BPS Mineral Exports Pvt. Ltd. Vs ITO (ITAT Ahmedabad) In the case of BPS Mineral Exports Pvt. Ltd. vs ITO, the Income Tax Appellate Tribunal (ITAT) Ahmedabad addressed an appeal filed by the assessee against the order of the Commissioner of Income Tax (Appeals) (CIT(A)) for the assessment year 2016-17. The dispute centered around the […]
ITAT Surat rules against PCIT’s revision under Section 263, stating the Assessing Officer’s view on Unique Polypack transactions was legally sustainable.
ITAT Chennai sets aside CIT(A)’s order in Amuthasurabi Educational Trust case, citing incorrect delay calculation. Case sent for fresh adjudication.
ITAT Delhi dismisses BRR Securities’ appeals as withdrawn after settlement under the Direct Tax Vivad se Vishwas Scheme, 2024. Case closed on 03/12/2024.
ITAT Pune sets aside an ex-parte order against Ahmednagar Auto citing COVID-related non-compliance as a valid reason for non-appearance. Case remanded for review.
Registration u/s 12AB was rejected on the ground of non-registration in Rajasthan Public Trust Act, 1959 and further, on account of non-genuineness of activities. Furthe grant of 80G was also denied on the abovementioned grounds.
ITAT Bangalore condones delay in appeal by Akshaya Builders and remands the case for fresh assessment with costs after dispute among partners.
Assessee didnot file ITR for AY 2012-13 during which assessee made cash deposit of Rs.45,69,722/-. The case was reopened and notice u/s 148 was sent through e-mail against which no ITR was filed. Hence, AO made addition u/s 69A.
ITAT Ahmedabad dismisses penalty for disallowance of deduction under section 80IA(4), ruling in favor of the assessee as a developer.
ITAT Ahmedabad held that additions under section 68 of the Income Tax Act is not sustainable since assessee established identity, genuineness and creditworthiness of the lenders. Accordingly, addition u/s. 68 deleted.
