabad dismisses appeal in Gopal Ashram Vs CIT (Exemption) following fresh application for registration under extended deadline by CBDT Circular No. 7/2024.
Assessee was not aware of the notices issued since the same were uploaded only on the e-filing portal: ITAT provided assessee with one more opportunity to represent his case and accordingly the issues are restored to the files of the CIT(A)
ITAT Kolkata condones 186-day delay, remands Umang Webtech Private Limited’s case to AO for fresh examination due to ex-parte assessment and inadequate representation.
