ITAT Ahmedabad dismisses Revenue appeals in Shaligram Infra Projects LLP case regarding on-money additions. Key takeaways on third-party documents, profit element taxation, and telescoping principle.
ITAT Ahmedabad overturns a PCIT’s order, holding that revisionary powers cannot be used to expand the scope of a limited scrutiny to include deemed dividend issues.
The ITAT Jaipur ruled that a private trust with a single minor beneficiary cannot be taxed at the Maximum Marginal Rate. A wrong ITR form filing does not take away the right to normal slab rates.
ITAT Amritsar remands an appeal after finding that the CIT(A) failed to send notices to the correct email, denying the taxpayer a fair hearing.
ITAT Pune rules that failure to verify Section 54F deduction conditions makes an assessment order erroneous and prejudicial, upholding PCIT’s revisionary powers.
ITAT Bangalore upholds income additions for Rajiv Venkatpathi Gowda after he failed to provide proof for unexplained bank deposits and admitted salary income.
ITAT Ranchi rules that an entire purchase cannot be disallowed as bogus without rejecting the books of account; only the profit element is taxable on disputed purchases.
An ITAT ruling on Aviraldhaani Foundation shows that a trust can be denied charitable registration for having a vague ‘any other activity’ clause, but natural justice must prevail.
An ITAT Pune ruling confirms that domestic companies cannot use DTAAs to reduce Dividend Distribution Tax (DDT) under Section 115-O, as the tax is a levy on the company, not the shareholder.
Notice issued by a non-jurisdictional AO was invalid rendering the addition under Section 69A void ab initio. It directly impacted the validity of the assessment under Section 69A, leading to the complete annulment of the additions.
