The ITAT Ahmedabad has remanded a penalty case for Co.op Credit Society, directing the AO to pass a new order only after the related quantum appeal is finalized.
ITAT Mumbai dismissed Revenue’s appeal, upholding deletion of a Rs. 16 lakh penalty against Micro Plantea Limited due to a lack of incriminating material in a search assessment.
ITAT Chandigarh partly allows Sky AMA Infra appeal: confirms Sec 14A disallowance for normal income but deletes MAT adjustment citing Vireet Investments precedent.
ITAT Surat sets aside an ex-parte order, mandating a fresh hearing for Anupam Syal on a ₹11 lakh tax addition. The ruling emphasizes natural justice and procedural fairness.
The Patna ITAT holds that Section 69 applies even without books of account, but remands a case for fresh verification after the assessee provided new evidence of earlier cash payments.
ITAT Raipur has ruled that a CIT(A) cannot dismiss an appeal in limine due to delay, emphasizing that cases must be decided on their merits after proper inquiry.
The ITAT Mumbai has ruled on the distinction between rental income and income from providing facilities. The Tribunal classified rental as “House Property” income and facility charges as “Business Income,” remanding several other issues.
The ITAT Ahmedabad condoned a 1890-day delay and remanded a case to the AO, directing the recalculation of capital gains for a co-owner by considering the DVO’s valuation and the indexed cost of acquisition.
ITAT Chennai held that the assessee is entitled for its claim of additional depreciation qua amounts not claimed in the preceding year. Thus, claim of the additional depreciation made during the year is allowed.
The ITAT Ahmedabad has ruled that the Finance Act 2022 amendment, which removed the one-year extension for trust income utilization, applies prospectively, not retrospectively.
