The ITAT Agra has canceled a penalty against Bundelkhand University, ruling that a technical breach of not filing documents is not punishable if all details are later provided.
The ITAT grants relief to an assessee, setting aside an ex-parte order from the CIT(A) and remanding the case for a fresh hearing on its merits.
ITAT Agra set aside a TDS assessment order for AY 2014-15, holding that a late-night show cause notice with a 1-day deadline violated natural justice. The matter is remitted to the Assessing Officer for fresh adjudication.
The ITAT Agra has ruled that clerical errors and physical filing of Form 10B should not result in the denial of a trust’s tax exemption.
ITAT Agra confirms ₹80.17 lakh addition as bogus LTCG from penny stock, citing lack of evidence and suspicious price jump in Yamini Investments shares.
ITAT Agra condones significant appeal delays for Oxford Shiksha Samit, citing Supreme Court directives on COVID-19 period and the principle of natural justice.
ITAT Agra held that property purchased, being four shops at ground floor and one room at first floor, was predominantly commercial in nature and hence disqualifies for exemption under section 54 of the Income Tax Act. Hence, appeal dismissed.
ITAT Agra held that where registration has been granted to trust under section 12AA of the Income Tax Act, exemption under section 11 of the Income Tax Act admissible to preceding years for which assessment proceedings were pending before AO.
ITAT Agra rules LLP’s decision to audit accounts qualifies for extended IT return due date, enabling business loss carry forward despite initial denial by CPC.
ITAT Agra deletes penalty on State Bank of India for short TDS on LFC with foreign leg, citing bona fide belief and Supreme Court ruling on penalty.
