2021-TIOL-1068-ITAT-KOL
Excel Financial Consultants Pvt Ltd Vs ITO
Whether if reason to believe escapement of income is not that of AO, reopening of assessment u/s 147 is vitiated and bad in law – YES: ITAT
- Assessee's appeal allowed: KOLKATA ITAT
2021-TIOL-1067-ITAT-DEL
DCIT Vs Nalwa Steel And Power Ltd
Whether guarantee commission charged by bank for provision of services, cannot be said to be a 'commission' as intended to u/s 194H, but it is in the nature of Bank charges - YES: ITAT
Whether notional sales having commercial element merits to be included in the return of local tax turnovers - YES: ITAT
- Revenue's appeal partly allowed: DELHI ITAT
2021-TIOL-1066-ITAT-DEL
Naveen Infradevelopers And Engineers Pvt Ltd Vs DCIT
Whether merely because the investor has incurred losses, can it be said that the investment made by such investor is not genuine - NO: ITAT
- Assessee's appeal partly allowed: DELHI ITAT
