ITAT Indore remands a case to the CIT(E), ruling that a charitable-cum-religious trust can receive 80G approval if its religious expenses do not exceed 5% of its total income.
ITAT Jaipur rules that interest earned on a money-lending asset declared under IDS 2016 is not unexplained income and deletes the addition and tax under Section 115BBE.
The ITAT Pune has quashed a reassessment notice for AY 2015-16, citing the Supreme Court’s concession that notices issued after April 1, 2021 are time-barred and invalid.
ITAT Jabalpur sets aside a CIT(A) order for dismissing appeals summarily without providing a proper opportunity for the taxpayer to be heard.
ITAT Mumbai ruled on Section 43CA, deleting an addition on a flat sale. The ruling granted the benefit of the agreement date and prior payments to the seller.
ITAT Kolkata rules the Finance Act 2022 amendment to Section 14A is prospective. Disallowance for expenses related to exempt income is limited to investments that yield dividends for Assessment Year 2017-18.
Discover why Rajkot’s ITAT granted 80G approval to Kabir Kirti Mandir Kashi, ruling that a trust’s religious objects don’t override its charitable purpose.
ITAT Pune dismisses an assessee’s appeals, confirming that interest on borrowed capital used to compensate tenants for relinquishing their rights is not deductible under Section 24(b) of the Income Tax Act.
ITAT restores a tax exemption case for the Secretary UP Sainik Purasvas Nidhi to the AO to verify if it met the Form 9A requirement, and rule accordingly.
The ITAT has ruled in favor of Shri Bhola Food Products, deleting a Rs. 2,50,000 interest disallowance that was arbitrarily estimated without legal justification.
