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Ca Saurabh Jadhav

Latest Posts by Ca Saurabh Jadhav

TNMM vs “Other Method” & Validity of Berry Ratio under Limited Risk Model: ITAT Delhi in Verizon India Case

March 18, 2026 423 Views 0 comment Print

The issue was whether ALP can be determined without comparable transactions. ITAT held that Rule 10AB mandates comparables, making the TPO’s approach invalid and restricting the adjustment.

Parrel Assessment under Income Tax not valid: ITAT Delhi

March 18, 2026 564 Views 0 comment Print

The ITAT held that reassessment cannot run parallel to ongoing scrutiny proceedings. Such action was declared without jurisdiction and the assessment was quashed.

Case of Procedure over Substance: ITAT Pune Quashes 153C Assessments

July 21, 2025 999 Views 0 comment Print

ITAT Pune invalidated 153C assessments in the Yuvraj Dhamale group case, citing jurisdictional errors due to Settlement Commission involvement, consolidated satisfaction notes, and mechanical Section 153D approvals.

Trust Entitled to Sec. 11-12 Exemption If 12A Registration Granted During Pending Assessment

July 21, 2025 942 Views 0 comment Print

ITAT Pune clarifies retrospective applicability of 12A registration and condones delayed Form 10B filing for charitable trusts, granting Section 11 exemption.

Co-op banks eligible for provisions for standard assets and bad & doubtful debts

May 23, 2025 1761 Views 0 comment Print

A co-operative bank’s claim for bad and doubtful debt provision under Section 36(1)(viia) has been upheld, dismissing the Revenue’s appeal. Judicial precedents played a key role.

Co-op Society eligible to Section 80P Deduction on Interest from Co-op Bank

May 23, 2025 2028 Views 1 comment Print

A cooperative society’s appeal for Section 80P deduction on interest from cooperative banks is allowed, citing judicial precedents from the ITAT.

Belated Form 10B Rejection Is Hyper-Technical; ITAT Nagpur allows Section 11 & 12A(1)(b) exemptions

April 28, 2025 1407 Views 0 comment Print

ITAT Nagpur rules Deendayal Seva Pratishthan eligible for tax exemption; late verification of Form 10B due to technical issues not fatal.

ITAT Pune recalls ex-parte order due to ill health of 88-year-old appellant

April 28, 2025 564 Views 0 comment Print

ITAT Pune recalls ex-parte order due to the ill health of the 88-year-old appellant, allowing a fresh hearing of the appeal.

No Section 271(1)(c) penalty if debatable issue is involved: ITAT Pune

April 28, 2025 1308 Views 0 comment Print

ITAT Pune rules no penalty under section 271(1)(c) when a debatable legal issue exists, in the case of DCIT vs. Vinod Ramchandra Jadhav.

Assessee Not Liable for CIT(E)’s Inability to Access Files: ITAT Nagpur

April 14, 2025 705 Views 0 comment Print

ITAT Nagpur sets aside CIT(E)’s rejection of 12A registration, holding assessee not liable for file access issues on ITBA portal.

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