2021-TIOL-1883-HC-MUM-IT
Haren Textiles Pvt Ltd Vs Pr.CIT
Whether where an assessee makes application u/s 270AA & if such application is accepted, then assessee cannot file an appeal u/s 246(A) or revision application u/s 264 - YES: HC
- Writ petition allowed: BOMBAY HIGH COURT
2021-TIOL-1878-HC-MAD-IT
CIT Vs Income Tax Settlement Commission
Whether the order passed by the Income Tax Settlement Commission, in proceedings dated 31.07.2013 to the extent of settling the issues based on the additional income, beyond the scope of Section 245C, can be quashed on the ground that the order of settlement passed is beyond the jurisdiction and authority: YES : HC
Whether the High Court should restore the jurisdiction of the Assessing Officer so as to pass regular assessment order of the second respondent for the assessment year 2007-2008 to 2013-2014: YES : HC
- Assessee's petition allowed: MADRAS HIGH COURT
2021-TIOL-1568-ITAT-CHD
Sanjay Singal Vs DCIT
Whether the onus rests with the assessee to prove genuineness of cash gifts & to produce the donor in this regard - YES: ITAT
Whether therefore, not permitting assessee to cross examine such donor, has any impact, where the assessee does not discharge the onus of producing the donor or establishing genuineness of cash gift - NO: ITAT
Whether additions can be framed based on declarations alone - NO: ITAT
Whether therefore, such declarations should be supported by unexplained expenditure or assets discernible in the seized material during the course of search operations - YES: ITAT
- Assessees' appeals allowed: CHANDIGARH ITAT
2021-TIOL-1564-ITAT-KOL
Eversafe Securities Pvt Ltd Vs ITO
Whether the notice issued by the ITO, Kolkata u/s 143(2) of the Act on 12.08.2013 is without jurisdiction - Yes: ITAT
- Assessee's appeal allowed: KOLKATA ITAT
2021-TIOL-1563-ITAT-INDORE
Vikash Krishi Seva Kendra Vs Pr.CIT
Whether u/s 263, PCIT can order for fresh enquiry when adequate enquiry is already done and AO has taken one of the plausible views as permissible under law – NO: ITAT
- Assessee's appeal allowed: INDORE ITAT
