2023-TIOL-1460-ITAT-MUM

Kavita Jasjit Singh Vs CIT

Whether since the explanation of the assessee for not offering the interest on income tax refund while filing its return is bona fide, the non-declaration of interest on income tax refund cannot be said to be under-reporting of income by the assessee within the meaning of section 270A - YES: ITAT

- Assessee's partly allowed: MUMBAI ITAT

2023-TIOL-1459-ITAT-MUM

Chomansingh M Deora Vs Pr.CIT

Whether since the return filed by the assessee was selected for limited scrutiny, the AO was required to examine not only the details and proof of payment of such expenditure but also its nexus with the interest income chargeable under the head "income from other sources" as per section 57 - YES: ITAT

- Assessee's appeal dismissed: MUMBAI ITAT

2023-TIOL-1458-ITAT-AHM

Shanti Reality Vs DCIT

Whether since assessee has given all the details as to the source of the amount, addition made u/s 69A is deleted - YES: ITAT

- Assessee's appeal partly allowed: AHMEDABAD ITAT

2023-TIOL-1457-ITAT-HYD

Madhavan Suram Vs DCIT

Whether since the assessee's pleas as to deposit of Rs. 4 lakhs are genuine, it rules out the possibility of assessee depositing some other's money in his account - YES: ITAT

- Assessee's appeal allowed: HYDERABAD ITAT

2023-TIOL-1456-ITAT-NAGPUR

J V Kulkarni And Friends Associates Vs ACIT

Whether since the delay explained by the assessee flows from bonafide belief, the penalty imposed by the Revenue u/s. 271B is not justified and should be set aside - YES: ITAT

- Assessee's appeal partly allowed: NAGPUR ITAT