ITAT Chandigarh restored an AO’s assessment order, quashing a PCIT’s revisionary order that doubted agricultural income despite adequate inquiry and documentary evidence.
ITAT Chandigarh deletes a Rs.59.50 lakh addition, ruling that a school with receipts under Rs.1 crore is fully exempt under Section 10(23C)(iiiad), making Section 11(5) restrictions inapplicable.
ITAT Chandigarh rules for Aarti Singal, deleting additions u/s 68 & 69C. LTCG from listed shares held genuine & not bogus accommodation entries, as Revenue failed to provide specific proof.
Tribunal deletes all additions against Lakhvir Kaur, finding no incriminating material. The ruling concerned foreign travel, vehicle expenses, and jewellery for A.Y. 2020-21, along with a poultry farm on-money addition for A.Y. 2021-22.
The ITAT Chandigarh ruled in favor of an assessee, deleting an addition of ₹8.70 lakh. The tribunal found loans from close relatives and sons were genuine, with donors having sufficient income.
The ITAT Chandigarh has quashed an assessment based on a WhatsApp chat, citing lack of mandatory approval and insufficient evidence. The tribunal upheld the deletion of a Rs. 1.12 crore addition for unexplained investment, emphasizing that digital communication alone requires corroboration.
ITAT Chandigarh deletes an addition, ruling that an unsigned and unregistered agreement to sell is not valid evidence for making an addition under Section 69 or 69B.
The Income Tax Appellate Tribunal (ITAT) Chandigarh has reversed a tax addition of Rs. 6.75 lakhs on gifts received by an assessee ruling that the gifts from his sister and father-in-law were valid.
ITAT Chandigarh rules advance receivables qualify as application of income u/s 11(2), deleting Rs.56,947 shortfall and directing AO to accept claim.
The Income-tax Appellate Tribunal (ITAT) in Chandigarh has ruled in favor of an assessee, deleting a significant cash deposit addition made by the Assessing Officer.
