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ITAT Jaipur

Section 263 revisional order without issuing SCN is void ab initio

July 17, 2024 294 Views 0 comment Print

ITAT Jaipur quashes PCIT order in Yesh Dagas case, citing violation of natural justice principles. Key points of the judgment and implications discussed in detail.

Professional Income Not become Unexplained merely for Deposit in SBNs

July 15, 2024 390 Views 0 comment Print

ITAT Jaipur rules in Shobha Tomar Vs DCIT that cash deposits from professional income during demonetization cannot be deemed unexplained. Detailed analysis inside.

Alleged Bogus LTCG: AO’s Non-Addition Not Automatically makes order Erroneous

June 25, 2024 717 Views 0 comment Print

ITAT Jaipur rules that AO’s non-addition of bogus LTCG does not make the order automatically erroneous. Detailed analysis of Vipul Kumar Modi vs PCIT case.

Assessment order passed in the name of a deceased individual is invalid: ITAT Jaipur

May 30, 2024 1602 Views 0 comment Print

ITAT Jaipur directs AO to quash Assessment Order under section 143(3) of Income Tax Act as notice to deceased assessee is deemed invalid. Detailed analysis and case precedents provided.

Section 80P(2)(a)(i) Deduction cannot be denied without Substantiated Reasoning

April 29, 2024 840 Views 0 comment Print

The Presbyterian Churc Co. Operating Credit & Thrift Society Ltd. Vs ITO (ITAT Jaipur) Section 80P(2)(a)(i) deduction cannot be denied without specifying how the claim of the assessee is not correctly claimed & for motioning  status as AOP

ITAT directs CIT(A) to Permit Assessee to Rectify Wrong Assessment Year in Form No. 35

April 3, 2024 492 Views 0 comment Print

Jaipur ITAT directs CIT(A) in Zila Parisad Vs ACIT to permit taxpayer to file a revised appeal memo for correction of error in mentioning assessment year in Form No. 35

Penalty u/s. 271B for not getting books of accounts audited not leviable as reasonable cause shown: ITAT Jaipur

March 20, 2024 1683 Views 0 comment Print

ITAT Jaipur held that assessee failed to get its books of accounts audited based on a reasonable cause. Accordingly, penalty under section 271B of the Income Tax Act for failure to get books of account audited not leviable as assessee reasonable cause shown.

No Section 271FA penalty for delay in filing SFT return for genuine reasons

March 14, 2024 1089 Views 0 comment Print

Explore the detailed analysis of the penalty imposed on Jhalawar Kendriya Sahakari Bank Ltd. by ITAT Jaipur in the case against ADIT (I&CI) for the assessment year 2019-20.

Section 263 proceeding based on mere audit objections without independent assessment invalid

March 14, 2024 1458 Views 0 comment Print

Pinkcity Jewelhouse Pvt. Ltd. Vs PCIT (ITAT Jaipur) ITAT Quashes Section 263 proceeding which were merely based on audit objections and lacked an independent assessment

ITAT Jaipur Ruling on Cash Deposit and Sale Consideration

February 10, 2024 1866 Views 0 comment Print

ITAT Jaipurs decision on reassessment and unexplained income in Geeta Devi Sharma vs ITO Ward 6(4) highlights key aspects of income tax law application.

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