ITAT upholds PCIT’s revision of an assessment order. The AO failed to probe cash payment for a second property purchase, rendering the initial order erroneous and prejudicial.
ITAT Cochin rules that completing assessment under section 143(3) negates 272A(1)(d) penalty, citing acceptance of later compliance.
ITAT Kolkata permits a new deduction claim and grants relief, highlighting assessment duties and appellate powers under income tax law.
ITAT Cochin holds voluntary contributions to unregistered charitable trust taxable. Lack of 12AA registration means no Sec 11 exemption, donations taxed under Sec 2(24).
ITAT Mumbai rules revenue matching isn’t a precondition for claiming business expenses u/s 37(1). Learn about this important income tax decision.
Madras High Court condones appeal delay in Gopuram case, citing legal uncertainty over Sec 234E applicability for AYs prior to June 2015.
Madras High Court dismisses Jose Charles Martin’s plea against income tax assessment centralisation, relying on precedents upholding transfers for group entities with seized documents.
Karnataka High Court rules that Section 50 of the Income Tax Act is not applicable without an actual depreciation claim, even if the asset is depreciable.
ITAT Surat ruled that reassessment of deceased person is void ab initio, quashing the order and allowing the appeal in Bharat Ranchod Vs ITO case.
ITAT Cochin grants 12A registration to Naughty’s Pet Sanctuary, ruling against CIT(E)’s decision over trustee honorarium clause.
