2023-TIOL-1256-ITAT-INDORE

ADIT Vs Aakash Shukla

Whether where AO is not able to prove that loan transactions of assessee are out of undisclosed income, no addition should be made u/s 68 - YES: ITAT

- Revenue's appeal dismissed: INDORE ITAT

2023-TIOL-1255-ITAT-AHM

Manoj Kaushikprasad Jingar Vs Assessing Officer

Whether merely because assessee has belatedly filed Form 67, Revenue cannot deny entitlement of benefit of Indo Tanzania treaty on salary earned by assessee from Tanzania - YES: ITAT

- Assessee's appeal allowed: AHMEDABAD ITAT

2023-TIOL-1254-ITAT-KOL

Samridhi Stocks Pvt Ltd Vs ITO

Whether where case was reopened by AO merely based on information received from investigation wing and not as per his own satisfaction, reopening cannot be sustained - YES: ITAT

- Assessee's appeal allowed: KOLKATA ITAT

2023-TIOL-1253-ITAT-DEL

Navneet Bhardwaj Vs Pr.CIT

Whether power of revision under Section 263 warrants being exercised where the AO had passed assessment order with due application of mind & where the original order is nowhere found to be erroneous or prejudicial to Revenue's interests - NO: ITAT

- Appeal allowed: DELHI ITAT

2023-TIOL-1252-ITAT-DEL

ACIT Vs Sharp Mint Ltd

Whether where CESAT has already held that entities in question are genuine, claims of I-T Dept that they are bogus falls flat - YES: ITAT Whether once purchases are held to be genuine, there cannot be any doubt regarding manufacturing activity of assessee - YES: ITAT

- Revenue's appeal dismissed: DELHI ITAT