Follow Us :

ITAT Raipur

Latest Posts in ITAT Raipur

ITAT Upholds Penalty for Loan Repayment in Cash Despite Poor Cheque Clearance History

March 14, 2024 693 Views 0 comment Print

ITAT upholds penalty against taxpayer for cash repayment of loans, contravening Section 269T of Income-tax Act. Explore implications and alternatives.

Debatable issues cannot be adjusted by way of intimation under section 143(1)(a)

January 24, 2024 1275 Views 0 comment Print

Satpal Singh Sandhu Vs DCIT (ITAT Raipur) In absence of Sec. 143(1)(a) being read in the above manner, i.e debatable issues cannot be adjusted by way of intimation under section 143(1)(a), would lead to arbitrary and unreasonable intimations being issued, leading to chaos

Deduction allowed for Delayed ESI/PF Employee Contribution Deposit: ITAT Raipur

January 22, 2024 5325 Views 0 comment Print

ITAT Raipur held that delayed deposit of employees share of contribution towards ESI/PF for A.Y. 2018-19 allowed as deduction.

ITAT Directed Assessee to furnish CA certificate in Form 26A for setting aside disallowance u/s 40(a)(ia)

December 15, 2023 2208 Views 0 comment Print

ITAT Raipur restored the matter back to the file of AO in case of disallowance u/s. 40(a)(ia) of the Income Tax Act as the CA certificate submitted was not as per the prescribed form i.e. Form 26A. Post submission of CA certificate in prescribed form, disallowance u/s 40(a)(ia) will be vacated.

Discrepancies between books & 26AS: ITAT directed A.O. to reexamine

December 13, 2023 174 Views 0 comment Print

Dive into an income tax appeal against Commissioner’s order. Explore discrepancies, disputed additions, and ITAT Raipur’s direction for reexamination.

Addition without considering Submission of Assessee: ITAT directs CIT(A) to re-adjudicate

November 26, 2023 375 Views 0 comment Print

ITAT directed the CIT(A) to re-examine the matter, taking into account the written submission filed by the assessee during e-proceedings. The ITAT emphasized the importance of affording the assessee a fair opportunity to substantiate its claims with supporting evidence.

Ad-hoc disallowance of expenditure without any basis is unsustainable in law

November 1, 2023 1710 Views 0 comment Print

ITAT Raipur held that ad-hoc disallowance of expenditure without specifying expenditure which was either not incurred for the purpose of business or was not substantiated by documentary evidence/material is unsustainable in law.

Disallowance u/s 57(iii) just because interest earned not equal to percentage of interest expenditure incurred unsustainable

October 31, 2023 852 Views 0 comment Print

ITAT Raipur held that interest income earned is not equal to the percentage of interest expenditure incurred cannot be reason for disqualifying expenditure within the provision of section 57(iii) of the Income Tax Act.

Discount towards sale of low-quality sponge iron to sister concern duly allowable

October 30, 2023 402 Views 0 comment Print

ITAT Raipur held that addition on account of discount allowed to sister concern unsustainable as assessee duly placed on record documentary evidence to substantiate the factum of having sold low-quality sponge iron to its sister concern. Accordingly, rejection of discount merely on the basis of doubts and suspicion unjustified.

Revisionary proceedings not illegal when assessee remained non-compliant in explaining his case

October 27, 2023 273 Views 0 comment Print

ITAT Raipur held that revisionary proceedings cannot be termed as illegal or not maintainable when the assessee have not responded and remain non-compliant in explaining his case before the PCIT.

Search Post by Date
May 2024
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031