2021-TIOL-408-ITAT-DEL
Yash Dev Mahajan And Sons HUF Vs Pr.CIT
Whether power u/s 263 can be invoked when AO has made all the due enquiries while making the original assessment - NO: ITAT
- Assessee's appeal allowed: DELHI ITAT
2021-TIOL-407-ITAT-DEL
Vikas Chowdhary Vs ITO
Whether presumption of escapement of income merely on the basis of non-filing of income tax return can be a ground for reopening of assessment - NO: ITAT
- Assessee's appeal allowed: DELHI ITAT
2021-TIOL-406-ITAT-KOL
Ninestar Merchants Pvt Ltd Vs ITO
Whether addition u/s 68 made for ingenuine share capital transaction can be sustained when assessments of the share subscriber companies has already been completed by the Income Tax Department - NO: ITAT
- Assessee's appeal allowed: KOLKATA ITAT
2021-TIOL-405-ITAT-HYD
DCIT Vs Candid Industries Ltd
Whether disallowance of financial charges can be made particularly when in previous year, AO has duly accepted the assessee's identical financial charges claim - NO: ITAT
- Revenue's appeal dismissed: HYDERABAD ITAT
2021-TIOL-404-ITAT-JAIPUR
BGSAL CF Try Vs CIT
Whether application seeking registration u/s 80G can not be rejected for not being public trust if assessee trust has already been granted registration U/s 12AA which continues to remain in force and has not been withdrawn as on date - YES : ITAT
- Case Remanded: JAIPUR ITAT
