2022-TIOL-82-ITAT-MAD
Tremco Roofing And Facility Services Pvt Ltd Vs ACIT
Whether expenses incurred on account of business merits being allowed where the assessee did not provide any scientific basis for incurring huge expenditure as a loss - NO: ITAT
- Assessee's appeal dismissed: CHENNAI ITAT
2022-TIOL-81-ITAT-MAD
S Ramamirtham Vs ITO
Whether power of revision can be exercised where the original assessment order is in no way found to be erroneous or prejudicial to Revenue's interests - NO: ITAT
- Assessee's appeal allowed: CHENNAI ITAT
2022-TIOL-80-ITAT-AHM
DCIT Vs Marg Biotech Pvt Ltd
Whether solely on basis of declaration made during survey no penalty can be imposed u/s 271(1)(c) read with Explanation 5A of the Act - YES : ITAT
- Revenue's appeal dismissed: AHMEDABAD ITAT
