The ITAT Bangalore ruled that tax additions cannot be based on uncorroborated loose papers, reiterating a Supreme Court precedent that such documents have no evidentiary value.
ITAT Bangalore mandates working capital adjustments and excludes functionally different comparables in a transfer pricing case, directing a fresh benchmarking analysis.
ITAT Bangalore remands a trust’s 80G cancellation, citing a violation of natural justice. The trust gets a fresh opportunity to prove the genuineness of its activities.
ITAT Bangalore remands a case where an email address was ignored, violating natural justice. The assessee gets a fresh chance to prove his land was agricultural.
No Records, No Relief – Expenses Must Be Proven – Tribunal Confirms Disallowance on Estimate Basis- Agricultural Income Inflated, Expenses Unproved –Bang ITAT Dismisses Appeal
ITAT Bangalore deletes a Section 68 addition on a trader’s demonetisation deposits, ruling that cash from business receipts cannot be taxed again after turnover is accepted.
ITAT Bangalore remands case to CIT(A), directing a fresh review of tax exemption claims on compensation received under the RFCTLARR Act.
In a case against an 82-year-old retired LIC officer, the ITAT Bangalore deletes a ₹15.30 lakh addition, accepting past cash withdrawals as a valid source for demonetisation deposits.
ITAT Bangalore rules that unexplained cash deposits in a bank account cannot be taxed without verifying sources like agricultural income and small business sales, remanding the case for re-examination.
ITAT Bangalore deletes additions against Mohammed Ibrahim Mohideen, ruling that uncorroborated loose slips and statements are not sufficient evidence for assessments.
