ITAT Delhi considers penalty for alleged inaccurate income particulars concerning a Section 54F exemption claim, with conflicting views on concealment versus incorrect claim.
ITAT Mumbai upholds deletion of deemed rental income on unsold flats and Section 14A disallowance for Haware Constructions, citing judicial precedents.
Ahmedabad ITAT deletes Rs. 2.53 lakh addition for alleged client code modification, citing lack of evidence against taxpayer Sahil Shah.
ITAT Hyderabad allows Geovista Technologies’ appeal, setting aside an ex-parte order due to CIT(A)’s “undue haste” in issuing notices, violating natural justice.
ITAT Bangalore remands a trust’s 12AB tax exemption cancellation, citing a technical error in application and directing fresh consideration.
ITAT Ahmedabad condones 224-day delay for Modi Charitable Trust, remanding 12A & 80G applications due to the trust’s unfamiliarity with e-notices and tax procedures.
ITAT Cochin rules in favor of Muthoot Bankers, allowing deduction for interest paid to partners under Section 40B, overturning disallowance by lower authorities.
ITAT Ahmedabad remands Urmilaben H. Dave Disc Family Trust’s TDS credit appeals for re-examination, citing AO’s failure to process rectification requests.
ITAT Mumbai rules 10% tolerance limit under Income Tax Act’s Section 56(2)(x) applies retrospectively, cutting addition in NRB Developers’ property valuation case.
ITAT Delhi rules rental income from leased property is taxable as ‘House Property’ for IHDP Globals, upholding consistency rule in tax assessment.
