Cash Deposits from Prior Withdrawals for Failed Property Deal Not Unexplained Money. Issue Whether cash deposits made by an assessee (a Scheduled Tribe member claiming Section 10(26) exemption) can be treated as “unexplained money” under Section 69A when the assessee demonstrates through bank statements that the source was cash withdrawals made earlier for a property… Read More »
ITR REFUND PROCESSING! तूफानी रफ्तार ! INCOME TAX REFUND DELAY !
ITAT Restores Appeal Dismissed In Limine Due to Delay; Directs Adjudication on Merits Issue Whether the Commissioner (Appeals) [CIT(A)] was justified in dismissing the assessee’s appeal at the threshold (in limine) solely due to a delay of 45 days in filing, without adjudicating the substantive addition of Rs. 18.47 Lakhs made by the Assessing Officer… Read More »
ITAT Remands Cash Deposit Addition to CIT(A) to Consider Additional Evidence Regarding Agricultural Source Issue Whether the addition of Rs. 7.02 Lakhs (sustained by the CIT(A) out of an original Rs. 10.02 Lakhs addition) on account of unexplained cash deposits should be confirmed, or if the matter requires fresh adjudication to consider additional evidence produced… Read More »
ITAT Restores Appeal to CIT(A) for Adjudication on Merits; Condoning Delay of 207 Days Issue Whether the Commissioner (Appeals) [CIT(A)] was justified in dismissing the assessee’s appeal in limine (at the threshold) solely on the ground of a 207-day delay in filing, without considering the merits of the addition made under Section 144 (Best Judgment… Read More »
Rejection of Books u/s 145(3) Set Aside by CIT(A) as No Specific Defects Found; ITAT Dismisses Revenue’s Appeal Issue Rejection of Books: Whether the Assessing Officer (AO) was justified in rejecting the books of account under Section 145(3) and estimating net profit at 8% on the grounds of non-submission of sales/purchase accounts and creditor confirmations,… Read More »
Reopening Notice u/s 148 by JAO (Central Circle) Quashed as Mandatory Faceless Scheme Applicable Issue Whether a notice for reopening assessment under Section 148 issued by a Jurisdictional Assessing Officer (JAO) (specifically a Central Circle officer) on 29-12-2023 is valid in law, considering the mandate of Section 151A and the Faceless Assessment Scheme notification dated… Read More »
Reopening Notice u/s 148 by JAO (Central Circle) Quashed as Mandatory Faceless Scheme Applicable Issue Whether a notice for reopening assessment under Section 148 issued by a Jurisdictional Assessing Officer (JAO) (specifically a Central Circle officer) on 29-12-2023 is valid, or if it is void ab initio for violating the mandatory Faceless Assessment Scheme notified… Read More »
Reopening Quashed: Notice u/s 148 by JAO Invalid; Faceless Scheme Applies to Central Charges Issue Whether a notice for reopening assessment under Section 148 issued by a Jurisdictional Assessing Officer (JAO) (specifically a Central Circle officer) on 29-12-2023 is valid in law, considering the mandate of Section 151A and the Faceless Assessment Scheme notification dated… Read More »
Cash Refund of Lapsed Cesses (EC, SHEC, KKC) Denied Under GST Regime Issue Whether unutilised balances of Education Cess (EC), Secondary and Higher Education Cess (SHEC), and Krishi Kalyan Cess (KKC) lying in the CENVAT credit account as of 30.06.2017 can be refunded in cash under Section 142(3) of the CGST Act, 2017. Whether these… Read More »