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The Revenue has filed the present appeal under Section 260A the Income Tax Act, 1961 impugning an order dated 05.01.2024 passed by the Income Tax Appellate Tribunal in ITA No.185/Del/2023 in respect of the assessment year 2013-14.
ITAT Ahmedabad held that the addition under Section 69A of the Income Tax Act made without proper examination of the books of account and relevant financial records unjustified. Accordingly, order set aside and matter restored back.
ITAT remits Venkataraju Chandra Shekar’s case for reassessment after notices were sent to the wrong email, impacting appeal hearing. Fresh adjudication ordered.
ITAT sets aside CIT(A) dismissal of Luv Procon’s appeal due to email notices despite a request for physical communication. Delay condoned; fresh hearing ordered.
ITAT Ahmedabad directs a fresh assessment after AO ignored filed ITR in Govindbhai Hirabhai Bharvad case, due to ex-parte assessment and delay issues.
ITAT Bangalore held that addition u/s. 69A unjustified as cash deposited in bank account is from business income and the same is already considered under the Profits & gains of business or profession.
Chhattisgarh High Court held that addition u/s. 68 r.w.s. 69A of the Income Tax Act towards unexplained income sustained since assessee failed to substantiate the nature and source of cash deposits in bank.
ITAT Delhi remands Anil Dugal’s case back to Assessing Officer for failing to address Rs. 11 Cr unexplained credits and other issues due to Covid-19.
ITAT Chandigarh held that since notices were issued through ITBA portal only it cannot be treated as a valid service of notice. Accordingly, proceedings initiated under section 147/148 of the Income Tax Act is liable to be quashed.
The assessee is an individual, whose case for AY 2011-12 was reopened on the basis of AIR information available in the system of department, accordingly, a notice u/s 148 was issued on 30.03.2018 and served upon the assessee through RPAD.
