ITAT allowed the appeal for statistical purposes, citing genuine non-receipt of the order by the assessee and restored the matter for reconsideration.
The ITAT restored a charitable trust’s registration issue to CIT(E) after allowing additional evidence, emphasizing proper verification of documents before rejecting applications.
Tribunal holds that reassessment proceedings under Sections 147/148 are invalid as the notice was issued beyond the extended due date, following Supreme Court guidance in Rajeev Bansal.
ITAT Delhi overturned the CIT(Exemption)’s rejection of 12AA registration, ruling that corpus grants should not be assessed at the registration stage but under section 11 exemption proceedings.
Calcutta High Court rules that the Income Tax Department cannot retain a refund under Section 245 without an outstanding tax liability, ordering release of Rs.22,73,833/- with interest.
ITAT partly upheld addition of Rs.27.5 lakh as unexplained cash under sections 69A and 115BBE, granting limited relief of Rs.7.5 lakh for partial savings.
ITAT Pune reverses CIT(E) order, granting 80G approval to a trust, ruling that minor religious expenditures do not negate predominant charitable activities.
The Calcutta High Court dismissed the revenue’s appeal against the ITAT, holding that the assessee properly identified shareholders and explained the share premium, making Section 68 inapplicable. The ruling confirms that proper documentation can prevent share capital additions.
Delhi High Court refused waiver of pre-deposit for CHAs implicated in misuse of licenses for illegal imports, allowing appeals to be filed before CESTAT.
Tribunal ruled that concessional customs duty was unavailable where imported goods were not actually used in manufacturing due to a fire, upholding duty demand while setting aside penalties.
