2022-TIOL-176-ITAT-MUM
Mahesh Pratapsingh Asher Vs ACIT
Whether expenditure incurred in connection with transfer of a capital asset as per section 48(i) of the Act & is allowable - YES: ITAT
- Assessee's appeal allowed: MUMBAI ITAT
2022-TIOL-175-ITAT-KOL
Late Chiranjilal Agarwal Vs ACIT
Whether an amount which was not uncovered during search operations conducted during relevant AY cannot be deemed to be undisclosed income for purpose of imposing penalty u/s 271AAB - YES: ITAT
- Assessee's appeal allowed: KOLKATA ITAT
2022-TIOL-174-ITAT-BANG
Mallika Iyengar Vs ITO
Whether additions framed u/s 68 are sustainable where the assessee sufficiently established the identity, capacity and genuineness of transactions with creditors - NO: ITAT
- Assessee's appeal allowed: BANGALORE ITAT
