2021-TIOL-243-SC-IT

ITO Vs Late Bhupendra Bhikhalal Desai

Having heard the parties, the Supreme Court refused to interfere in the order of the High Court on the issue of validity of notice u/s 153C and dismisses the SLP.

- Revenue's SLP dismissed: SUPREME COURT OF INDIA

2021-TIOL-242-SC-IT-LB

ACIT Vs Kantibhai Dharamshibhai Narola

Having heard the parties, the Supreme Court issued notices to the respective parties directing their appearances for further hearing on the issue of validity of reopening proceedings.

- Notice issued: SUPREME COURT OF INDIA

2021-TIOL-241-SC-IT

ITO Vs Late Bhupendra Bhikhalal Desai

Having heard the parties, the Supreme Court refused to interfere in the order of the High Court on the issue of validity of notice u/s 153C and dismisses the SLP.

- Revenue's SLP dismissed: SUPREME COURT OF INDIA

2021-TIOL-240-SC-IT

Ashwini Sahakari Rugnalaya And Research Centre Vs Chief CIT

Whether charitable hospitals which are remunerating doctors at par with commercial hospitals are eligible for exemption u/s 10(23C)(via) - NO: SC

- Assessee's appeal dismissed: SUPREME COURT OF INDIA

2021-TIOL-1553-ITAT-MUM

DCIT Vs Rockwood Hotels And Resorts Ltd

Whether when assessee satisfies all three tests of identity, creditworthiness and genuineness, no addition can be made as unexplained cash credit u/s 68 – YES: ITAT

- Revenue's appeal dismissed: MUMBAI ITAT

2021-TIOL-1552-ITAT-MUM

Rao and Ashok Vs ITO

Whether penalty u/s 271B is imposable where assessee is delayed by 29 days in filing ITRs and Tax Audit Report & where such delay has reasonable explanation behind it - NO: ITAT

- Assessee's appeal allowed: MUMBAI ITAT

2021-TIOL-1551-ITAT-PUNE

Balasahev Vyankat Gaikwad Vs ACIT

Whether additions framed in respect of agricultural income earned by the assessee merit being sustained where the assessee fails to furnish details such as cultivation of the land, irrigation facilities or purchase of inputs - YES: ITAT

- Assessee's appeal dismissed: PUNE ITAT