ITAT Bangalore remanded a Section 69A addition after holding that an APMC commission agent’s entire sale proceeds could not be treated as income.
ITAT Bangalore deleted additions after holding that the return filed under the correct PAN could not be ignored due to the existence of a duplicate PAN.
ITAT Bangalore deleted the Section 69A addition after holding that member details established the source of cash deposits made during demonetisation.
ITAT held that GST refund is not taxable where the tax component was never claimed as expenditure and was recorded as a receivable.
ITAT held that Section 154 cannot be used where applicability of Section 167B requires factual examination, making the issue debatable and not a mistake apparent.
ITAT held that substantial construction and structural improvements satisfied Section 54F. AO was directed to allow the deduction.
ITAT held no TDS was required as the Revenue failed to prove the services made technical knowledge available under the India-US DTAA.
The ITAT held that Section 54 exemption must be examined separately for each residential house sold. The benefit cannot be restricted to one new house merely because multiple houses were transferred.
ITAT held that failure to obtain a tax audit does not automatically justify rejecting books and estimating profit at 8% without proper examination.
ITAT held that a society registered under the Karnataka Societies Registration Act cannot be taxed at the maximum marginal rate under Section 167B.
