2023-TIOL-1433-ITAT-DEL

Nanak Chand And Company Vs Pr.CIT

Whether substitution of opinion of Pr.CIT in name of inadequacy in inquiry by AO is not possible when AO in its wisdom, after verification of records has agreed with explanation offered by assessee - YES : ITAT

- Assessee's appeal allowed: DELHI ITAT

2023-TIOL-1432-ITAT-DEL

Mannu Bhatia Vs ACIT

Whether if DRP is satisfied that assessee had provided all relevant material before AO and remand report of AO was also before it in regard to that material, then conclusive findings should be given by DRP instead of direction of re-verification by AO - YES: ITAT

- Assessee's appeal allowed: DELHI ITAT

2023-TIOL-1431-ITAT-BANG

Bindu Satish Chandra Vs DCIT

Whether addition for unexplained money u/s 69A for cash seized can not be made as explanation offered by assessee establish genuineness and credit worthiness of donors - YES : ITAT

- Assessee's appeal allowed: BANGALORE ITAT

2023-TIOL-1430-ITAT-RAJKOT

Kanjibhai Bhimjibhai Rangani Vs ITO

Whether when the position taken by assessee with respect to sale of agricultural land was not accepted by the Department, this alone can be a ground for levy of penalty under Section 271(1)(c) of the Act - NO: ITAT

- Assessee's appeal allowed: RAJKOT ITAT

2023-TIOL-1429-ITAT-RAJKOT

Ashokbhai Bhaisinh Jadeja Vs Pr.CIT

Whether PCIT erred in invoking its revisionary jurisdiction when assessee has fully explained the source of cash deposits - YES: ITAT

- Assessee's appeal allowed: RAJKOT ITAT