2020-TIOL-619-HC-MAD-IT
CIT Vs A Jagadeeswari
On appeal, the High Court finds there to be no merits in the Revenue's appeal, considering that the issues at hand stood settled in favor of the assessee, in findings recorded by this very court.
- Revenue's appeal dismissed: MADRAS HIGH COURT
2020-TIOL-618-HC-MAD-IT
Saroja Vs ITO
In writ, the High Court set aside the subject order, by considering the decision in the case of Mrs. Kannammal V. Income Tax Officer . It further directs the assessee to appear for personal hearing before the assessing authority, at the appointed time and date.
- Assessee's writ petition allowed: MADRAS HIGH COURT
020-TIOL-374-ITAT-DEL
RL Traders Vs ITO
Whether GP rate adopted by AO merits being restricted to 4%, in absence of non-production of manufacturing account & non-furnishing of details to arrive at the actual value of items consumed & value of closing stock - YES: ITAT
- Assessee's appeal partly allowed: DELHI ITAT
2020-TIOL-373-ITAT-MAD
Parasmal Sharma Santosh Vs DCIT
Whether additions framed in the assessee's hands on account of unexplained cash credits, are to be sustained, where the assessee accepts an amount as advance without knowing that such advance was made by using undisclosed income - NO: ITAT
- Assessee's appeal allowed: CHENNAI ITAT
2020-TIOL-372-ITAT-MUM
Dynaneshwar N Talpade Vs ITO
Whether onus of proving that the assessee earned some amount of agricultural income, rests with the assessee, and the same is to be discharged through proper documentary evidence - YES: ITAT
- Asseesee's appeal partly allowed: MUMBAI ITAT
