S. 253 : Appellate Tribunal–Delay of 615 days–Health problem– Delay is condoned. [S. 253(3)]
Emsons Organics Ltd. v. DCIT (2020) 180 ITD 762/ 203 TTJ 1(UR) (Chd.)(Trib.)S. 253 : Appellate Tribunal–Delay of 615 days–Health problem– Delay is condoned. [S. 253(3)]
Emsons Organics Ltd. v. DCIT (2020) 180 ITD 762/ 203 TTJ 1(UR) (Chd.)(Trib.)S. 201 : Deduction at source-Failure to deduct or pay–Interest-Remittance of TDS was made online on prescribed date, credit to Government’s account was instant-No interest could be levied for delay in remitting TDS to credit of Government even if online portal showed a delayed date. [S. 201(IA)]
Moody’s Analytics Knowledge Services (India) (P.) Ltd. v. ITO (TDS) (2020) 180 ITD 804 / 192 DTR 100/ 206 TTJ 646(Bang.)(Trib.)S. 145A : Method of accounting–Valuation-MODVAT credit does not have any impact on profit of assessee and thus, unutilised MODVAT credit could not be added to value of closing stock.
Mahindra & Mahindra Ltd. v. DCIT (2020) 180 ITD 776 (Mum.)(Trib.)S. 120 : Jurisdiction of income-tax authorities-Additional Commissioner can function as an AO only when jurisdiction has been assigned to him-No directions or orders assessment order passed by Additional Commissioner was illegal and without jurisdiction. [S. 120(4)(b), 124]
Nasir Ali v. ACIT (2020) 181 ITD 30 (Delhi)(Trib.)S. 80HHC : Export business–Sale of scrap-Income from such scrap would tantamount to recoupment of cost of raw material/production and, therefore, was includible in profits of business.
Mahindra & Mahindra Ltd. v. DCIT (2020) 180 ITD 776 (Mum.)(Trib.)S. 69C : Unexplained expenditure-Labour expenses-ad hoc disallowance-Held to be not justified. [S. 145]
ITO v. Swati Housing & Construction (P.) Ltd. (2020) 180 ITD 854 (Delhi) (Trib.)S. 69A : Unexplained money–Bank deposits–Evidence was not considered–Matter remanded. [S. 45]
Raghubir Singh v. ITO (2020) 180 ITD 719 (Chd.)(Trib.)S. 68 : Cash credits–Gifts from father–Source explained–Addition is deleted.
Kuldeep Singh v. ITO (2020) 180 ITD 749/ 185 DTR 10/ 203 TTJ 242 (Chd.)(Trib.)S. 68 : Cash credits–Sundry creditors-From earlier years-No addition can be made.
ITO v. Swati Housing & Construction (P.) Ltd. (2020) 180 ITD 854 (Delhi)(Trib.)S. 68 : Cash credits–Books of account-No addition can be made owing to difference in income based on Form No. 26AS and income as reflected in books of account maintained by assessee. [S. 145]
D M Estates (P.) Ltd. v. DCIT (2020) 180 ITD 813 (Bang.)(Trib.)