The Karnataka High Court has dismissed an appeal from the Chilume Social Service Society, upholding the dismissal of its tax case due to an unexplained seven-year delay in filing the appeal.
The Delhi ITAT has quashed a penalty under Section 271(1)(c), ruling that an “omnibus” no-tice that failed to specify the charge against the taxpayer was invalid and showed non-application of mind.
The ITAT Delhi upheld the deletion of a ₹39.83 crore addition to Santosh Trust, ruling that its cash deposits during demonetization were explained by regular fee collections
The Karnataka High Court rules free prototypes from AEs are not taxable under Section 28(iv), and payments for general employee training are not taxable as FTS under the India-Singapore DTAA.
The Supreme Court has quashed a prosecution for wilful tax evasion, ruling the tax department violated its own CBDT circulars by pursuing the case after the Settlement Commission granted immunity.
ITAT Bangalore upholds the deletion of a Section 56 addition. The sale of jewellery inherited through a will constitutes a long-term capital gain, allowing the assessee to claim a Section 54F deduction.
Kolkata ITAT has ruled that an unsigned assessment order is invalid, even if electronically authenticated. ITAT emphasized that signing and authentication are distinct legal requirements.
ITAT Ahmedabad rules that capital gains are taxable only upon the execution of a registered sale deed, not a POA, and an AO’s addition in the wrong AY is invalid.
The Delhi ITAT has remanded an ex-parte tax assessment, directing the AO to re-examine additions for unexplained investment and creditors after giving the taxpayer a fresh hearing.
ITAT Bangalore rules that cooperative societies can claim Section 80P deduction on interest from other co-ops, but not from scheduled commercial banks.
