A similar claim for deduction as was raised by assessee-firm in the preceding year had been allowed by the department, but also the fact that the GP/NP rates of assessee firm were progressive as in comparison to the preceding year.
ITAT Pune ruled that Rs. 1.02 crore in short-term capital gains was wrongly added to the taxpayer’s income, as it was already taxed under her husband’s return.
It was a case where the statutory procedure mandated in section 144C had been attempted to be by passed by merely mentioning the name of the assessee as the amalgamated entity with its former name and the name of amalgamating company.
ITAT Pune ruled that Foreign Tax Credit (FTC) cannot be denied solely due to late Form 67 filing, as the requirement is directory, not mandatory.
ITAT Mumbai remands case after CIT(E) rejects 12A registration due to missing documents, directing the applicant to submit required details for reconsideration.
ITAT Pune remands case after CIT(A) upholds TDS-related additions due to lack of proper hearing, directing reconsideration with adequate opportunity for the assessee.
ITAT Cochin remands appeal to CIT(A) for proper disposal on merits in the case of SIB Staff Credit Society Ltd for AY 2020-21.
ITAT Cochin directs CIT(A) to condone 4-day appeal delay in Kerala State Drugs case, focusing on procedural fairness and opportunity.
Amrita Heart Care Foundation’s appeal is dismissed as withdrawn after CIT (Exemption), Kochi, granted approval in Form 10AS for AY 2024-25.
ACIT (OSD) Vs G4S Facility Services (India) Ltd. (ITAT Delhi): Subsequent judgment reversing earlier Legal Interpretation, cannot be said to be a mistake apparent from record, requiring exercise of powers u/s 254(2) for recall of order
