2022-TIOL-1170-ITAT-KOL
Swapan Das Vs ITO
Whether books of accounts can be rejected without giving any finding that account books are unreliable, incorrect or incomplete - NO : ITAT
- Assessee's appeal allowed: KOLKATA ITAT
Rajinder Singh Vs Pr CIT
Whether merely stating that AO has examined transaction doesn't debar PCIT from highlighting fact that order so passed by AO is not in accordance with law having failed to examine creditworthiness of donor -YES : ITAT
- Assessee's appeal dismissed: CHANDIGARH ITAT
Bhogwati Sahakari Sakhar Kharkhana Ltd Vs ACIT
Whether following latest co-ordinate bench order issue of payment of excess sugarcane price can be remanded back to AO to decide it afresh - YES : ITAT
- Matter remanded: PUNE ITAT
DCIT Vs Quant Securities Pvt Ltd
Whether when income from other sources is much more than income from business, then assessee's case squarely falls under exception clause provided in Explanation to Section 73 - YES: ITAT
- Revenue's appeal dismissed: MUMBAI ITAT
