ITAT Agra Judgments — January 2021

The Tribunal found that the assessee had shown a reasonable cause for not submitting documents earlier and, in the interest of substantial justice, set aside the CIT(A)'s order. The matter was remanded to the CIT(A) for a fresh speaking order after affording the assessee an opportunity of hearing and to file necessary details.

The Tribunal noted that the assessee had opted for the Vivad Se Vishwas Scheme and would be withdrawing the appeals in due course. Since the necessary applications were filed, the Tribunal dismissed the appeals as withdrawn.

The Tribunal held that interest income earned on bank deposits and staff loans is eligible for 100% exemption under Section 10-A or 10-B of the Act, as it is an integral part of the export business activity. Other grounds were decided in line with previous decisions.

The Tribunal held that interest income earned on bank deposits and staff loans is eligible for 100% exemption under Section 10-A or 10-B of the Act, as it is an integral part of the export business activity. Other grounds were decided in line with previous decisions.

The Tribunal held that interest income earned on bank deposits and staff loans is eligible for 100% exemption under Section 10-A or 10-B of the Act, as it is an integral part of the export business activity. Other grounds were decided in line with previous decisions.

The Tribunal allowed the miscellaneous applications, restoring the appeals. Subsequently, the appeals were permitted to be withdrawn and were dismissed as withdrawn, with liberty to revive if the scheme benefits were not processed correctly.