2023-TIOL-1316-ITAT-MUM
ITO Vs Kamalesh Mohandas Lakhwani
Whether mere suspicion that assessee has invested in alleged penny stock scrip cannot be made basis of addition u/s 69B - YES: ITAT
- Revenue's appeal dismissed: MUMBAI ITAT
2023-TIOL-1315-ITAT-MUM
Ignitive Digitech Pvt Ltd Vs DCIT
Whether when income on which tax was deducted at source, is patently assessable in year under consideration, then benefit of TDS should also be allowed in same year - YES: ITAT
- Assessee's appeal allowed: MUMBAI ITAT
2023-TIOL-1314-ITAT-MAD
Krishnamoorthy Arumugam Vs ITO
Whether additions u/s 69A on account of unexplained cash deposits shall be limited to extent of unexplained source - YES: ITAT
- Assessee's appeal partly allowed: CHENNAI ITAT
2023-TIOL-1313-ITAT-MUM
Miki Industries And Companies Pvt Ltd Vs DCIT
Whether since there was no incriminating seized material found during search proceeding, addition u/s 153A on basis of bogus purchases merits to be deleted - YES: ITAT
- Assessee's appeal allowed: MUMBAI ITAT
2023-TIOL-1312-ITAT-DEL
Unitech Realty Pvt Ltd Vs DCIT
Whether when the notice issued by AO does not specify the limb of Section 271(1)(c) under which the penalty notice has been issued, the penalty proceedings initiated u/s 271(1)(c) are not sustainable - YES : ITAT
- Assessee's appeal allowed: DELHI ITAT
