ITAT Delhi quashes Rs. 10,000 penalty on Carreen Builders under Section 271(1)(b), citing assessee’s cooperation and assessment completion under Section 143(3).
Delhi ITAT sets aside penalty on Globus Infocom for non-compliance, citing AO’s own records and a crucial precedent on Section 143(3) assessments.
Delhi ITAT rules on Sushil Bansal’s appeal, deleting interest u/s 234B and penalty u/s 271AAB on Rs. 88 lacs seized cash, citing pre-search disclosure.
ITAT Chandigarh rules that CPC lacked power to disallow Section 80P deduction for late-filed returns under Section 143(1) for AY 2018-19, citing statutory amendments.
ITAT Rajkot overturns CPC’s disallowance of Section 80P deduction for a co-operative society’s late return, clarifying the scope of Section 143(1) adjustments for AY 2019-20.
ITAT Rajkot rules on disallowance of Section 80P deduction for a co-operative society due to late filing, examining scope of Section 143(1)(a) adjustments and relevant judicial precedents.
ITAT Hyderabad rules on Section 80P deduction for co-operative societies, stating it cannot be denied solely due to a belated income tax return filing.
ITAT Rajkot rules on Section 80P deduction for co-operative societies, stating it cannot be denied solely due to a belated income tax return filing.
ITAT Surat partially upholds cash addition for Arjunsinh Thakor but reduces taxable amount and applies pre-amendment tax rates under Section 115BBE.
ITAT Jabalpur rules on excess stock as undisclosed income and sets tax rates for survey income and cash credits, citing Vatika Township precedent.
