2022-TIOL-257-ITAT-DEL

Rakesh Kumar Pawa Vs ACIT

Whether penalty proceedings is bad in law and cannot sustain if AO has not specified under which limb of section 271(1)(c), he has initiated proceedings - YES : ITAT

- Assessee's appeal allowed: DELHI ITAT

2022-TIOL-256-ITAT-BANG

Geetha Pundaleeka Vs DCIT

Whether proviso to sec. 40(a)(ia) is applicable only when expenditure claimed by assessee as deduction in earlier AY was disallowed by AO by invoking provisions u/s 40(a)(ia) on reason of non-deduction of tax at source or remitting the same to Government after deduction – YES: ITAT

- Assessee's appeal dismissed: BANGALORE ITAT

2022-TIOL-255-ITAT-AHM

DCIT Vs Aarti Catalyst Solutions Pvt Ltd

Whether when assessee establishes identity of creditors w.r.t. loan transactions, AO cannot invoke proviso to sec. 68 – YES: ITAT

- Revenue's appeal dismissed: AHMEDABAD ITAT