SEO Description: The Tribunal held that an appeal cannot be dismissed solely on limitation without examining reasons for delay. The matter was remanded to decide condonation first, reinforcing natural justice principles.
SEO Description: The Tribunal held that post–Finance Act 2025, eligible trusts must receive ten-year registration under Section 12AB. A five-year registration granted after the amendment was therefore held invalid.
ITAT Delhi held that long-term capital gains cannot be treated as bogus merely on market suspicion or SEBI alerts without concrete evidence of manipulation.
The issue was whether an appeal could be heard by an ITAT bench lacking territorial jurisdiction. The Tribunal held that jurisdiction is determined by the location of the Assessing Officer, leading to dismissal with liberty to refile before the correct bench.
The judgment clarifies that expenses incurred solely for Indian branches may be allowed under Section 37(1). Only qualifying head office expenses face the Section 44C ceiling.
The case examined confirmation of a substantial addition without adequate factual analysis. The Tribunal ruled that justice demands a fresh decision after full consideration of bank statements and supporting records.
The dispute concerned rejection of explanation for cash deposits due to lack of documentation. The Tribunal ruled that evidence relating to sale of inherited assets was vital and must be examined afresh by the tax authorities.
The Court ruled that non-disclosure of a subsisting mortgage amounts to fraud, entitling the buyer to refund of advance despite alleged payment defaults.
The issue was whether compensation awarded for the death of a minor was grossly inadequate. The Supreme Court recalculated compensation using minimum wages, 40% future prospects, and multiplier 15, substantially enhancing the award.
The dispute concerned the scope of the deeming provision under Section 103 of the MSCS Act. The Court ruled that the deeming fiction operates only when the society’s objects, not merely its operations, span multiple States.
