2022-TIOL-91-ITAT-AHM
DCIT Vs Navratna Organizers And Developers Pvt Ltd
Whether disallowance under Section 14A can be made where the assessee has sufficient own funds for investments which yielded exempt income - NO: ITAT
- Revenue's appeals dismissed: AHMEDABAD ITAT
2022-TIOL-90-ITAT-CHD
Greater Mohali Area Developmnet Authority Vs DCIT
Whether re-opening of assessment beyond the four-year limitation period, is sustainable, where no omission to make full and true disclosure of material facts necessary for assessment, is attributable to the assessee - NO: ITAT
- Assessee's appeals allowed/Revenue's appeal dismissed: CHANDIGARH ITAT
2022-TIOL-89-ITAT-CHD
YD Solutions Vs ITO
Whether penalty under Section 271(1) on charges of concealment of income can be sustained, where the assessee offered income to tax under an incorrect heading, being under the bona fide belief that such income was taxable under that heading - NO: ITAT
- Assessee's appeal allowed: CHANDIGARH ITAT
