ITAT Cochin sent a case back to the tax officer for review. The Tribunal ruled that cash payments made on Sundays and public holidays may be exempt from disallowance under Section 40A(3), per Rule 6DD.
ITAT Cochin allows Section 80P deduction for a Primary Agricultural Credit Cooperative Society, applying the Supreme Court’s Mavilayi ruling and overruling earlier decisions.
The ITAT Cochin rules that additions enhancing business income for a Primary Agricultural Credit Cooperative Society are eligible for deduction under Section 80P.
The ITAT Cochin confirmed a penalty under Section 271D for a taxpayer who accepted a large cash payment for property, ruling that ignorance of the law is not a reasonable cause.
The ITAT Cochin has dismissed appeals by Trivandrum Cable Network (P.) Ltd., upholding additions made under Section 153A based on incriminating material found during search operations.
The ITAT Cochin has ruled against Muthoot Fincorp, confirming the disallowance of expenses due to non-deduction of TDS on a composite contract.
Cochin ITAT remanded ₹25 lakh addition, holding CIT(A) erred by invoking Section 68 without notice. Matter sent back for fresh adjudication after hearing assessee.
The ITAT Cochin ruled that cash received as a final payment during a property registration is not a violation of Section 269SS, waiving the penalty.
The ITAT Cochin bench ruled that receiving cash for property at registration violates Section 269SS, overturning a prior decision.
ITAT Cochin rules that a temple trust’s advance payments for an ongoing construction project constitute a valid application of funds under Section 11.
