ITAT Jaipur held that disallowance of contribution of EPF/ESI of employees contribution justified since amount deposited beyond the due date of respective Acts. Notably, deduction is not allowance even if contribution is deposited before filing of return u/s. 139(1).
ITAT Jaipur dismisses appeal in Kavita Samtani Vs DCIT, upholding additions under Section 68 of the Income Tax Act for unexplained credits.
ITAT partially allows appeal, ruling that unsupported statements without corroborative evidence are insufficient for additions under Section 68. Key judicial observations.
ITAT Jaipur upheld income additions in Kavita Samtani vs. DCIT due to undisclosed cash investments under Section 69 and questioned documentation on financial sources.
In Kavita Samtani vs. DCIT, ITAT Jaipur sets aside additions made under Section 69. The appeal challenges the assessment order for unexplained investments.
Jaipur ITAT rules on Vinaya Sharma’s agricultural land sale dispute, determining its taxability under the definition of capital assets in Section 2(14) of the IT Act.
ITAT Jaipur upheld CIT(A)’s decision to add undisclosed income under Sec 50C in the case of Kavita Samtani Vs DCIT, relating to discrepancies in reported property sale value.
As per provisions of section 153C of the Act, notice required to be issued to the other person would be a notice under section 153C of the Act, but even then assessment is to be framed in accordance with the procedure prescribed under section 153A of the Act.
ITAT Jaipur rules in favor of Deepak Kumar Samtani, dismissing penalty under Section 272A(1)(C) due to lack of evidence of non-compliance with issued notices.
ITAT Jaipur upheld CIT(A)’s decision to delete bogus purchase additions, validating a 13.05% profit rate declared by the assessee in the case.
