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158 orders · Page 4 of 4
The tribunal held that additions based solely on extrapolated 'mobile data' or 'WhatsApp' messages without corroborating evidence are unsustainable. Statements from sellers and co-owners confirming no 'on money' payment and registered sale deeds were considered relevant.
The Tribunal held that the CIT(A) had correctly deleted the addition. The Department's stand was contradictory as they accepted similar cash and jewellery from the joint family and had also accepted capital gains on the flat sale, on which tax was charged.
The Tribunal accepted the assessee's request for withdrawal. The appeal was dismissed as withdrawn, with liberty to seek revival if the settlement fails.
The Tribunal confirmed the order of the CIT(A), holding that corpus donations made by the assessee trust to other registered trusts were a valid utilization of income for charitable purposes. The denial of exemption by the Assessing Officer was not upheld.
The Tribunal held that the notice under Section 148 was issued by a non-jurisdictional AO, rendering the reassessment proceedings invalid. Furthermore, the addition made on account of cash deposits was not sustainable on merits as the books of accounts were not rejected and the deposits were explained as arising from sales disclosed in the audited accounts.
The tribunal held that additions based solely on extrapolated 'mobile data' or 'WhatsApp' messages without corroborating evidence are unsustainable. Statements from sellers and co-owners confirming no 'on money' payment and registered sale deeds were considered relevant.
The Tribunal noted that the Hon'ble Supreme Court in the case of Checkmate Services P. Ltd. has ruled that delayed payment of contributions beyond statutory due dates are not permissible for deduction. However, in the interest of natural justice and to verify certain facts, the Tribunal remitted the cases back to the AO for de-novo verification.
The Tribunal noted that the Hon'ble Supreme Court in the case of Checkmate Services P. Ltd. has ruled that delayed payment of contributions beyond statutory due dates are not permissible for deduction. However, in the interest of natural justice and to verify certain facts, the Tribunal remitted the cases back to the AO for de-novo verification.