2023-TIOL-141-SC-IT
Kotak Mahindra Bank Ltd Vs CIT
Whether there is no infirmity in immunity granted by ITSC from prosecution & penalty as per Section 245H after considering additional income offered by taxpayer - YES: SC
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Assessee's appeal allowed: SUPREME COURT OF INDIA
2023-TIOL-1228-ITAT-KOL
Instyle Tradelinks Pvt Ltd Vs ITO
Whether CIT(A) erred in confirming the addition when assessee had already taken appropriate steps with the party for necessary correction in the TDS return - YES: ITAT
- Assessee's appeal partly allowed: KOLKATA ITAT
2023-TIOL-1227-ITAT-DEL
Bawa Jewellers Pvt Ltd Vs DCIT
Whether no addition for Cash deposits during demonetization period can be made as assessee has amply demonstrated with evidences that cash sales and cash deposits were almost same as in previous year - YES : ITAT
- Revenue's appeal dismissed: DELHI ITAT
2023-TIOL-1226-ITAT-MAD
Rajkumar Impex Pvt Ltd Vs Pr.CIT
Whether there is no need to exercise Revisional jurisdiction when AO has adopted one of possible views which is not contrary to any law - YES : ITAT
- Assessee's appeal allowed: CHENNAI ITAT
2023-TIOL-1225-ITAT-AHM
DCIT Vs Parth Developers
Whether not entire amount of purchases but only profit element embedded in such purchases can be added to assessee's income - YES : ITAT
- Revenue's appeal dismissed: AHMEDABAD ITAT
