2023-TIOL-304-ITAT-DEL

Fox Mandal And Company Vs ACIT

Whether when assessee has failed to substantiate its claim by failing to discharge its primary legal onus of proving that expenses were incurred exclusively for purpose of business, then additions are possible u/s 69A - YES: ITAT

- Matter remanded: DELHI ITAT

2023-TIOL-303-ITAT-KOL  

Sasmal Vincom Pvt Ltd Vs ITO

Whether failure of the assessee to appear before the ITAT and to provide any evidences in support of it's claim can lead to dismissal of appeal filed by assessee - YES: ITAT

- Assessee's appeal dismissed: KOLKATA ITAT

2023-TIOL-302-ITAT-AHM

Bridgestone Corporation Vs ACIT

Whether the assessee is eligible to be taxed @ 10% on capital gain for AY 2013-14 in view of retrospective amendment to section 112(1)(c)(iii) of the Act, which was applicable with retrospective effect from AY 2013-14 - YES: ITAT Whether AO erred in taking advantage of the ignornace of assessee about his rights - YES: ITAT

- Assessee's appeal allowed: AHMEDABAD ITAT

2023-TIOL-301-ITAT-DEL

ITO Vs VG Properties Pvt Ltd

Whether in absence of any material change justifying the Department to take a view different from that taken in earlier proceedings., the claim of the appellant for treating the receipt from business income deserves to be allowed - YES: ITAT

- Revenue's appeal dismissed: DELHI ITAT