ITAT Chandigarh’s ruling in the CSJ Infrastructure tax case addresses the application of Section 43CA and the tax treatment of interest on land conversion fees.
SEO Description: The ITAT Bangalore has remanded a case back to the tax office to verify whether employee PF/ESI contributions were paid on time, noting a discrepancy between the audit report and the taxpayer’s claim.
ITAT Mumbai allowed an appeal by a private discretionary trust, directing the re-computation of surcharge at 15% instead of 37%. The decision follows the Special Bench ruling in Aradhya Jain Trust vs. ITO, clarifying surcharge slab applicability for trusts taxed at maximum marginal rate.
The NCLAT has rejected an appeal by Technio Business Solutions, citing a lack of credible reasons for a 172-day delay in refiling. The court found the explanations to be baseless.
The ITAT Ahmedabad has remanded the case of Takshashila Education And Charitable Trust back to the CIT(E) for a fresh hearing, setting aside an ex-parte order.
The Delhi ITAT dismissed an appeal by the DCIT, ruling that a company’s income from a property sale, already declared in its books, cannot be taxed a second time.
The ITAT has denied a deduction under Section 80ID for Ramesh Bhatia HUF, ruling that a previously used hotel building doesn’t qualify as a new business for tax purposes.
The ITAT has ruled a reassessment notice against AP Goyal Charitable Trust was invalid because it was issued after the deadline, as per Supreme Court rulings on extended timelines.
Cash deposits made by assessee during the demonetization period were explained as being sourced from earlier withdrawals and household savings, and deleted the addition of ₹10,46,500 made under section 69A.
The ITAT Visakhapatnam ruled in favor of a commission agent, directing tax authorities to grant full TDS credit, reinforcing a key distinction between turnover and commission.
