2022-TIOL-973-ITAT- VARANASI
Sri Indra Narayan Tripathi Vs ACIT
Whether differential amount between purchase price and valuation report as determined by DVO should be brought to tax by AO u/s 56(2)(vii)(b) - YES: ITAT
- Matter remanded: VARANASI ITAT
2022-TIOL-972-ITAT-BANG
Sri Channamallikarjuna Trust Vs CIT
Whether a charitable trust can be characterised as with religious object, especially when it does not make a distinction between caste, creed, race & religion - NO: ITAT
- Assessee's appeal allowed: BANGALORE ITAT
2022-TIOL-971-ITAT-AHM
ITO Vs Akar Laminators Ltd
Whether Revenue cannot enter in shoes of assessee to decide quantum of salary to be paid by employer - NO: ITAT Whether it is employers prerogative to increase or decrease salary of his employees - YES: ITAT
- Revenue's appeal dismissed: AHMEDABAD ITAT
