Explore ITAT Pune’s decision in Sudha Karbhari Nagre vs ITO case. LTCG addition on property sale contested. Timeliness, ownership, and re-assessment issues analyzed. Order dated 30th October 2023.
ITAT Delhi while quashing the revisionary order passed by the Ld. Pr.CIT held that, mere non-deposit in the capital gains scheme account cannot be the basis to deny deduction u/s 54/54F when the LTCG amount had duly been reinvested within the time allowed under 54(1) and that a hyper-technical/perfectionists point of view cannot the basis to assume revisionary jurisdiction.
ITAT Mumbai’s order on Runwal Constructions vs DCIT: Addition of notional ALV on unsold flats held as stock-in-trade deleted. Detailed analysis and outcome provided.
While calculating eligible limit of 1000 sq. ft. for deciding allowbility of section 80IB(10) deduction, floor bed area, which is open to sky and not covered by any sides and outside balcony area, which is below floor level cannot form part of constructed area of flat.
In a recent decision, ITAT Mumbai allows Section 80G deduction on CSR expenses for Rustomjee Realty Pvt Ltd, challenging the disallowance by ACIT.
In a landmark case, Oriental Bank challenges penalties imposed by ITAT Jaipur for TDS non-compliance. Learn about the legal battle and its implications.
In a recent case, Vrajlal Umedlal Jhaveri challenges ITAT Mumbai’s decision, citing lack of awareness about notices on the income tax portal. Learn more about the appeal and the opportunity granted for a fair hearing.
Explore the ITAT Chennai order on Raghupathy Dhakshayani Vs ITO appeal, assessing the delay, reasonable cause arguments, and the final dismissal decision.
Read the ITAT Pune order on Vijay Shriram Gundale’s appeal. Excess stock during survey deemed as business income, not other source income. Detailed analysis provided.
Explore the ITAT Ahmedabad ruling in Hasaniya Healthcare Sarvajanik Trust vs. CIT case. Learn how the CA’s interpretation error led to rejection and the subsequent order for reexamination.
