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TDS Credit Denied Where Assessee Not Party to Sale Deed and Family Arrangement Unregistered; Credit Directed to Legal Owners: Jerambhai Ratnabhai Patel vs. CPC (ITAT Ahmedabad)
Facts
of the CaseThe
assessee, Jerambhai Ratnabhai Patel, along with his wife and son, sold an
immovable property comprising residential and commercial units situated at
Omkar Complex, Bhavnagar, Gujarat. The registe...
Ex Parte Appellate Order Set Aside with Cost Where Sales Promotion and Interest Expenses Treated as Unexplained under Section 69C: Dharti Madrid County LLP vs. DCIT (ITAT Ahmedabad)
Facts of the CaseThe assessee, Dharti Madrid County LLP,
filed its return of income for Assessment Year 2018-19 on 31.10.2018 declaring
total income of ₹34,32,120. The case was selected for scrutiny under CASS to
ex...
On-Money Additions Deleted for Lack of Corroborative Evidence; Estimation Based on Loose Sheets and Assumptions Rejected; Deemed Rent under Section 23(5) Sustained: DCIT vs. SKZ Developers LLP (ITAT Ahmedabad)
Facts of the CaseThe assessee, SKZ Developers LLP, engaged
in real-estate development, filed its returns of income for Assessment Years
2021-22 and 2022-23. A search and seizure action under Section 132 was
conducted ...
Ex Parte Capital Gain and Cash Deposit Additions Set Aside Subject to Cost Where Assessee Failed to Comply Despite Multiple Notices: Amarsinh Thakor vs. ITO (ITAT Ahmedabad)
Facts
of the CaseThe
assessee, Amarsinh Thakor, did not file his return of income for Assessment
Year 2016-17. Based on information that the assessee had sold an immovable
property and deposited cash in his bank acco...
Ex Parte Reassessment and Rejection of Condonation of Delay Set Aside in the Interest of Justice: Matter Remanded for De Novo Adjudication – Rakesh Kumar vs. ITO, Ward-6(2), Patna (ITAT)
Facts of the
CaseThe assessee, Rakesh Kumar, engaged in real estate
development activity through land development agreements, filed his return of
income for Assessment Year 2015-16 declaring income of ₹3,06,294. The...
Cash Deposits During Demonetisation and Addition under Section 69A Remanded for Proper Examination of Business Turnover and Embedded Profit – Patliputra Distributors Private Limited vs. DC/AC, Circle-2, Patna (ITAT)
Facts of the
CaseThe assessee, Patliputra Distributors Private
Limited, engaged in wholesale trading, filed its return of income for
Assessment Year 2017-18 on 06.11.2017 declaring income of ₹1,77,07,480. The
case ...
Ex Parte Appellate Order Set Aside for Non-Adjudication on Merits: Matter Restored to CIT(A) After Condonation of Delay – Mohammed Ashfaq Ansari vs. Income Tax Department (ITAT)
Facts of the
CaseThe assessee, Mohammed Ashfaq Ansari, filed an
appeal for Assessment Year 2014-15 against the order passed by the National
Faceless Appeal Centre dated 29.02.2024. The appeal before the Tribunal was
...
Capital Gains on Compulsory Acquisition and Claim of Exemption under RFCTLARR Act and Section 54B Remanded for Fresh Verification – Manoj Kumar vs. ITO, Ward-4(4), Patna (ITAT)
Facts of the
CaseThe assessee, Manoj Kumar, filed his return of
income for Assessment Year 2016-17 declaring total income of ₹2,20,560. The
case was selected for scrutiny and notice under Section 143(2) was issued.
...
Deletion of ₹5 Crore Cash Deposit Set Aside for Violation of Rule 46A: Matter Remanded for Verification of Bank Error – ITO, Ward-1(1), Bhagalpur vs. Sapna (ITAT Patna)
Facts of the
CaseThe assessee, Sapna, did not file a return of
income for Assessment Year 2015-16. Based on information available on the ITBA
system and Insight Portal, the Assessing Officer noted cash deposits of ₹...
Cash Deposits Not Taxable on Gross Basis Without Examining Net Income and Source: Matter Remanded for De Novo Consideration – Almahad Trust vs. ITO (Exemption), Ward-1, Patna (ITAT)
Facts of the
CaseThe assessee, Almahad Trust, filed its return of
income for Assessment Year 2013-14. Based on information from the e-filing
portal, the Assessing Officer noted cash deposits of ₹21,84,076 in a bank
...