ITAT Dismisses Revenue Appeals Below ₹60L Tax Effect, Calls Grounds ‘Cryptic & Nebulous’

ITO Vs Janardan Shyam Bihari Singh (ITAT Nagpur) The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has dismissed the Income Tax Department’s appeal against civil contractor Janardan Shyam Bihari Singh for Assessment Year 2011-12. The Revenue had challenged an order from the Commissioner of Income Tax (Appeals) which reduced an addition made by the Assessing Officer. The original addition stemmed from the assessee’s alleged failure to file an income tax return despite having contract receipts exceeding ₹1.97 crore, and not getting accounts audited as required by Section 44AB...