ITAT Jabalpur held that disallowance under section 43B of the Income Tax Act on account of non-payment of Rural Infrastructure tax and dead rent needs verification. Accordingly, matter restored to the file of AO.
Tribunal ruled that AO cannot treat cash recorded in audited books as unexplained merely because deposits were made during demonetisation or in instalments. Additions u/s 69A were deleted as cash balance was duly supported by business records.
The ITAT Jabalpur directed the CIT (Exemption) to reconsider the rejection of Mangalayatan University’s Section 80G approval. The Tribunal held that a rejection based on incomplete facts.
ITAT Jabalpur upholds CIT(A)’s deletion of addition u/s 68; holds that mere reliance on Investigation Wing report without independent verification is unsustainable.
ITAT Jabalpur sets aside the ex-parte dismissal of a taxpayer’s appeal, remanding the case for a fresh hearing on the validity of a reassessment and income addition, citing a violation of natural justice.
The ITAT has remanded a tax appeal to the CIT(A) for a fresh review after the assessee’s submissions regarding excess stock were not considered in an ex-parte order.
The ITAT has remanded a tax case to the AO for a new assessment, ruling that the addition of Rs. 2.53 crore in bank deposits was made without proper verification.
ITAT Jabalpur sets aside a CIT(A) order for dismissing appeals summarily without providing a proper opportunity for the taxpayer to be heard.
ITAT Jabalpur rules on excess stock as undisclosed income and sets tax rates for survey income and cash credits, citing Vatika Township precedent.
ITAT Jabalpur restores Nagar Panchayat’s reassessment case, directing AO to verify exemption claim under Section 10(20) for cash deposits from statutory functions.
