Tax determination against deceased proprietor invalid where no notice to legal representative; appeal rejected without addressing jurisdictional defec...
Revocation of GST registration and permission to file blocked returns; conditional defreezing of bank accounts after security and instalment applicati...
Right to access seized electronic evidence: impugned adjudication treated as additional show cause notice, remand for fresh hearing and return of mate...
Revisability of return invalidation communications under tax procedure affirmed, impugned non revisional finding quashed and matter remitted for fresh...
Addition under s.69 for alleged unexplained fixed assets was rejected because the assessee had consistently disclosed the same asset value in successive balance sheets and earlier return filings, and the AO produced no material to show investment during the relevant year; the addition was deleted. Enhancement of closing capital and rejection of closing cash balance were held unjustified since the disclosed cash-in-hand was supported by the balance sheet and GST returns, and denial of capitalization flowed from the AO's incorrect reduction of cash; enhancement was allowed. Addition under s.69A was quashed as the assessment was framed without a mandatory show-cause notice, vitiating the order; the addition was deleted. Consequential penalties under s.272A(1)(d) were deleted. - ITAT
Addition under s.69 for alleged unexplained fixed assets was rejected because the assessee had consistently disclosed the same asset value in successive balance sheets and earlier return filings, and the AO produced no material to show investment during the relevant year; the addition was deleted. Enhancement of closing capital and rejection of closing cash balance were held unjustified since the disclosed cash-in-hand was supported by the balance sheet and GST returns, and denial of capitalization flowed from the AO's incorrect reduction of cash; enhancement was allowed. Addition under s.69A was quashed as the assessment was framed without a mandatory show-cause notice, vitiating the order; the addition was deleted. Consequential penalties under s.272A(1)(d) were deleted. - ITAT
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