Courts: ITAT Jaipur
Find latest ITAT Jaipur judgments, orders and case laws on income tax covering assessments, additions, deductions, exemptions, capital gains, reassessment, TDS and penalties.
AO cannot disallow expenses on estimation basis without verification of genuineness
Section 10B: Duty Drawback is not the income derived from undertaking
Valuation as per deeming provision u/s 50C not applicable on mere transfer of rights in land
Section 50C not applicable on sale of rights in land
Reassessment u/s 147 is void if reasons for reopening not provided despite specific request of assessee
Deduction u/s 54F available on residential house irrespective of size of house used as residence or by whom it is being resided
No Penalty for Doubtful addition U/s. 41(1) of Income Tax Act, 1961
ITAT remanded matter on question of rejection of books of account u/s 145 (3) if proper explanation or details were filed before AO
Addition for low GP ratio cannot be made if it is consistent with previous Years without any change in factual position
PF / EPF, CPF, GPF etc. paid after due date but before ROI, cannot be disallowed u/s 43B or 36(1)(va)
Mere voluntary disclosure after survey proceedings cannot tantamount to bonafide action
Statement u/s 132(4) being rebuttable presumption, can be retracted later on valid evidences
Capital gain arises/accrued outside India can’t be clubbed in hands of NRI assessee
In case of share capital identity, genuineness and creditworthiness of the cash creditor is to be proved by assessee
ITAT Jaipur judgments and orders cover numerous issues arising in income-tax assessments and appeals. This page brings together Tribunal decisions relating to additions, deductions, exemptions, capital gains, business income, unexplained income, reassessment, TDS, penalties, limitation and procedural matters. Taxpayers, businesses, Chartered Accountants, advocates and consultants can use this collection to research ITAT Jaipur case laws and locate precedents relevant to their disputes. TaxGuru provides access to recent and significant earlier ITAT Jaipur decisions published on the website, helping readers follow developments in direct tax jurisprudence.
