2021-TIOL-965-ITAT-DEL
Marble Art Vs ACIT
Whether reopening of assessment is not valid as proceedings are initiated not on the basis of satisfaction of the AO, but on the basis of mere recommendation of ADIT (Inv.), Meerut - YES : ITAT
- Assessee's appeal allowed: DELHI ITAT
2021-TIOL-964-ITAT-DEL
Elite Realtech Pvt Ltd Vs ACIT
Whether failure to establish involvement of taxpayer in unexplained money transactions and absence of incriminating material, prohibits AO to make additions u/s 153C - YES: ITAT
Whether when quantum appeal itself has been decided in favour of taxpayer and addition stands deleted, then penalty levied on such quantum does not survive - YES: ITAT
- Assessee's appeals allowed: DELHI ITAT
2021-TIOL-963-ITAT-MAD
DCIT Vs Arun Enterprises
Whether deduction u/s 80IC must be allowed when assessee has established new business unit and has not split or recontsructed its existing unit – YES: ITAT
- Revenue's appeals dismissed: CHENNAI ITAT
2021-TIOL-962-ITAT-HYD
Charminar Bottling Company Pvt Ltd Vs ACIT
Whether no addition u/s 69 can be made based on dumb documents, absence of any corroborative evidence to establish that land is actually purchased by assessee - YES : ITAT
- Assessee's appeal partly allowed: HYDERABAD ITAT
