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.
Delhi ITAT rules India-Hong Kong DTAA exchange of information clause not retrospective, quashing assessments beyond limitation period in Sanjay Jain Vs DCIT case.
Delhi ITAT sets aside a Section 263 revision after ruling the underlying reassessment order was void from the start. Reassessment initiated during active regular assessment period is invalid.
Delhi ITAT nullifies an assessment, ruling that an Assessing Officer lacks jurisdiction without a valid Section 127 transfer order. Absence of the order makes proceedings invalid, affirming procedural adherence.
The Kerala High Court ruled that cash loans exceeding Rs. 20,000 violate the Income Tax Act and are not legally enforceable under the NI Act, emphasizing digital transactions and penalizing non-compliance.
ITAT Ahmedabad ruled remuneration to partners cannot be disallowed solely due to an unnotarized or backdated supplementary partnership deed, upholding partner remuneration claims.
