Additions made under section 69A against assessee for Assessment Years (AYs) 2011-12 to 2018-19 was deleted as proceedings initiated on the basis of seized documents which did not mention assessee’s name were unsustainable.
In RCM there was no output tax liability because it was treated as exempt and, therefore, in tune with the objective of GST, credit of ITC could not be claimed in the absence of liability but same could be claimed by the recipient of service.
Tribunal upheld revision. It was held that once there was an inquiry, even inadequate, that would not by itself, give occasion to the Commissioner to pass order under Section 263 merely because he had a different opinion in the matter.
The Interim Resolution Professional should perform all his functions as contemplated, inter-alia, by Sections 15, 17, 18, 19, 20 & 21 of the Code and transact proceedings with utmost dedication, honesty and strictly in accordance with the provisions of the Code, Rules and Regulations.
ITAT Jabalpur sets aside the ex-parte dismissal of a taxpayer’s appeal, remanding the case for a fresh hearing on the validity of a reassessment and income addition, citing a violation of natural justice.
The ITAT has remanded a tax appeal to the CIT(A) for a fresh review after the assessee’s submissions regarding excess stock were not considered in an ex-parte order.
ITAT Pune upholds a penalty imposed under Section 271(1)(b) of the Income Tax Act for a taxpayer’s failure to comply with statutory notices from the Assessing Officer.
The ITAT has remanded a tax case to the AO for a new assessment, ruling that the addition of Rs. 2.53 crore in bank deposits was made without proper verification.
The ITAT Lucknow has ruled that a CIT(A) cannot dismiss an appeal for non-prosecution, emphasizing the need for a speaking order on merits under Section 250(6) of the Income Tax Act
Although in the tax statute the limitation was interpreted in strict manner but when the legislature itself had prescribed extended period of time after period of limitation then the Authority ought to have considered such aspect and examined the cause shown by the appellant.
