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ITAT Rajkot Deletes Search Additions Penalty – Agricultural Income Accepted, Diary Receivables Assessed on Peak Basis, Sec 271AAA Penalty Quashed
Case Law Details
- Case Name
- Vashrambhai Ghelabhai Ramani Vs DCIT (ITAT Rajkot)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2008-2009
- Courts
- All ITAT, ITAT Rajkot
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Vashrambhai Ghelabhai Ramani Vs DCIT (ITAT Rajkot)
ITAT Rajkot Deletes Search Additions Penalty – Agricultural Income Accepted, Diary Receivables Assessed on Peak Basis, Sec 271AAA Penalty Quashed
In Vashrambhai Ghelabhai Ramani & Kamlesh Vashrambhai Ramani vs DCIT (AYs 2008-09, 2010-11 & 2011-12), the ITAT Rajkot allowed all appeals arising from search assessments u/s 153A and connected penalty proceedings.
For AY 2008-09, the Tribunal deleted addition of ₹10.76 lakh sustained by CIT(A) towards alleged unexplained cash advances for a petrol pump. ITAT held that ag...
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