ITAT Jaipur remands Dhapi Devi Samiti’s 12AB exemption case, condoning 250-day delay. Rules RPT Act registration not essential for IT Act exemption.
ITAT Surat rules Section 54F exemption is permissible on a residential property purchase through a possession-based agreement, even without a registered sale deed.
ITAT Ahmedabad deletes Section 56(2)(x)(b) addition for land purchase, citing prior co-owner’s case where FMV difference was within 10% threshold.
Delhi ITAT grants BMW India a stay on tax recovery for AY 2016-17 after the company deposited 20% of the outstanding demand, noting past rulings on AMP expenses.
IIM Sirmaur secures tax exemption registration after ITAT Chandigarh rules against denial based on a technical error in application, citing judicial precedents.
Delhi ITAT quashes reassessment proceedings against Smt. Seema Swami for AY 2008-09, ruling the Assessing Officer lacked tangible material for a valid reason to believe income escaped assessment.
Delhi ITAT rules Coursera’s online course receipts from India are not taxable as Fees for Included Services, citing prior judicial precedents.
ITAT Bangalore rules that a director’s mere custody of company funds, without personal use or formal loan, does not constitute a deemed dividend under Section 2(22)(e) of the Income-tax Act.
ITAT Chennai ruled that translation services are not “technical services” under Section 9(1)(vii), leading to the deletion of a disallowance under Section 40(a)(i) for non-deduction of TDS on payments to non-resident translators.
The ITAT Delhi has deleted an addition of Rs. 41.16 lakh made by the tax authorities on cash deposits by Surendra Kumar Gupta, ruling that the source was adequately explained.
