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ITAT Upholds Section 10(23C)(iiiad) Exemption for Education Trust With Receipts Below ₹5 Crore

March 9, 2025 1122 Views 0 comment Print

ITAT Ahmedabad rules in favor of Gandharva Mahavidhyalaya Trust, allowing ₹57.57 lakh exemption under Section 10(23C) for music education activities.

Non-Reasoned Order: ITAT Remands ₹70.25 Lakh Foreign Remittance Addition Case to CIT(A)

March 9, 2025 546 Views 0 comment Print

ITAT Cochin remands ₹70.25 lakh foreign remittance case, citing lack of reasoning in CIT(A) order. Case to be reconsidered following principles of natural justice.

Income Tax effect Less than Rs. 60 lacs: ITAT Dismisses Revenue’s Appeal

March 9, 2025 1140 Views 0 comment Print

ITAT Delhi dismisses Revenue’s appeal in DCIT Vs Parasram Holdings, citing CBDT Circular No.09/2024, which sets a tax effect threshold of Rs.60 lakh.

ITAT Allows Income Tax Appeal Withdrawals as Taxpayer Opts for Vivad Se Vishwas

March 9, 2025 837 Views 0 comment Print

ITAT Mumbai permits Oxford University Press to withdraw appeal as it opts for the Vivad Se Vishwas Scheme 2024, with liberty to restore if necessary.

Section 148 Notices Beyond 3 Years Require Proof of Concealed Income Over ₹50 Lakh

March 9, 2025 10977 Views 0 comment Print

ITAT Ahmedabad dismisses Revenue’s appeal, ruling notice u/s 148 issued beyond the stipulated period u/s 149(1)(a) in ITO Vs Nishan Govindbhai Thakkar.

ITAT Surat Directs Re-examination of Tax on Gift from HUF

March 9, 2025 939 Views 0 comment Print

ITAT Surat remands case to CIT(A) for fresh adjudication on HUF gift taxability under Section 56(2)(vii) of the Income Tax Act, citing judicial precedents.

CESTAT Chennai Dismisses CHA License Suspension Appeal as infructuous

March 9, 2025 573 Views 0 comment Print

CESTAT Chennai dismisses Shri Krishna Logistics Solutions’ appeal on CHA license suspension as infructuous after final penalty order by the Commissioner.

ITAT Grants Relief to Trust: Rules Against 37% Surcharge imposition by CIT(A)

March 9, 2025 945 Views 0 comment Print

ITAT Ahmedabad grants relief to Ria Zaveri Trust, ruling that excessive surcharge imposed by CIT(A) was unjustified. Decision aligns with legal precedents.

ITAT Cochin Remands Case as CIT(A) refuses to admit Additional Evidence

March 9, 2025 570 Views 0 comment Print

ITAT Cochin remands case after CIT(A) dismisses appeal without considering additional evidence under Rule 46A in an unexplained money addition dispute.

Section 271D Penalty Proceedings Void if Quantum Assessment Quashed

March 9, 2025 1467 Views 0 comment Print

ITAT Delhi quashes penalty under Section 271D as Section 153C assessment was declared void for lack of incriminating material, citing Supreme Court precedents.

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