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The issue is restored to the file of the AO as the assessee was not provided adverse material used by the AO while framing assessment.
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As per the insertion of the “Explanation” to sub-section (2) of section 11, if a trust donates its entire income for a year to another charitable trust, it would still be entitled to exemption under section 11(1)(a).
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Eligible credit को मात्र इस आधार पर दिए जाने से मना नहीं किया जा सकता कि निर्धारिती ने TRAN-1 form सही नहीं भरा। सरकार या तो ऑनलाइन TRAN-1 सही करने का ऑप्शन दें या मैनुअली भरे हुए को सही मानकर क्लेम स्वीकार करें
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No addition as undisclosed income can be made on the basis of documents which are dumb and incapable of any interpretation in proceedings u/s 132, 158BC read with Section 158BD.-IT-CASES-204-2020
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Assessment framed in the name of non-existing entity/ died person is null and voidab initio ITAT BOMBAY on Nov 6, 2019
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It is well settled that in case the books of accounts are rejected the income of the business in which the Assessee was engaged can be determined by estimating the profit rate considering past history.
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Though the limitation period is available for passing the order, not for service but as per the settled issue, the order must be served on the assessee within the reasonable time otherwise Order is Annulled.
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Nov 8, 2019-ITAT VISHAKAPATNAM hold that The additional ground is admitted if it goes to the root of the order.
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1.4.2017 से केवल धारा 143(2) की प्रोसिडिंग के आधार पर करदाता का रिफंड नहीं रोका जा सकता
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No valid addition can be made by merely proceeded to make allegation of suppression of production on the basis of excess consumption of manufacturing cost and electricity consumption it cannot be concluded that the assessee’s books of account were not reliable or the assessee is engaged in producing finished goods outside the books of account.