ITAT Jaipur applies Section 44AD, taxing retail business gross deposits at 8%. Addition of Rs. 25.56 lakh reduced; appeal partly allowed.
ITAT Jaipur directs CIT(E) to review OP Dargar Foundation’s rejected 12AB registration, citing curable defects & natural justice. Delay condoned based on Katiji Judgment.
Jaipur ITAT sets aside PCIT order under Section 263 in Smt. Lata Phulwani case, citing AO’s due inquiry and permissible view on Sec 54F deduction.
ITAT Jaipur quashes addition of suppressed school fees for Pushpa Vidya Niketan, stating survey statements lack evidentiary value without corroboration.
ITAT Jaipur’s ruling on Kailash Chand vs ITO case, analyzing tax assessment, additions, and legal compliance under Section 144 & 147 of the Income Tax Act.
ITAT Jaipur sends Puneet Singhvi’s capital gains case back to the Assessing Officer for a fresh review after the assessee failed to appear in earlier proceedings.
While a best judgment assessment can involve some arbitrariness, it must be an honest and fair estimate based on available material and circumstances, not capricious.
ITAT Jaipur sets aside Resonance Eduventures assessment orders, citing mechanical approval by Addl. CIT without proper application of mind as mandated under Section 153D.
ITAT Jaipur ruling on Parshavnath Buildestate Pvt Ltd vs ACIT regarding unexplained expenditures under Section 69C and taxation under Section 115BBE of the Income Tax Act.
ITAT Jaipur addressed tax deductions under Sections 54F & 54B in Kuldeep Singh Shekhawat vs. ITO, ruling on belated filings and capital gains exemptions.
