): The ITAT set aside a penalty of ₹4.25 lakh levied under Section 271C for non-deduction of TDS. Citing the Supreme Court ruling in U.S. Technologies International Pvt. Ltd., the Tribunal held that Section 271C applies only to the failure to deduct, not the late remittance of already deducted tax.
The ITAT ruled that a reassessment order passed in the name of a deceased assessee is a curable irregularity, not void ab initio, provided the initial Section 148 notice was validly issued during the assessee’s lifetime.
ITAT Ahmedabad upheld PCIT’s revisionary order, ruling that AO’s failure to disallow interest (Rs.44.51 lakh) on unsecured loans (Rs.92 lakh) already deemed unexplained was an erroneous and prejudicial’ omission, not merely a difference of opinion.
The Income Tax Appellate Tribunal (ITAT) upheld the CIT(A)’s ruling, deleting unexplained money and commission additions made against Riddhesh Girishbhai Bhandari following a search.
ITAT Ahmedabad dismisses the Revenue’s appeals for AY 2017-18 and 2018-19, allowing the Rs.380 crore S 80IA deduction for operating infrastructure facilities, relying on prior cases and Madras HC precedents.
ITAT Ahmedabad set aside the ex parte dismissal of Kansara Popatlal Tibhovandas Metal Pvt Ltd’s appeal, ruling the CIT(A) violated natural justice by passing an order before the due date for submissions.
ITAT Ahmedabad quashed the PCIT’s Section 263 revision setting aside an assessment, holding AO’s enquiry into an Section 80GGC political donation was plausible and adequate.
Tribunal held that 2022 amendment to Section 11(3) applies prospectively, allowing trusts to utilise past accumulations within six years under old law. Additions made under Section 115BBI were deleted.
The ITAT Ahmedabad has remanded a case involving the Narayan Cultural Mission, which was denied Section 80G approval due to alleged excessive religious expenditure.
The Income Tax Appellate Tribunal (ITAT) Ahmedabad has dismissed a Revenue appeal, affirming that a real estate developer was correctly allowed to claim a project loss.
