ITAT Delhi condones 450-day delay in Redstone Textile’s appeals, remands case to CIT(A) after citing former consultant’s oversight and non-receipt of notices.
ITAT Mumbai held that income from pharmacy and chemist division cannot be treated as business income from separate and independent activity. Thus, since pharmacy is an integral part of dominant purpose of hospital benefit u/s. 11(1) duly admissible.
ITAT Ahmedabad held that revisionary order passed under section 263 of the Income Tax Act in the name of non-existent entity (amalgamated company) is liable to be quashed. Accordingly, the appeal of the assessee is allowed.
ITAT Ahmedabad held that claim of assessee that income declared under Pradhan Mantri Garib Kalyan Yojana [PMGKY] and hence the same should not be treated as unexplained deposits needs verification. Hence, matter remitted to AO to verify the same.
ITAT Ahmedabad held that addition under section 69A of the Income Tax Act not sustained since three key ingredients i.e. identity, genuineness and creditworthiness of parties being proved. Accordingly, appeal of assessee allowed.
ITAT Ahmedabad sets aside CIT(E) order rejecting 12A registration, citing denial of adequate opportunity, restores matter for fresh adjudication.
ITAT Ahmedabad partly sets aside PCIT order, rules PCIT cannot issue mandatory direction to add income for accommodation entries under Section 263.
ITAT Ahmedabad orders AO to re-examine rectification request after depreciation was wrongly considered as net profit in tax intimation.
ITAT Ahmedabad sets aside CIT (Exemption) order rejecting 12A registration, finds trust objects not solely for one caste, directs re-adjudication.
ITAT Chennai deletes ₹14.84 lakh cash deposit addition for NBFC, citing duly recorded books; restores 80G claim to AO for re-examination.
