Tag Archives: DCIT/ACIT

Addition under Section 69A fails when DVO report accepts declared property prices, while Section 271B penalty stands without reasonable cause.

By | September 11, 2026
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Addition under Section 69A fails when DVO report accepts declared property prices, while Section 271B penalty stands without reasonable cause. Issue Whether additions under Section 69A based on a seized diary can be sustained when a Departmental Valuation Officer (DVO) report under Section 142A accepts declared property prices as matching fair market value. Whether penalty… Read More »

Deletion of additions for third-party impounded documents, bank stock estimates, off-the-shelf software TDS, and election estimates, with net profit on undisclosed turnover capped at 12%.

By | September 7, 2026
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Deletion of additions for third-party impounded documents, bank stock estimates, off-the-shelf software TDS, and election estimates, with net profit on undisclosed turnover capped at 12%. Issue Whether additions made on account of estimated net profit rates, impounded documents pertaining to third parties, software payment TDS disallowance, inflated bank stock statements, unverified land/renovation entries, proposed election… Read More »

Remand Ordered for Verification of TDS Credit Where Assessee Demonstrated Tax Payment by Deductor

By | August 29, 2026
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Remand Ordered for Verification of TDS Credit Where Assessee Demonstrated Tax Payment by Deductor Remand Ordered for Verification of TDS Credit Where Assessee Demonstrated Tax Payment by Deductor Issue Whether denial of TDS credit based solely on Form 26AS mismatch is sustainable when the assessee produces evidence demonstrating full tax deduction and payment by the… Read More »

Refusal to Condone Delay Unjustified When Assessee Was Incarcerated and Raised Substantial Legal Challenges

By | June 27, 2026
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Refusal to Condone Delay Unjustified When Assessee Was Incarcerated and Raised Substantial Legal Challenges Issue Whether the Commissioner (Appeals) was legally justified in dismissing an appeal in limine as time-barred by refusing to condone a delay of 227 days, when the assessee was incarcerated in jail, unable to obtain a digital signature for e-filing, and… Read More »