ITAT Delhi deletes a bogus purchase addition of Rs. 1.70 crore against My Paper Merchants Pvt. Ltd. due to a lack of cross-examination and valid evidence from the Assessing Officer.
Ankit Chauhan’s penalty for not getting a tax audit was quashed by ITAT Delhi. The court found the assessee to be a commission agent, not a dealer, with reasonable cause for the failure.
ITAT Bangalore restores appeals for Swastik Properties & Developers, ruling that CIT(A) cannot dismiss appeals for non-prosecution and grants a fresh hearing.
ITAT Mumbai rules that a company’s inadvertent Form 10-IC filing for the new tax regime is not binding if the subsequent tax return claims a MAT credit, which is impermissible under the new regime. The decision restores the company’s MAT credit claim.
ITAT Mumbai rules that CSR expenses can qualify for a Section 80G deduction, clarifying that the restriction on business deductions under Section 37 does not apply.
ITAT Bangalore rules that CIT(E) cannot deny 12AA and 80G registration based on the amount of money spent. The focus should be on the genuineness of the activities and objects.
ITAT Chennai rules that an addition under Section 69 must be based on corroborated evidence, not just third-party documents or a retracted statement.
ITAT Delhi quashes a bogus purchase addition, ruling that an entire purchase amount cannot be disallowed when corresponding sales have been accepted.
ITAT Mumbai sends back a tax case for fresh hearing, ruling that the assessee must be provided with the reasons for reopening the assessment before a final order is passed.
ITAT Bangalore sets aside a CIT(A) ex-parte dismissal, giving an assessee one more chance to present documents and a case for their disallowed expenses.
