2021-TIOL-1996-ITAT-KOL

Chandravadan Desai Vs Pr.CIT

Whether PCIT can initiate revision proceedings u/s 263 in mechanical manner based on AO's proposal without applying his mind and pointing out error committed by AO – NO: ITAT.

- Assessee's appeals allowed: KOLKATA ITAT

2021-TIOL-1995-ITAT-DEL

Keshri Textiles Vs ITO

Whether additions framed in respect of alleged accomodation entries merit being restricted to 0.5% of total billing where similar rates were adopted in orders passed for past AYs - YES: ITAT

- Assessee's appeal dismissed: DELHI ITAT

2021-TIOL-1994-ITAT-AHM

Shreyasi Dharmen Sutaria Vs ACIT

Whether if during search, some documents ought to have been recovered which belong to assessee, only then cognizance can be taken u/s 153C against assessee - YES : ITAT

- Assessee's appeal dismissed: AHMEDABAD ITAT