2023-TIOL-1159-ITAT-MAD

Syed Nazaar Syed Fayaz Vs ITO

Whether addition framed for unexplained cash deposit are sustainable in part where assessee did not produce evidence to show origin for all cash deposits - YES: ITAT

- Appeal partly allowed: CHENNAI ITAT

2023-TIOL-1158-ITAT-INDORE

Ravi Agrawal Vs Pr.CIT

Whether power of revision is rightly exercised where the AO does not conduct any inquiry w.r.t. issue of allowability of deduction claimed by assessee - YES: ITAT

- Appeal dismissed: INDORE ITAT

2023-TIOL-1157-ITAT-INDORE

Naresh Navlani Vs DCIT

Whether addition for unexplained unsecured loan not to be made as assessee has discharged primary burden cast upon it - YES : ITAT

- Assessee's appeal allowed: INDORE ITAT

2023-TIOL-1156-ITAT-KOL

Evergreen Agency Pvt Ltd Vs Pr.CIT

Whether power of revision invoked w.r.t. an issue which did not form part of re-assessment order, is valid, where re-assessment was conducted & the matter was later settled under the Vivad Se Vishwas Scheme - NO: ITAT

- Appeal allowed: KOLKATA ITAT

2023-TIOL-1155-ITAT-VIZAG

DCIT Vs Malineni Sambasiva Rao

Whether power of revision has rightly been exercised where AO omits to consider certain amounts received by the assessee & for which the assessee did not provide any reasonable explanation - YES: ITAT

- Revenue's appeal dismissed: VISAKHAPATNAM ITAT