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ITAT Indore

Latest Posts in ITAT Indore

No additions based solely on survey statements without supporting material

February 20, 2025 549 Views 0 comment Print

ITAT Indore partly allows Saaras Agro’s appeal, ruling on Section 69 and 115BBE additions. Key judicial precedents and CBDT circulars cited.

No denial of registration u/s 12AB based on potential commercial activity in the future

January 20, 2025 198 Views 0 comment Print

CIT(E) was not justified in denying assessee’s applications for final registration u/s 12AB / final approval u/s 80G as assessee had done only charitable activities till now and not undertaken any activity contemplated by object No. 2 & 3.

Non-granting of registration u/s. 12AB as objective has element of commerciality not justified

December 26, 2024 123 Views 0 comment Print

The assessee-company incorporated u/s 8 of the Companies Act, 2013 claiming to be for charitable purpose, applied to CPC for grant of provisional registration u/s 12AB and provisional approval u/s 80G, which were granted by CPC.

ITAT Indore Accepts Peak Credit Theory; Past savings can explain cash deposits

October 14, 2024 918 Views 0 comment Print

The ITAT Indore accepts peak credit theory in Kamal Chand Sisodiya Vs ITO, stating past savings can explain cash deposits, limiting unexplained income.

Cash payments permissible if assessee can justify necessity & genuineness: ITAT Indore

October 1, 2024 1161 Views 0 comment Print

ITAT Indore partly upheld disallowance of cash payments under Section 40A(3, affirming Rs. 1.14 crore in disallowed transactions for the year 2014-15.

ITAT Remands Case to CIT(A) for Reconsideration Due to Insufficient Opportunity Given to Assessee

October 1, 2024 168 Views 0 comment Print

ITAT Indore remands Real Food Agency Pvt Ltd case to CIT(A) for proper adjudication, citing inadequate opportunity for hearing and procedural issues.

669-day delay – unexplained cash deposit Addition: ITAT Remands Case to CIT(A)

September 12, 2024 780 Views 0 comment Print

The ITAT Indore remanded Amit Vyas’ appeal back to CIT(A) due to procedural delays, allowing reconsideration of unexplained cash deposits and assessment orders.

Factual incorrect ex-parte order without proper notice: ITAT remand back to AO

September 12, 2024 366 Views 0 comment Print

ITAT Indore remands case of District Organiser Tribal Welfare Bhopal vs. ITO for incorrect TDS calculations and procedural delays. Read the full judgment summary.

ITAT held revision u/s 263 could not address issues beyond limited scrutiny under CASS

August 22, 2024 630 Views 0 comment Print

Assessee-partnership firm had filed its income tax return declaring income. The case was selected for limited scrutiny, focusing on the issues such as investment in immovable property and share capital/other capital.

Advance tax payment provisions doesn’t apply to reassessment proceedings: ITAT Indore

August 17, 2024 810 Views 0 comment Print

ITAT Indore held that rejection of appeal by CIT(A) on the footing of non-payment of advance tax as required by section 249(4)(b) untenable as payment of advance tax is not applicable in case of reassessment proceedings.

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