Loading ITAT cases…
10 orders · Page 1 of 1
The Tribunal held that the CBDT circular regarding monetary limits for filing appeals is applicable to pending appeals, not just future ones. Therefore, the Revenue's appeal was dismissed due to low tax effect.
The Tribunal noted that the assessee had opted for the Vivad Se Viswas Scheme and made the necessary tax deposits, leading to a full and final settlement. Consequently, the appeal was dismissed as withdrawn.
The Tribunal held that the assessee had sufficiently explained the source of the cash deposits with supporting evidence like sales bills and VAT returns. The addition made by the Assessing Officer was based on guess-work without contrary evidence.
The Tribunal upheld the CIT(A)'s decision to delete the addition, finding that the assessee had discharged their onus by providing creditor details, TIN numbers, confirmations, and evidence of subsequent payments. The Assessing Officer failed to rebut this evidence during remand proceedings.
The Tribunal held that interest earned by cooperative societies on deposits made due to statutory requirements under the U.P. Co-operative Societies Act is attributable to their business. However, specific figures for statutory reserves and the bye-laws required examination.
The Tribunal held that interest earned by cooperative societies on deposits made due to statutory requirements under the U.P. Co-operative Societies Act is attributable to their business. However, specific figures for statutory reserves and the bye-laws required examination.
The Tribunal held that the revisionary jurisdiction under Section 263 was exercised on issues that were not the subject matter of the reassessment. Therefore, the limitation period for revision should be calculated from the date of the original assessment order, not the reassessment order.
The Tribunal held that interest earned by cooperative societies on deposits made due to statutory requirements under the U.P. Co-operative Societies Act is attributable to their business. However, specific figures for statutory reserves and the bye-laws required examination.
The Tribunal held that interest earned by cooperative societies on deposits made due to statutory requirements under the U.P. Co-operative Societies Act is attributable to their business. However, specific figures for statutory reserves and the bye-laws required examination.
The Tribunal held that interest earned by cooperative societies on deposits made due to statutory requirements under the U.P. Co-operative Societies Act is attributable to their business. However, specific figures for statutory reserves and the bye-laws required examination.