2021-TIOL-1492-ITAT-MUM

ACIT Vs Lipi Data System Ltd

Whether for a period prior to 01/04/16, no penalty is leviable w.r.t. additions and disallowances made under normal provisions, where Income Tax payable on normal income is less than book profits u/s 115JB – YES: ITAT

- Revenue's appeal dismissed: MUMBAI ITAT

2021-TIOL-1491-ITAT-DEL

ITO Vs Elative Building Solutions Pvt Ltd

Whether the assessee had any bank account during the relevant assessment year: No : ITAT

Whether the Provisions of section 68 are applicable in the case: No : ITAT

- Assessee's petition dismissed: DELHI ITAT

2021-TIOL-1490-ITAT-DEL

ACIT Vs Mohit Saraogi

Whether addition for bogus purchases can be made when Revenue has not doubted the book results - NO : ITAT

- Revenue's appeal dismissed: DELHI ITAT