The ITAT Patna ruled that an assessee’s investment in property cannot be taxed as unexplained in the year of registration if the full payment was made in the previous financial year.
Tribunal directs fresh examination of alleged bogus outward expenses in transport business for AY 2014-15, citing careful analysis by CIT(A).
The Patna ITAT holds that Section 69 applies even without books of account, but remands a case for fresh verification after the assessee provided new evidence of earlier cash payments.
The ITAT Patna has set aside an income tax order, remanding the case of Waseem Alam back to the ITO. The tribunal granted the assessee a new opportunity to provide documents.
ITAT Patna upholds the deletion of a ₹4.98 crore addition, ruling that purchases are not bogus just because suppliers failed to file returns or respond to tax notices.
A summary of the ITAT Patna ruling in Sushila Sultania’s case, where the tribunal deleted a tax addition for long-term capital gains.
ITAT Patna condones delay, restores assessee’s tax appeal for re-adjudication by NFAC, citing lack of opportunity to be heard.
ITAT Patna remands an ex-parte tax assessment case to the AO for fresh adjudication, granting the absent assessee another hearing opportunity.
Patna ITAT allows delayed appeal due to serious illness in a bank cash deposit dispute, remanding the case for fresh assessment.
ITAT Patna remands case for fresh scrutiny of ₹2.15 crore demonetization deposits, citing assessee’s lack of opportunity and ordering a fair hearing.
