ITAT Bangalore rules that the genuineness of a charitable trust’s activities, not the amount of its expenditure, determines its eligibility for tax registrations.
ITAT Bangalore directed the re-evaluation of a trust’s classification as religious and its denial of tax-exempt status, citing a failure to consider all relevant documents.
ITAT Chennai deletes a ₹832 Cr tax addition on share purchases, ruling that statutory valuation rules under Rule 11UA take precedence over third-party pricing.
The ITAT Chennai has quashed reassessment proceedings against Ashok Leyland Ltd., ruling the AO’s action was based on a change of opinion and not a failure by the assessee to disclose material facts.
The ITAT Chennai has canceled a penalty against Anna University’s Institute for Ocean Management after the underlying tax addition was deleted by the CIT(A).
ITAT Chennai dismisses the Revenue’s appeal, upholding a temple’s claim for tax exemption under Section 11 despite a delayed registration and return filing for AY 2017-18.
ITAT Chennai invalidates a tax reassessment notice issued by a local officer, affirming the mandatory nature of the faceless tax regime as per judicial precedents.
The ITAT Chennai has ruled that the tax addition on a property’s stamp duty value difference must be shared equally among all joint owners.
ITAT Chennai ruled that a taxpayer isn’t obligated to prove ‘source of source’ for funds, deleting an addition on a property investment.
DCIT Vs K.Rethinam (ITAT Chennai) Loose sheets not corroborated; Partner’s Remuneration Beyond 40(b) not taxable again u/s 28(v); Alleged cash property investments fail due to retraction & lack of evidence: ITAT Chennai A search under Section 132 was conducted on 08.12.2016 in the SRS Group (including SRS Mining, a partnership firm) and on partners including […]
