2023-TIOL-240-ITAT-JAIPUR

Manju Agarwal Vs ITO

Whether a mere suspicion is a valid ground for treating the transaction as bogus in the absence of any evidence or material on record - NO: ITAT

- Assessee's appeal allowed: JAIPUR ITAT

2023-TIOL-239-ITAT-CHD

Hardev Singh Vs ITO

Whether onus can be shifted back to assessee when revenue has failed to bring positive evidence to rebutt the explanation so furnished - NO:ITAT

- Assessee's appeal allowed: CHANDIGARH ITAT

2023-TIOL-238-ITAT-DEL

Sushil Bansal Vs ACIT

Whether when the income was offered for taxation before the search was conducted, can it be said that amount was found and seized as a result of search - NO: ITAT Whether a penalty u/s 271 can be levied when the income was offered for taxation and not seized as a result of search by AO - NO: ITAT

- Assessee's appeal allowed: DELHI ITAT

2023-TIOL-237-ITAT-MUM

Bombay Transport Cooperative Consumer Society Ltd Vs ITO

Whether failure of AO to make any enquiry which he should have made w.r.t. capital loss claimed as revenue expenditure as well as several expenditure debited to the profit and loss account makes the order of assessment erroneous and prejudicial to the interest of revenue -YES: ITAT

- Assessee's appeal dismissed: MUMBAI ITAT