The ITAT Jaipur ruled that a private trust with a single minor beneficiary cannot be taxed at the Maximum Marginal Rate. A wrong ITR form filing does not take away the right to normal slab rates.
ITAT Amritsar remands an appeal after finding that the CIT(A) failed to send notices to the correct email, denying the taxpayer a fair hearing.
ITAT Pune rules that failure to verify Section 54F deduction conditions makes an assessment order erroneous and prejudicial, upholding PCIT’s revisionary powers.
ITAT Bangalore upholds income additions for Rajiv Venkatpathi Gowda after he failed to provide proof for unexplained bank deposits and admitted salary income.
ITAT Ranchi rules that an entire purchase cannot be disallowed as bogus without rejecting the books of account; only the profit element is taxable on disputed purchases.
An ITAT ruling on Aviraldhaani Foundation shows that a trust can be denied charitable registration for having a vague ‘any other activity’ clause, but natural justice must prevail.
An ITAT Pune ruling confirms that domestic companies cannot use DTAAs to reduce Dividend Distribution Tax (DDT) under Section 115-O, as the tax is a levy on the company, not the shareholder.
ITAT Kolkata upholds Rs.17.10 crore penny stock addition against Narayan Suppliers Pvt Ltd, flags money laundering, and directs case referral to ED and CBI for further probe.
ITAT Chennai invalidated reassessment in Pawan Cargo Forwards’ case due to notice issued by JAO, not FAO, violating the CBDT’s 2022 faceless scheme. Penny stock addition deleted.
ITAT Chennai asks CIT(E) to reconsider Bright Educational Trust’s delayed 80G application under amended Section 80G(5)(iv)(B) of the Income Tax Act, effective 01.10.2024.
