2023-TIOL-12-SC-IT
Pr.CIT Vs Servants Of People Society
Whether GPU charities can engage themselves in commercial activity or profit, only if receipts from such activities do not exceed quantitative limit of overall receipts earned in given year - YES: SC
- Case remanded: SUPREME COURT OF INDIA
2023-TIOL-151-ITAT-MUM
Specialty Papers Ltd Vs DCIT
Whether entire assessment proceedings framed u/s 144 is vitiated, in absence of notice issued u/s 143(2) r/w/s 153C r/w/s 153A, particularly when addition made is not based on seized material - YES: ITAT
- Assessee's appeals allowed: MUMBAI ITAT
2023-TIOL-150-ITAT-MUM
Late Shri Nazmin Jamal Vs ITO
Whether re-assessment order passed on account of undisclosed investment, can be sustained when framed without enabling assessee to cross examine relevant witnesses whose statement was relied on to pass order, resulting in contravention of Rules of Natural Justice - NO: ITAT
- Appeal allowed: MUMBAI ITAT
2023-TIOL-149-ITAT-DEL
Shivani Madan Vs ACIT
Whether when husband and wife purchased equal shares, then Revenue is justified in bringing to tax 50% of income from house property in hands of wife - YES: ITAT
- Assessee's appeal dismissed: DELHI ITAT
2023-TIOL-148-ITAT-KOL
Sushil Kumar Paul Vs ACIT
Whether no order imposing penalty u/s 271AAB shall be made unless assessee has been heard, or has been given reasonable opportunity of being heard by issuing valid notice u/s 274 - YES: ITAT
- Assessee's appeal partly allowed: KOLKATA ITAT
