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RU
ITAT Chennai Quashes Section 153C Assessments, Restricts Addition to 2% Profit Estimation
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taxguruin
AdvertisementNalli Trust Vs DCIT (ITAT Chennai) The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) disposed of five appeals filed by the assessee for Assessment Years (AYs.)
2017-18 to 2021-22 against separate orders of the Commissioner of Income Tax (Appeals).
The appeals for AYs.
2017-18 to 2020-21 involved a common legal issue concerning the validity of assessments completed under Section 153C of the Income Tax Act, while the appeal for AY 2021-22 challenged an addition made on merits.
2017-18 to 2020-21, the assessee raised an additional legal ground contending that the Assessing Of...