The ITAT Ahmedabad ruled that the TDS threshold under Section 194IA applies to the payment made to each individual seller, not the total transaction value.
The ITAT Lucknow bench deleted an addition made under Section 69A, ruling that a cash deposit from the assessee’s wife’s withdrawals was a sufficiently explained source.
The ITAT ruled that an assessment initiated before an assessee’s death is not void. It remanded the case, directing the AO to re-do the assessment in the legal heir’s name.
ITAT Mumbai ruled that an assessee who temporarily holds cash is not its owner, leading to the deletion of Section 69A additions for unexplained money.
The ITAT ruled that unaccounted receipts from known business debtors can’t be taxed as unexplained money under Section 69A, granting relief to an assessee.
Learn about the ITAT Mumbai’s ruling in the P&G case, which found that reimbursement for ESOP and ISOP plans is a deductible business expense, not a capital or contingent expense.
The ITAT, Pune, rules that a clerical error in a trust’s registration application is a rectifiable mistake. The tribunal directs the CIT (Exemption) to reconsider the application on its merits, setting a precedent for similar cases.
ITAT Mumbai rules that the AO’s view on CSR expenditure being allowable under Section 80G is plausible, setting aside a Section 263 revision due to the debatable nature of the issue.
ITAT Mumbai deletes a ₹1.69 crore addition under Section 69A against Parth Ajit Pawar. The ruling emphasizes that a third-party statement without cross-examination and corroborating evidence is not valid for making additions.
ITAT Bangalore rules that a trust’s 12AB registration application cannot be rejected for a curable technical error in the section code, directing the CIT(E) to reconsider the application on its merits.
