2022-TIOL-35-SC-IT
Union Bank of India Vs Addl.CIT
Whether payments of interest made to a statutory body calls for deduction of tax at source u/s 194A - YES: SC
- Assessee's appeal allowed: SUPREME COURT OF INDIA
2022-TIOL-34-SC-IT
Pr.CIT Vs Bajaj Herbals Pvt Ltd
Whether non-speaking and non-reasoned order passed without discussing the factual matrix and without recording the submission of parties, merits remand and adjudication afresh - YES: SC
- Revenue's appeal allowed: SUPREME COURT OF INDIA
2022-TIOL-373-ITAT-AHM
Sports Authority of Gujarat Vs DCIT
Whether interest income earned from surplus fund cannot qualify as income from business and profession as none of objectives of assessee trust is about carrying out any business or profession or even ancillary business to sporting activity - YES : ITAT
- Assessee's appeal dismissed: AHMEDABAD ITAT
2022-TIOL-372-ITAT-AHM
Banpal Oilchem Pvt Ltd Vs ACIT
Whether disclosure made by assessee during survey operation for amount of Rs. 2 crores includes amount of gross profit on unaccounted sales - NO : ITAT Whether assessee failed to provide primary documents to appreciate that cash transactions is inclusive of unaccounted sales - YES : ITAT Whether onus is on assessee to establish its contention by producing primary documents - YES : ITAT
- Assessee's appeal dismissed: AHMEDABAD ITAT
