Assessee did not comply with subsequent statutory notices, leading to an ex-parte assessment order under section 144, where the entire cash deposit was added back to its income under section 69A.
ITAT Amritsar held that the statements recorded behind the back of the assessee cannot be used for making addition unless and an opportunity to cross examine the witness is allowed. Accordingly, addition towards bogus purchases duly restricted to 1.2%.
Tribunal upholds turnover suppression in food delivery business, capping profit at 8% u/s 44AD based on survey findings and cook’s statement, overriding later-filed books.
ITAT Amritsar remands an appeal after finding that the CIT(A) failed to send notices to the correct email, denying the taxpayer a fair hearing.
The ITAT in Amritsar deleted a penalty on RPK Bricks after the department confirmed no pending supplies against a pre-registration advance payment.
The ITAT Amritsar bench remanded a tax appeal to the CIT(A), directing the authority to reconsider condoning a 257-day delay after the assessee was not given a proper hearing.
ITAT condoned delay due to illness and ruled that Abdul Hamid Nachar’s appeals, earlier dismissed for non-filing, must be admitted and re-examined.
ITAT Amritsar ruled that a company’s loans were not unexplained cash credits, deleting a tax addition after finding transactions were squared up through banking channels.
ITAT Amritsar sends back Mata Bhuvaneshori Asthapan Committees 12A/80G registration plea, citing pending re-registration under new J&K laws.
Amritsar ITAT sets aside reassessment against Bhai Industries Pvt. Ltd., citing lack of independent AO application of mind and denial of cross-examination in bogus purchases case.
