ITAT Bangalore upholds income additions for Rajiv Venkatpathi Gowda after he failed to provide proof for unexplained bank deposits and admitted salary income.
The ITAT Bangalore ruled in favor of HP India Sales, quashing major tax additions. The tribunal upheld the company’s consistent accounting practices for revenue recognition, discounts, and provisions, reinforcing mercantile principles.
The ITAT granted Lowe’s India partial relief, allowing an 80G deduction for CSR donations while correcting MAT profit and other disallowances. The transfer pricing issue was remanded for a fresh review.
The ITAT Bangalore deleted a Rs.23.77 Cr capitation fee addition and restored exemption u/s 11 for Sri Devaraj Urs Educational Trust, ruling that uncorroborated documents and contradictory statements lack evidentiary value.
The ITAT Bangalore deleted additions and expense disallowance for an agriculturist, holding that they are not required to maintain books and their substantiated agricultural income cannot be treated as unexplained.
The ITAT Bangalore has quashed a reassessment order, ruling that a tax addition based on documents seized in a third-party search must be made under Section 153C, not 147.
ITAT Bangalore deletes ₹150+ crore additions, quashing assessment due to lack of incriminating material and multiple jurisdictional defects in the proceedings.
ITAT Bangalore condones a 224-day delay in an unexplained cash deposit case, remitting it to the AO for a fresh assessment with a token penalty.
ITAT Bangalore remits a trust’s 80G approval case back to the CIT(E), citing a violation of natural justice for rejecting the application without a proper hearing.
Bangalore ITAT rules large companies like Infosys BPM & Tech Mahindra cannot be comparables for small captive service providers. Loss set-off also directed.
