ITAT Bangalore accepts self-made vouchers for coolie, labor, and farm expenses, deleting disallowances for Carreg Commodities Pvt. Ltd.
ITAT Bangalore remands Sardar Imtiyaz Pasha’s appeal to AO, citing unfair profit estimation and denial of fair hearing by CIT(A). Case sent back for fresh review of cash deposits.
Bangalore ITAT condones 66-day delay in appeal filing for Smt. Shobha, citing COVID-19 lockdown and CA’s pre-occupation, emphasizing sufficient cause for the delay.
ITAT Bangalore dismissed Karuturi Global’s appeals due to improper verification by directors and the tax department’s appeals as infructuous due to ongoing liquidation.
ITAT Bangalore ruled in favor of Thejaswini Jakkaraju, allowing the Section 87A tax rebate on a revised return filed to rectify an omission in the original filing.
ITAT Bangalore reinstates Dhwani Shristi Foundation’s tax exemptions, ruling genuine charitable activities outweigh expenditure quantum for registration.
ITAT Bangalore ruled cash and gold found during a search, unrecorded in books and undisclosed in the original return, are taxable as undisclosed income under Section 115BBE.
ITAT Bangalore quashed a Section 263 revision order concerning a Section 54F deduction, citing insufficient inquiry by Assessing Officer and lack of adequate opportunity for taxpayer.
ITAT Bangalore allows Section 54F deduction for Ramaiah Dorairaj, ruling that direct investment in a new house within the period overrides non-deposit in Capital Gains Scheme.
The ITAT Bangalore ruled that St. Joseph Engineering College Alumni Association cannot be denied 12AB registration solely for not incurring substantial expenditure. Genuineness of activities, including proposed activities, is key for registration under Section 12AB.
