2021-TIOL-1902-ITAT-MUM
Anandilal And Ganesh Podar Society Samria And Company Vs DCIT
Whether charitable trust is eligible for provision for gratuity & leave encashment, which was applied as per objectives of trust - YES: ITAT
- Assessee's appeal allowed: MUMBAI ITAT
2021-TIOL-1901-ITAT-KOL
Ram Ratan Modi Vs ACIT
Whether protective assessment is not warranted in hands of assessee when assessee has been able to discharge onus of showing nature and source of credit entries – YES: ITAT.
- Assessee's appeal allowed: KOLKATA ITAT
2021-TIOL-1900-ITAT-AGRA
Umesh Chandra Gupta Vs DCIT
Whether once issue has been attained finality, no fresh adjudication is required and since assessee is regularly showing income from share trading as business income, therefore disallowance of set off of loss from derivative and share trading not to be sustained – YES : ITAT
Whether since AO had not disputed identity, creditworthiness and relationship of person who gave loan to assessee, and assessee had fulfilled preconditions required to prove u/s.68, no addition is required to be sustained – YES: ITAT
- Assessee's appeal partly allowed: AGRA ITAT
