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ITAT Sets Aside CIT(A)’s Ex-Parte Order without notice for Violating Natural Justice

May 4, 2025 96 Views 0 comment Print

ITAT Delhi sets aside CIT(A)’s ex-parte order against Sandha & Associates due to lack of notice, restoring the appeal.

ITAT Deletes Penalty Due to Misplaced Reliance on Case Law & Foreign Tax Credit

May 4, 2025 846 Views 0 comment Print

ITAT Mumbai deletes penalty under Section 271(1)(c), stating no deliberate concealment and distinguishing case from precedent in Mak Data ruling.

ITAT Upholds Partial Addition for Unexplained Cash Deposits Lacking Source Proof

May 4, 2025 102 Views 0 comment Print

ITAT Hyderabad partially upholds AO’s addition for unexplained cash deposit by Shri Balineni Kishore Babu, confirming ₹48,000 due to lack of source proof.

No denial of Section 11/12 exemption for technical lapses in choice of audit form 

May 4, 2025 168 Views 0 comment Print

ITAT Pune upholds exemption under Sections 11 and 12, ruling that technical errors in form submission don’t justify denial for registered charitable trusts.

Addition u/s. 69A towards on-money transaction without any concrete evidence is deleted

May 3, 2025 648 Views 0 comment Print

ITAT Ahmedabad held that addition u/s. 69A towards unexplained money [on-money transaction] simply on the basis of presumptions without any concrete evidence is liable to be deleted. Accordingly, addition u/s. 69A deleted as it lacks a valid basis.

Reassessment u/s. 148 without any tangible material is liable to be quashed

May 3, 2025 597 Views 0 comment Print

ITAT Kolkata held that re-assessment proceedings initiated under section 148 of the Income Tax Act without any tangible material and without independent application of mind is not sustainable in law. Accordingly, reassessment is quashed.

Section 40(a)(ia) Disallowance Unwarranted: Section 194C TDS Not Applicable to EDC Payments

May 3, 2025 135 Views 0 comment Print

The assessee company, engaged in the business of real estate, having multiple ongoing projects of construction and also selling upon the plots of land. The case of the assessee was selected for scrutiny assessment through CASS.

Section 69 Addition Unsustainable Without Evidence Beyond Accused’s Confession

May 3, 2025 426 Views 0 comment Print

ITAT Delhi held that mere confession of accused cannot be a ground for conviction since the same is not supported by credible evidence on records. Accordingly, addition under section 69 of the Income Tax Act deleted.

Cost imposed for non-furnishing of requisite details post application in Form No. 10AB

May 3, 2025 183 Views 0 comment Print

ITAT Surat imposed cost of Rs. 10,000 on the applicant for non-furnishing of requisite details post application for registration filed in Form No.10AB. Accordingly, matter remanded back to the file of CIT(E).

Section 263 proceedings Valid for Cryptic Reassessment Order: ITAT Mumbai

May 3, 2025 168 Views 0 comment Print

ITAT Mumbai held that PCIT is empowered to issue a show- cause notice and pass a revision order u/s. 263 of the Act when reassessment order passed by AO was quite cryptic. Accordingly, order of PCIT upheld and appeal of assessee dismissed.

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