ITAT Jabalpur Judgments — March 2022

INCOME TAX OFFICER, WARD-2 (3), JABALPUR vs SHRI VINOD KUMAR CHATE, JABALPUR

ITA 134/JAB/2018[2012-13]Status: Disposed30 Mar 2022AY 2012-13Partly Allowed

The Tribunal held that the guideline value as per the agreement date (September 2005) should be adopted for Section 50C, considering the amended provisions and the object of the law. The court order did not negate the applicability of Section 50C.

BIRLA CABLE LIMITED,REWA vs ACIT,CPC-TDS, BHOPAL

ITA 5/JAB/2022[2016-17]Status: Disposed30 Mar 2022AY 2016-17Remanded

The Tribunal held that the CIT(A) should not have dismissed the appeal on technical grounds of filing a single composite appeal. The assessee should be given an opportunity to file two separate appeals and have them decided on merits.

SHRI VINOD KUMAR CHATE,JABALPUR vs COMMISSIONER OF INCOME TAX-2, JABALPUR

ITA 60/JAB/2017[2012-13]Status: Disposed30 Mar 2022AY 2012-13Partly Allowed

The Tribunal held that the guideline value as per the agreement date (September 2005) should be adopted for Section 50C, considering the amended provisions and the object of the law. The court order did not negate the applicability of Section 50C.

WAIDHAN ENGINEERING &INDUSTRIES PVT . LTD WAIDHAN,SINGRAULI vs DY. COMMISSIONER OF INCOME TAX, CPC BANGALURU, BENGALURU

ITA 41/JAB/2021[2019-20]Status: Disposed7 Mar 2022AY 2019-20Allowed

The Tribunal held that the additions made under Section 143(1) were not justified as the issue was debatable and there was no contrary decision from the jurisdictional High Court. The Explanations inserted by the Finance Act, 2021, were prospective and did not apply to the assessment years in question.

WAIDHAN ENGINEERING &INDUSTRIES,SINGRAULI vs DY. COMMISSIONER OF INCOME TAX, CPC BENGALURU, BENGALURU

ITA 40/JAB/2021[2018-19]Status: Disposed7 Mar 2022AY 2018-19Allowed

The Tribunal held that the additions made under Section 143(1) were not justified as the issue was debatable and there was no contrary decision from the jurisdictional High Court. The Explanations inserted by the Finance Act, 2021, were prospective and did not apply to the assessment years in question.