Income Tax - In the case of Shri Vishal Dipak Shah Vs. Addl. CIT Mumbai Bench of ITAT held that Principle of Res judicata does not apply to the income-tax proceedings as each assessment year is a separate and self-contained assessment year. Therefore, the plea of the appellant that he should be allowed a relief on the same lines as he was allowed in t...
Read MoreIncome Tax - ACIT Vs. Sagar Nitin Parikh (ITAT Mumbai) In the instant case, the assessee has constructed a house prior to the date of transfer of original house, in which case, the assessee is not entitled to claim deduction u/s 54 of the Act in respect of the cost of new flat....
Read MoreIncome Tax - G. Indhirani Vs. DCIT (ITAT Chennai) The only issue arises for consideration is with regard to levy of fee under Section 234E of the Income-tax Act, 1961 while processing the statement furnished by the assessees under Section 200A of the Act which was held as unsustainable ...
Read MoreDCIT Vs Deepak Chaudhary (ITAT Kolkata) - In the case of DCIT Vs. Deepak Chaudhary Kolkata Bench of ITAT have held that the assessee has cumulatively satisfied all the conditions stipulated in Clause 2 of Explanation 5 to Section 271(1)( c) of the Act and hence entitled for immunity from levy of penalty for all the assessment years under ap...
Read MoreBrahamanand Agarwal, Thekhedar Vs DCIT (ITAT Jaipur) - In the case of Brahamanand Agarwal, Thekhedar Vs. DCIT Jaipur Bench of ITAT have held that when net profit is estimated by AO by rejecting the book result U/s 145(3) of the Act, no separate addition can be made on account of cash creditor....
Read MoreM/s. Cash Edge India (Pvt.) Ltd. Vs ITO (ITAT Delhi) - In the case of M/s. Cash Edge India (Pvt.) Ltd., vs. ITO Delhi Bench of ITAT have held that transfer pricing adjustment is not one of the adjustments contemplated under Explanation 1 Section 115JB(2) of the Act and, therefore, could not have been added back to the book profits under Section 115JB....
Read MoreITO Vs M/S Jagdamba Optics Pvt. Ltd., (ITAT Delhi) - In the case of ITO Vs. M/S JAGDAMBA OPTICS PVT. LTD. Delhi Bench of ITAT have held that there was existence of correct information which prompted to the AO to proceed to issue notice u/s. 148 of and hence, the reassessment proceedings could not be declared as null and void....
Read MoreACIT Vs Dr. Nitin Laxmikant Lad, (ITAT Pune) - In the case of ACIT Vs. Dr. Nitin Laxmikant Lad Pune Bench of ITAT have held that where assessee had furnished original return of income in which he had not declared its receipts from the profession, but pursuant to the search and seizure operation, certain incriminating documents were seized...
Read MoreDCIT Vs Deepak Chaudhary (ITAT Kolkata) -
Brahamanand Agarwal, Thekhedar Vs DCIT (ITAT Jaipur) -
M/s. Cash Edge India (Pvt.) Ltd. Vs ITO (ITAT Delhi) -
ITO Vs M/S Jagdamba Optics Pvt. Ltd., (ITAT Delhi) -
ACIT Vs Dr. Nitin Laxmikant Lad, (ITAT Pune) -
DCIT Vs M/s Sunrise Stock Services P.Ltd. (ITAT Chandigarh) -
M/s. Kailash Vahan Udyog Ltd. Vs DCIT (ITAT Pune) -
Eli Lilly & Co. (India) Pvt. Ltd. Vs ACIT (ITAT Delhi) -
M/s DDRC SRL Diagnostic P Ltd. Vs ITO (ITAT Mumbai) -
M/s Bhagwati Motors Vs ITO (ITAT Chandigarh) -