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Section 14A Disallowance Not Permissible for Expenditure Not Claimed in Return: ITAT Mumbai in Kuntal Hasmukhlal Shah v. ACIT
The
assessee, an individual, filed his return of income for Assessment Year 2017–18
declaring total income of ₹21,70,080. The return was processed under section
143(1) of the Income-tax Act, 1961. Subsequently, th...
Penalty under Section 271D Cannot Be Sustained Solely on Third-Party Statements: ITAT Mumbai in Kamal Dwarkadas Gadodia v. Additional CIT
The
assessee preferred an appeal against the order passed by the National Faceless
Appeal Centre, affirming the penalty imposed under section 271D of the
Income-tax Act, 1961 for the Assessment Year 2010–11. The pen...
Ex-Parte Appellate Order Violative of Natural Justice—Matter Remanded for Fresh Adjudication: ITAT Mumbai in Chandulal Navjibhai Patel v. ITO
The
assessee preferred an appeal against the order passed by the National Faceless
Appeal Centre for Assessment Year 2016–17, arising out of reassessment
proceedings initiated under section 147 of the Income-tax Act...
Deemed Dividend under Section 2(22)(e) Requires Examination of Lending as Substantial Business: ITAT Mumbai in Bharat Nathalal Zaveri v. ITO
The
assessee preferred an appeal against the order passed by the National Faceless
Appeal Centre for Assessment Year 1995–96. At the outset, the Tribunal condoned
a delay of 440 days in filing the appeal, accepting ...
CIT(A) Cannot Dismiss Appeal for Non-Prosecution—Ex-Parte Order Set Aside: ITAT Mumbai in Balkrishna Pandurang Patil v. ITO
The
assessee preferred an appeal against the order passed by the National Faceless
Appeal Centre for Assessment Year 2017–18. The reassessment proceedings were
initiated on the basis of information received from the...
Section 68 Addition Cannot Be Sustained Without Proper Appreciation of Additional Evidence: ITAT Mumbai in Anirudh Bhimjibhai Dudhat v. ITO
The
assessee preferred an appeal against the order passed by the National Faceless
Appeal Centre for Assessment Year 2014–15, whereby an addition made under
section 68 of the Income-tax Act, 1961 was sustained. The ...
Assessment Set Aside for Lack of Effective Opportunity—Delay Condoned Considering COVID and Ill-Health: ITAT Chennai in Tanjore Chandrakantam Balakrishnan Ravi v. DCIT
The
assessee preferred an appeal against the order passed by the Commissioner of
Income Tax (Appeals), Trichy, for Assessment Year 2011-12. There was a delay of
1510 days in filing the appeal. The assessee explained t...
Section 148 Reassessment Notice Issued by Jurisdictional AO Held Invalid – ITAT Chennai Applies Mark Studio and Hexaware Technologies in Vijayakumar Balaji vs ITO
The
appeal was filed by the assessee, Vijayakumar Balaji, against the order
of the National Faceless Appeal Centre for Assessment Year 2020-21, wherein
reassessment proceedings initiated under section 147 of the Incom...
Reassessment Notice Issued by Jurisdictional AO Quashed – ITAT Chennai Applies Mark Studio and Hexaware Technologies in Shanmugam Palanisamy vs ITO
The
appeal was filed by the assessee, Shanmugam Palanisamy, against the order
passed by the National Faceless Appeal Centre for Assessment Year 2020-21,
whereby the reassessment proceedings initiated under section 147...
Reassessment Notice Issued by Jurisdictional AO Held Invalid – ITAT Chennai Follows Mark Studio and Hexaware Technologies in Palanisamy Srilatha vs ITO
The
appeal was filed by the assessee, Palanisamy Srilatha, against the order
of the National Faceless Appeal Centre for Assessment Year 2015-16, confirming
reassessment proceedings initiated under section 147 of the I...