2021-TIOL-1427-HC-AHM-IT
Toshiba Technical Services International Corporation Vs ACIT
Whether when taxpayer had already availed alternative statutory remedy by filing appeals and failed to comply with mandatory requirements of DTVSV Act, no writ remedy is available to him - YES: HC
- Assessee's petition dismissed : GUJARAT HIGH COURT
2021-TIOL-1106-ITAT-HYD
ACIT Vs Abir Infrastructure Pvt Ltd
Whether assessment can be reopened u/s 147 on basis of 'reason to believe' and not 'reason to suspect' - YES: ITAT
Whether in reasons recorded for reopeing, there must be allegations upon assessee for not disclosing fully & truly all material facts for computation of assessment in case of assessment u/s 143(3) - YES: ITAT
- Revenue's appeal dismissed: HYDERABAD ITAT
2021-TIOL-1105-ITAT-HYD
ACIT Vs V V Rajam
Whether addition on account of unaccounted cash towards sale of land can be made based on assessee's acceptance of such transaction during the course of search proceedings - YES : ITAT
- Revenue's appeal allowed: HYDERABAD ITAT
2021-TIOL-1104-ITAT-MAD
Jenirichagro Products Pvt Ltd Vs DCIT
Whether power of revision can be exercised where the AO takes one of two views possible in respect of the relevant issue - NO: ITAT
Whether in such circumstances, it can be said that the original assessment order is erroneous or prejudicial to Revenue's interests - NO: ITAT
- Assessee's appeal allowed: CHENNAI ITAT
2021-TIOL-1103-ITAT-VIZAG
Sri Rama Seeds Agencies Vs ITO
Whether it is fit case for remand where additions on account of unexplained investments are framed, without considering certain additional evidence submitted by the assessee - YES: ITAT
- Case remanded: VISAKHAPATNAM ITAT
