The ITAT Nagpur has ruled that income surrendered during a survey from an excess stock of jewelry is business income, not an unexplained investment.
ITAT Nagpur remands Mohd. Siraj’s appeal to CIT(A), allowing him a fresh chance to prove large bank deposits belonged to his employer, not him.
PCIT’s revision order on Gajanand Financial Consultancy’s protective addition was quashed by ITAT Nagpur. The Tribunal ruled the AO made a detailed enquiry, and protective additions can’t be revised when substantive ones exist.
The Income Tax Appellate Tribunal (ITAT) Nagpur condoned a 729-day delay in Rupa Abhay Vyas’s appeal, citing the death of her legal counsel during the COVID-19 pandemic and her subsequent medical diagnosis.
The ITAT in Nagpur has quashed an ex parte order against a small taxpayer, an auto driver with limited education, whose appeal was dismissed by the CIT(A). The tribunal ruled that the failure to serve notices in the preferred physical mode, as requested by the assessee, was a violation of natural justice, rendering the dismissal invalid.
The tribunal referenced a Kerala High Court precedent, holding that a belated return is still valid for claiming statutory deductions as long as assessment proceedings are pending.
ITAT Nagpur sets aside an ex-parte CIT(A) order for assessment year 2017-18, imposing Rs. 10,000 cost on the assessee for chronic procedural delays and non-compliance.
ITAT Nagpur set aside CIT(E) order, ruling that non-submission of provisional registration copy is not a valid ground to reject Section 12AB regular registration application if prior registration exists.
TAT Nagpur set aside two penalties against Panhera Gramin Bigarsheti: one for non-compliance due to staff issues and another for an excess 80P deduction claim, citing a revised audit report.
ITAT Nagpur sends back Ganesh Thawares reassessment appeal, directing CIT(A) to rule on jurisdiction and other issues afresh after a fair hearing
