2021-TIOL-1359-ITAT-HYD
Krishnapatnam Port Company Ltd Vs DCIT
Whether power of revision is rightly exercised where the AO omits to compute Minimum Alternate Tax u/s 115JB in respect of assessee's provisions for bad or doubtful debt, leading to the original assessment order being erroneous & prejudicial to Revenue's interests - YES: ITAT
- Assessee's appeals partly allowed: HYDERABAD ITAT
2021-TIOL-1358-ITAT-HYD
ITO Vs Kishore Kumar Athota
Whether additions framed on account of unexplained income merit being upheld where the relevant records do not conclusively establish the source of such income earned by the assessee or the manner in which it has been earned - YES: ITAT
- Revenue's appeal allowed: HYDERABAD ITAT
2021-TIOL-1357-ITAT-INDORE
Aisect Ltd Vs ITO
Whether if AO fails to corroborate disclosures made in statement given u/s 133A during survey with incriminating material gathered thereunder, no addition can be made purely on basis of the statement – YES: ITAT.
- Assessee's Appeals partly allowed/Revenue's Appeals dismissed: INDORE ITAT
