ITAT Surat held that reopening of assessment under section 148 of the Income Tax Act without tangible material tantamount to change of opinion on the existing facts and the same is impermissible in law. Accordingly, appeal allowed and reopening quashed.
ITAT Surat grants 80G approval to Jay Bhawani Mandhani Charitable Trust after a religious clause in its deed was struck down, validating its charitable nature.
The ITAT Surat has remanded an appeal by Pankajbhai Devrajbhai Soliya to the CIT(A) for merits-based adjudication, citing an inadvertent email oversight as the cause for delay, imposing a ₹15,000 cost on the assessee.
The ITAT Surat has ruled that Section 11 & 12 exemptions cannot be denied solely due to a trust’s delayed registration, remitting Koteshwar Mahadev Public Trust’s case for fresh assessment.
ITAT Surat rules Bardoli Vibhag Gram Vikas Co-op Credit Society’s interest from co-operative banks is eligible for Section 80P(2)(d) deduction, overturning PCIT.
ITAT Surat partially upholds cash addition for Arjunsinh Thakor but reduces taxable amount and applies pre-amendment tax rates under Section 115BBE.
ITAT Surat allows Section 11 exemption for Premprakash Ashram Trust, deeming belated Form 10B filing procedural, not mandatory.
ITAT Surat rules cash in real estate business isn’t automatically unexplained for demonetization deposits. Reduces ₹7.54L addition, cites Supreme Court on cash balances.
ITAT Surat deleted a Section 271(1)(c) penalty against Gunjan Agarwal, ruling that an addition based on estimated income does not automatically imply concealment or furnishing inaccurate particulars.
The ITAT Surat deleted a Section 271-I penalty against Gopal Chandak for non-filing of Form 15CA on non-taxable remittances, citing that rules were notified late.
