2023-TIOL-425-ITAT-JABALPUR
ITO Vs MP Rastriya Koyla Khadan
Whether assessee is not entity covered u/s 80P(4) and is entitled to deduction u/s 80P in respect of income from activities specified u/s 80P(2)(a)(i), where-under claim u/s. 80P(1) stands preferred by it - YES : ITAT
- Revenue's appeal disposed of: JABALPUR ITAT
2023-TIOL-424-ITAT-JAIPUR
Jagdish Chandra Choudhary Vs ITO
Whether affidavits which are duly notorized hold the legal identity which cannot be rejected merely on surmises without having any contrary material on record - YES: ITAT Whether where there was no contradictory material in possession of AO and explanation accorded by assessee was duly substantiated by way of affidavit affirming on oath, said contentions cannot be rejected summarily - YES: ITAT
- Assessee's appeal allowed: JAIPUR ITAT
2023-TIOL-423-ITAT-KOL
DCIT Vs Rav Dravya Pvt Ltd
Whether since speculative loss can not be adjusted against business income, to find out real nature of transaction case can be remanded back AO - YES : ITAT
- Revenue's appeal partly allowed: KOLKATA ITAT
2023-TIOL-422-ITAT-AHM
Ramanbhai Bholidas Patel Vs Pr.CIT
Whether Section 54B is not applicable, if land is not used for agricultural purposes in two years preceding date of transfer - YES : ITAT
- Assessee's appeal dismissed: AHMEDABAD ITAT
