ITAT Bangalore rules that a trust’s 12AB registration application cannot be rejected for a curable technical error in the section code, directing the CIT(E) to reconsider the application on its merits.
ITAT Bangalore mandates that the CIT(E) must provide taxpayers a fair hearing and apply independent judgment, not just rely on subordinate reports, when assessing Section 12AB and 80G applications.
ITAT Mumbai rules that fiduciary journal transfers without cash flow cannot be taxed as unexplained cash credits under Section 68, supporting taxpayers in similar situations.
ITAT Bangalore confirms penalty deletion under Section 271(1)(c) against Manipal Hospitals, ruling that a mere disallowance of a claim, like interest expenditure reclassification, does not constitute furnishing inaccurate particulars of income.
ITAT Bangalore allows appeal of Mysore Brindavan Sky Trust, ordering fresh consideration of its 12AB registration after CIT(E) incorrectly concluded no activities by the trust.
ITAT Bangalore rules that Section 14A/Rule 8D disallowances cannot be made mechanically without the AO recording proper satisfaction regarding the assessee’s claim of expenditure.
Bangalore ITAT revives a trust’s 12AB registration plea, stating that a religious label doesn’t disqualify a trust and directing fresh verification of charitable activities.
ITAT Bangalore rules that a rejection letter under Section 154 is an appealable order, directing the CIT(A) to hear the appeal on merits after it was dismissed on technical grounds.
The Bangalore ITAT directs the grant of a trust’s 12AB registration, ruling that low initial expenditure is not a valid reason for rejection. The court emphasizes that the genuineness of a trust’s activities is the key factor.
The Bangalore ITAT has quashed a 143(1) intimation against an educational trust, ruling the tax authority failed to provide the mandatory 30-day response period.
