ITAT Jaipur Rules in Favor of Taxpayer: Surrendered Cash During Survey Treated as Business Income
Jaipur: In a significant ruling, the Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has delivered a judgment favoring the taxpayer, Mrs. Prem Lata Pandya, in the case of Prem Lata Pandya vs. DCIT (ITA No. 1471/JPR/2024). The Tribunal directed the assessing authorities to classify ₹24 lakh, surrendered during a tax survey, as business […]
Jaipur ITAT Grants Condonation of Delay and Restores Matter to AO for Fresh Assessment in Ladu Ram vs. ITO, Ward-Tonk Case
In a recent decision, the Income Tax Appellate Tribunal (ITAT) Jaipur disposed of the appeal filed by Shri Ladu Ram, an agriculturist from a rural area, against the impugned order passed by the Commissioner of Income Tax (Appeals) [CIT(A)] on 30th April 2024. The appellant’s appeal had been filed 98 days after the prescribed deadline, […]
