ITAT Raipur rules in favor of Asha Soni, vacating a Rs. 35 lakh unexplained cash credit. The court found that Section 68 additions cannot be made if no books of accounts are maintained.
ITAT Raipur held that ex-parte order passed by CIT(A) is liable to be set aside since there were justifiable reasons for the assessee trust of having remained unaware about the on-going appellate proceedings before the CIT(A). Accordingly, matter restored back for fresh consideration.
ITAT Raipur held that assessment framed under section 144 of the Income Tax Act by Additional CIT in absence of order under section 127 and order under section 120(4)(b) is invalid as without having valid assumption of jurisdiction.
ITAT Raipur held that the appeal is treated as withdrawn due to initiation of proceedings under Vivad Se Vishwas Scheme, 2024 (VSVS 2024) by filing of Form 1. Thus, present appeal dismissed as withdrawn.
AO observed that a perusal of the books of account (specifically cash book) of the companies, revealed that an amount of Rs.75 lacs and Rs.25 lacs respectively were given by both companies on imprest account to the assessee.
ITAT Raipur restored the matter to the file of CIT(A) for fresh adjudication as intimation of fixation of hearing was sent via email, and no physical/ hard copy was sent, inspite of specifically stating in Form 35 that all notices/ communication to be sent in a mode otherwise through email.
ITAT Raipur held that reopening of proceedings under section 148 of the Income Tax Act beyond a period of 4 years without failure on the part of the assessee to disclose fully & truly all the material facts is liable to be annulled.
Raipur ITAT dismisses BPS Infrastructure’s appeal against delayed PF/ESI contribution disallowance, citing 690-day delay and lack of sufficient cause.
ITAT Raipur allows tax exemption for Prem Prakash Mandal Sewa Trust, citing retrospective effect of Section 12A(2) proviso and pending appeal status.
ITAT Raipur remands case to AO to verify if Rs 13 lakh cash deposit in joint account was disclosed by primary holder, citing non-participation by assessee earlier.
