The ITAT Cochin ruled that registration under Section 12A cannot be canceled solely based on issues related to income tax assessments or minor operational details.
ITAT Cochin has ruled that banks can claim a bad debt deduction under Section 36(1)(vii) even if their claim under Section 36(1)(viia) is disallowed. This is a crucial precedent.
ITAT Cochin remands agricultural income tax case for fresh hearing, citing ex-parte dismissal by CIT(A) without merit review, ensuring fair opportunity for assessee.
The ITAT Cochin has directed the Assessing Officer to allow Section 80P deduction for Kalliad Service Co-operative Bank, citing the Supreme Court’s ruling in Mavilayi Service Co-operative Bank Ltd.
ITAT Cochin provides partial relief to Palmshore Hotels, remanding the case to AO for fresh adjudication on business income classification and Section 43B disallowance.
ITAT Cochin allows Chittur Service Co-op. Bank’s 80P deduction, ruling that lending to non-members does not bar the claim, citing Supreme Court’s Mavilayi judgment.
ITAT Cochin remands Kangazha Service Co-op. Bank’s tax appeal to CIT(A), citing a lack of merit-based adjudication and a need for a new hearing.
ITAT Cochin dismisses Saida Trading Co. appeal, citing 1,233-day delay. Inability to contact signatory not “reasonable cause.” Judicial precedents on condonation of delay cited.
The ITAT Cochin has ruled that an Assessing Officer must refer a property’s fair market value to a DVO. Failure to do so invalidates any capital gains addition.
ITAT Cochin dismisses co-operative bank’s appeal, affirming tax on unexplained cash credits under Section 68, stating they don’t automatically qualify for Section 80P deduction.
