2021-TIOL-1244-ITAT-DEL
Tikaula Sugar Mills Ltd Vs ACIT
Whether book profit as per accounts maintained in terms of Part II and III of Schedule VI of Companies Act, 1956 as certified by the Accountant is binding on the AO and he cannot recompute the book profit in terms of section 115JB - YES : ITAT
- Assessee's appeal partly allowed: DELHI ITAT
2021-TIOL-1243-ITAT-KOL
PG Commercials Pvt Ltd Vs ITO
Whether since condition precedent to invoke revisional jurisdiction are not satisfied by PCIT, order passed u/s 263 is inapplicable to assessee - YES : ITAT
- Assessee's appeal allowed: KOLKATA ITAT
2021-TIOL-1242-ITAT-JAIPUR
Gupta Computers Vs ITO
Whether cash transactions by assessee that are not substantiated by corroborating evidence should be disallowed – YES: ITAT
- Case remanded: JAIPUR ITAT
