2022-TIOL-1034-ITAT-VARANASI
Careernet Technologies Pvt Ltd Vs ACIT
Whether tour & travelling expenditure merits to be disallowed unless it is established that such expenses were incurred wholly & exclusively for purposes of business satisfying mandate of Section 37(1) - YES: ITAT
- Assessee's appeal dismissed: VARANASI ITAT
2022-TIOL-1033-ITAT-RAJKOT
DCIT Vs Real Procon Pvt Ltd
Whether when assessee has fully discharged its onus cast u/s 68 and proved genuineness of credit of share capital and premium in its books of account, then no addition is permitted on account of bogus share - YES: ITAT
Whether once transaction of share capital and premium thereon held to be genuine, there is no question of any commission expenses for getting alleged bogus entry on account of such transaction - YES: ITAT
- Revenue's appeal dismissed: RAJKOT ITAT
2022-TIOL-1032-ITAT-CHD
Shashi Prabha Tripathi Vs ITO
Whether in absence of any inconsistency in assessee's claim and non rebuttal of supporting documents, addition cannot be sustained arbitrarily - YES: ITAT
- Assessee's appeal allowed: CHANDIGARH ITAT
