2021-TIOL-1824-ITAT-CHD
Baldev Raj And Sons Vs ITO
Whether since no enquiry is conducted to ascertain margin on sale of vehicles also books of account of assessee are not rejected thus, addition is not sustainable in law- YES: ITAT
- Assessee's appeal allowed: CHANDIGARH ITAT
2021-TIOL-1823-ITAT-MUM
ACIT Vs Sagar Construction
Whether mere activity of sale and purchase of shares, without proper evidences cannot be held to be an activity giving rise to income assessable under head income from business or profession – YES: ITAT
- Revenue appeals dismissed: MUMBAI ITAT
2021-TIOL-1822-ITAT-DEL
Gahoi Buildwell Pvt Ltd Vs ACIT
Whether since in notice issued there is no specific charges relating to concealment of income or furnishing of inaccurate particulars of income, penalty levied u/s 271(1)(c) is not sustainable– YES : ITAT
- Assessee's appeal allowed: DELHI ITAT
