Sponsored
    Follow Us:

ITAT Lucknow

Latest Posts in ITAT Lucknow

Audit Fee Allowable Only When Liability Crystallizes, Not on Estimates or Historical Basis

April 14, 2025 5919 Views 0 comment Print

ITAT Lucknow rules audit fee provisions are not allowable unless liability accrues; EPF disallowance sent back for verification.

ITAT Lucknow Sets Aside CIT(A) Order for Lack of Fair Hearing

April 1, 2025 516 Views 0 comment Print

ITAT Lucknow overturns CIT(A) order in Bhavan Ravat’s case, citing lack of fair hearing and directs a fresh assessment with reasonable opportunity.

No Additions in Search Assessment Without Incriminating Material: ITAT Lucknow

March 19, 2025 438 Views 0 comment Print

ITAT Lucknow rules that additions under Section 68 require incriminating evidence. ₹2 crore cash credit addition against Ocean Dream Infrastructures is deleted.

ITAT denies Section 54 exemption for delay in investment in new residential property

March 9, 2025 387 Views 0 comment Print

ITAT Lucknow upholds denial of Section 54 exemption as investment in new property was made after the due date. Cites judicial precedents in support of ruling.

Retainer Fee to US Agent Allowed as Business Expense; No Disallowance Without Exempt Income

March 8, 2025 141 Views 0 comment Print

Where payment made to foreign entities by way of retainership fee did not result in commensurate business in USA in the year relevant to assessment year 2008-09, it did not imply that the expenditure incurred was not for the purpose of the assessee’s business. AO was directed to delete the addition of Rs.64,88,451/- by observing that the expenditure was disallowed u/s 14A.

Calculation of sales on hypothetical basis without considering submitted evidences not justified

March 5, 2025 396 Views 0 comment Print

ITAT Lucknow held that addition by calculating sales on hypothetical basis and completely ignoring various evidences submitted during course of assessment proceedings is unjustifiable. Accordingly, appeal allowed and addition is deleted.

Mechanical Section 153D Approval Vitiates Proceedings: ITAT Lucknow

February 23, 2025 1542 Views 0 comment Print

ITAT Lucknow quashed assessments in Shri Navin Jain vs. DCIT, citing mechanical approval under Section 153D. Read key details and legal findings.

Past Savings Justify Cash Deposits During Demonetization: ITAT Lucknow

February 22, 2025 213 Views 0 comment Print

ITAT Lucknow held that cash deposits out of the past savings during demonetization being reasonable and as per social standing of the assessee is justifiable. Accordingly, appeal of the assessee allowed and addition is directed to be deleted.

ITAT Luncknow directed CIT(A) to re-consider condonation as delay of 4 days erroneously calculated as 551 days

February 19, 2025 129 Views 0 comment Print

ITAT Lucknow held that delay of 4 days erroneously calculated as delay of 551 days by CIT(A). Accordingly, directed CIT(A) to consider request of condonation and if found appropriate to grant opportunity of being heard.

ITAT Lucknow Quashes ₹57.03L Addition, Orders Reassessment

February 11, 2025 372 Views 0 comment Print

ITAT Lucknow quashes Rs. 57.03 lakh cash deposit addition and penalty against Girja Shankar, granting a fresh hearing for reassessment and fair proceedings.

Sponsored
Sponsored
Search Post by Date
April 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930