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ITAT Bangalore

Section 270A(9)(a) Penalty Cannot be Levied for Adhoc Disallowance of Expenditure

March 27, 2024 3030 Views 0 comment Print

VDB Infra vs. ITO: ITAT Bangalore case involves TDS deduction dispute resulting in penalty deletion under Section 270A(9)(a) by the tribunal.

ITAT Allows Indexed Cost of Construction for Penthouse Regularized on Sale Date

March 24, 2024 918 Views 0 comment Print

Read the detailed analysis of ITAT Bangalore’s decision in Jayanti Vasishta vs ITO allowing indexed cost of construction for a penthouse regularized on the sale date.

ITAT Dismisses Appeal as Income Tax Dept. Fails to File Timely with No Explanation for delay

March 24, 2024 462 Views 0 comment Print

Income Tax Dept. fails to file appeal on time, ITAT dismisses appeal citing insufficient explanation for delay. Detailed analysis of the case.

ITAT Orders Re-adjudication for LTCG of Canceled Property Sale

March 22, 2024 408 Views 0 comment Print

ITAT Bangalore directs re-examination of Long-Term Capital Gains (LTCG) dispute concerning a property whose sale was canceled by a Civil Court. Details of Mangalagiri Tulasi Vs ITO case.

Section 14A Disallowance cannot exceed Exempted Income: ITAT Bangalore

March 21, 2024 528 Views 0 comment Print

Read the full text of the order of ITAT Bangalore in Ambika Ghorpade Vs ACIT case, discussing disallowance u/s 14A of Income Tax Act and expenses under section 37(1).

AO cannot make adhoc disallowance under Section 40A(2)

March 20, 2024 474 Views 0 comment Print

Explore case of Manipal Hospitals (Dwarka) Pvt Ltd vs. ACIT where ITAT Bangalore ruled that AO cannot make adhoc disallowance under Section 40A(2)

ITAT directs AO to Re-Adjudicate disallowance of Demonetization Cash Deposits

March 19, 2024 486 Views 0 comment Print

Bangalore ITAT’s ruling on cash deposits during demonetization raises questions on verification methods. Learn about the case between ITO and Shri Chatrapati Shivaji.

Co-Op society eligible for section 80P(2)(a)(i) deduction on compulsory investment with Central Co-op Bank  

March 19, 2024 849 Views 0 comment Print

In the case of Kalika Parameswari Co-op Society vs. ITO, ITAT Bangalore allows deduction under Section 80P(2)(a)(i) for interest income from cooperative bank investments.

Interconnect Usage Charges Not Taxable as Royalty: ITAT Bangalore

March 19, 2024 333 Views 0 comment Print

HCG Global Communications Ltd. vs. DCIT (ITAT Bangalore) case ruling: Telecom interconnect usage payments received by a foreign company from an Indian operator deemed non-taxable as ‘royalty’ under the Income Tax Act.

Toyota Financial: ITAT Directs Re-Adjudication on Taxability of NPAs’ Interest

March 18, 2024 411 Views 0 comment Print

Toyota Financial Services India Ltd vs ACIT: ITAT Bangalore provides relief, orders re-adjudication on taxability of NPAs’ interest income. Full text analysis.

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