ITAT Raipur restored the matter to the file of CIT(A) for fresh adjudication as intimation of fixation of hearing was sent via email, and no physical/ hard copy was sent, inspite of specifically stating in Form 35 that all notices/ communication to be sent in a mode otherwise through email.
ITAT Pune held that the assessee institute is substantially funded by the Central Government and hence the assessee institute would be entitled to exemption by virtue of provisions of section 10(23C)(iiiab) of the Income Tax Act.
ITAT Delhi held that no addition in respect of share premium under section 68 of the Income Tax Act since necessary evidence along with valuation certificate as per rule 11UA(2)(b) of the Income Tax Rules already furnished. Accordingly, appeal allowed.
ITAT Jaipur held that expenditure towards supply of food packets for employees which was subjected to GST shall not be considered as contract and hence provisions of section 194C shall not apply.
The ITAT Pune ruled that additional income declared during a survey at Patel Shoes Co., consisting of excess stock, cash, and furniture expenditure, is business income, not unexplained income under Sections 69/69C, overriding an initial misclassification.
Bengaluru tax authorities challenge NFAC order on unsecured loan deletion, citing Rule 46A violation. Case remitted for fresh adjudication.
ITAT Pune sets aside CIT(A) order, condoning 374-day delay due to assessee’s illness and tax practitioner’s death, remanding the case for a new hearing.
ITAT Ahmedabad rules a private discretionary trust created by will and being the sole trust is not liable to the maximum marginal rate, applying association of persons rates.
Delhi ITAT ruled reassessment notice to AK Lumbers invalid, citing AO’s non-application of mind and denial of cross-examination in bogus sales case.
Bangalore ITAT overturns Rs. 31.79 lakh addition for unexplained cash deposits, citing assessee’s sufficient sources and AO’s calculation errors.
