The Tribunal held that once the assessee disputes stamp duty valuation, referral to a Valuation Officer is necessary. The matter was remanded for fresh determination.
The case examined whether promotional expenses should be capitalized under the project completion method. The Tribunal held that such expenses, not linked to inventory development, are allowable as revenue expenditure.
The case addressed whether delayed filing of Form 10-IC invalidates a claim under Section 115BAA. The Tribunal held that the delay was procedural and directed allowance of the concessional tax rate.
The issue was whether interest from co-operative banks is eligible for deduction under Section 80P(2)(d). The Tribunal held that co-operative banks are co-operative societies, making the deduction allowable.
The issue was whether a new trust can be denied registration due to lack of activities. The tribunal held that proposed charitable activities must be considered, and non-commencement alone is not a valid ground for rejection.
The case examined whether delayed filing of Form 10/10B invalidates exemption under section 11(2). The Tribunal held that procedural delays do not defeat substantive claims, directing allowance of exemption.
The tribunal held that disallowance of weighted R&D deduction is unsustainable when valid Form 3CM approval is on record. It emphasized that sufficient documentary evidence before the AO supports the taxpayer’s claim.
The Tribunal upheld deletion of additions as the AO failed to provide evidence or conduct independent verification. The ruling highlights the need for substantiated findings in reassessment cases.
The Tribunal remitted the matter to the AO after finding that the allowance of expenses was based on unverified claims of evidence submission. It directed fresh verification and adjudication.
The case examined whether late submission of Form 67 can deny FTC. The tribunal held that filing before assessment completion is sufficient and directed allowance of full credit.
