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ITAT Upholds Cancellation of Registration for Trust Building Leasing Income

May 23, 2024 963 Views 0 comment Print

ITAT Pune upheld the cancellation of Golden Charitable Trust’s registration, citing commercial activity from leasing property. Read the detailed analysis of the order.

CIT(E) should examine entire trust deed in totality vis-à-vis charitable activities: ITAT Pune

May 6, 2024 276 Views 0 comment Print

The tribunal emphasized that the CIT(E) should have evaluated the entire trust deed in conjunction with the actual charitable activities conducted by the trust to determine whether it solely served the Christian community or provided benefits to the broader community.

ITAT upholds disallowance for delayed Deposit of Employees’ PF & ESIC

March 27, 2024 408 Views 0 comment Print

Read the full text of the order of ITAT Pune regarding the disallowance of late deposit of Employees’ share of PF and ESIC by Kothari Wheels vs DCIT.

State Government Loans not attracts Section 43B(d) disallowance: ITAT Pune

March 22, 2024 165 Views 0 comment Print

In Tokai Sahakari Sakhar Karkhana Ltd vs ITO (ITAT Pune), ITAT rules that loan received from State Government is not subject to S.43B(d) of Income Tax Act, 1961. Full text analysis here.

Interest & Dividend from Investments between Co-op Societies Eligible for Section 80P(2)(D) Deduction

March 21, 2024 492 Views 0 comment Print

In a case between Konkan Education Society Sevak Sahakari Patpedhi Ltd and ITO, ITAT Pune rules interest & dividend from cooperative investment deductible under Income Tax Act.

Absence of thorough verification of origin of cash funds: ITAT directs re-adjudication

March 21, 2024 315 Views 0 comment Print

Explore the case of Shantabai Jasraj Lodha challenging additions made by CIT(A) – NFAC regarding a Rs.20 lakhs deposit during demonetization. Analysis reveals discrepancies and remand for further verification.

ITAT Criticizes AO for Hasty 200% Penalty Imposition without application of Mind

March 19, 2024 492 Views 0 comment Print

Analysis of ITAT Pune’s criticism of the Assessing Officer’s hasty penalty imposition at a 200% rate without proper application of mind in the Adinath Vasantrao Wandhekar case

ITAT Pune Directs Readjudication: 80G Exemption Application

March 18, 2024 315 Views 0 comment Print

ITAT Pune remands Sanj Sawali Care Foundation’s 80G exemption application to CIT(E) for reevaluation after failure to produce documentary evidence. Details here.

Appellate Authority can Entertain Additional Claims during Assessment Proceedings

March 18, 2024 333 Views 0 comment Print

There is no bar on appellate authority to entertain additional claim during assessment proceedings in absence of any statutory provisions.

ITAT Clarifies Section 80G Requirements: 6-Month Application Rule

March 10, 2024 2076 Views 0 comment Print

ITAT Pune allows appeal by Kailash Math Trust against CIT decision, stating application for 80G approval filed within prescribed time limit. Full order analysis.

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May 2024