ITAT Chandigarh condones a 364-day delay citing post-Covid health issues and relying on SC precedents (Katiji, N. Balakrishnan). The Tribunal upholds the reassessment but deletes the Rs.20.45 lakh addition on a cash deposit, finding the source (brother’s loan for DDs) genuine. The Rs.10.72 lakh salary addition is remanded
ITAT Chandigarh accepted sale deeds and bank records showing genuine funding from the father’s property sales, rejecting AO’s unexplained investment addition.
ITAT Chandigarh has set aside the CIT(E)’s order cancelling the registration of Aryans Educational & Charitable Trust, holding that issues previously settled by the Tribunal cannot be re-opened for cancellation.
ITAT Chandigarh deletes ₹1.64 Cr tax addition, ruling interest under Section 28 of the Land Acquisition Act is part of compensation, exempt under Section 10(37) for agricultural land.
ITAT Chandigarh held that additional evidences filed by the assessee deserves to be admitted inspite of casual and callous approach of assessee since the ultimate object of adjudication is to do substantial justice. However, cost of Rs. 3,000/- imposed.
The ITAT Chandigarh deleted a ₹25.25 lakh cash deposit addition to an illiterate agriculturist’s income, accepting bank records as evidence of redeposited funds.
The ITAT has directed the tax department to refund ₹37.88 lakh to a non-resident for an incorrect TDS credit, dismissing the tax authority’s reasoning as vague.
The ITAT Chandigarh confirmed the denial of Section 12A and 80G tax exemptions for the TIF Foundation, ruling that its primary activities of distributing awards and funding a chess association were inconsistent with its declared charitable objects of helping the needy.
Chandigarh ITAT held that CIT(A) has no power to set aside assessments passed u/s 143(3), as such power exists only for ex-parte orders u/s 144. Revenue’s appeal was allowed, and the case remanded for fresh adjudication on merits.
Summary of Deepika Garg vs. ITO (ITAT Chandigarh) for AY 2017-18. The ruling deletes a Rs. 24 lakh addition for alleged bogus cash sales, upholding the assessee’s audited books and documented transactions.
