ITAT Pune rules Form 10B filing not mandatory for Section 11/12 exemption claims, citing Gujarat High Court precedent, remands case for fresh assessment.
ITAT Pune allows patent drafting & translation expenses as revenue expenditure u/s 37, overturning lower authority’s capital expense classification.
ITAT Pune dismisses revenue appeal, upholding CIT(A)’s decision that a tax reassessment based on a cancelled PAN was invalid.
ITAT Pune rules no addition under Section 69 if investment source is disclosed in the balance sheet. Partial relief granted for unexplained cash deposits.
ITAT Pune rules that Section 12AA registration cannot be denied for typographical errors in application, ensuring fair opportunity and justice for applicants.
ITAT Pune rules that ₹10 lakh from truck sale via banking channel is not unexplained cash credit under Section 68, setting aside CIT(A)’s findings.
ITAT Pune remands Ask Chemicals India’s appeal to NFAC, directing it to adjudicate on merits rather than dismissing for non-prosecution.
ITAT Pune mandates CIT(A) to decide cases on merit, even ex parte, remanding Santosh Varade’s income addition dispute for reassessment.
Ashok Vijaykumar Kotecha Vs ACIT (ITAT Pune) In the case of Ashok Vijaykumar Kotecha vs. ACIT, Circle-1, Jalgaon (ITA No. 1453/PUN/2023), the Income Tax Appellate Tribunal (ITAT) Pune ruled in favor of the assessee, deleting the addition of ₹1.52 crore made under Section 68 of the Income Tax Act, 1961. Case Background The assessee, Ashok […]
ITAT Pune ruled that Section 115BBE does not apply to business income declared in a survey. Read the case details and implications for taxpayers.
