Courts: ITAT Chandigarh
Find latest ITAT Chandigarh judgments, orders and case laws on income tax covering assessments, additions, deductions, exemptions, capital gains, reassessment and penalties.
Deeming provisions u/s 69 r/w section 115BBE doesn’t apply to income surrendered as account receivable
No additions in case business advances were made out of business receipts
Submitted additional evidence are critical for determining the issue- ITAT remanded matter back to CIT(A)
Penalty u/s 271(1)(c) not leviable for bona fide wrong claiming of depreciation
AO cannot disturb assessment which has attained finality except if contrary material found during search
Addition of mere book entry unsustainable
Revision u/s 263 without satisfying twin conditions is unsustainable
Section 263 cannot be invoked for non-verification in year of transfer of utilization of amount deposited in Capital Gain Account
Revisional power unjustified as detailed inquiry conducted by AO
Orders cannot be set aside on mere whims & fancies of Revisionary Authority
Penalty u/s 271(1)(c) not leviable as tax assessed is equal to TDS deducted
Matter which was not subject matter of limited scrutiny cannot be raised in revisionary proceedings
Revisionary power u/s 263 invocable as old tax rates applied instead of amended rates
Order passed in cryptic manner cannot make it erroneous
ITAT Chandigarh judgments and orders cover appeals involving a broad range of issues under the Income-tax Act. This page compiles Tribunal decisions on assessments, additions, deductions, exemptions, capital gains, business income, unexplained income, reassessment, TDS, penalties, limitation and procedural matters. Taxpayers, Chartered Accountants, advocates, businesses and consultants can use the ITAT Chandigarh category to locate relevant precedents and research income-tax disputes. TaxGuru updates this collection with Tribunal decisions published on the website, providing convenient access to recent and important earlier ITAT Chandigarh case laws.
