Courts: ITAT Pune
Find latest ITAT Pune judgments, orders and case laws on income tax covering assessments, deductions, transfer pricing, capital gains, TDS, reassessment and penalties.
Section 263 order invalid if it covers Matter not part of Limited Scrutiny
ITAT disallows proportionate interest for Interest free advances given to sister concerns
Penalty U/s. 271AAA lieviable if Conditions precedent not satisfied
Exemption u/s. 10(23C)(v) eligible on addition under section 68
Reassessment Notice U/s. 148 merely on directions from JCIT or CIT is invalid
‘Right to collect toll’ being intangible asset eligible to depreciation U/s. 32(1)(ii)
HUF is eligible for Exemption under section 54B only w.e.f. 1-4-2013
Penalty proceedings liable to be quashed for Inconsistency in recording of satisfaction and levy of penalty
Depreciation eligible on Right to collect toll for specified period as it is intangible Asset
Remission under Deferral Sales Tax Scheme is Capital Receipt & not taxable
Expense on PF in respect of Contractual Labors is allowable
Section 40A(3): Cash Payment- Person means individual truck driver
Broken period interest is allowable as deduction
Surplus generation from charitable activities did not dis-entitle assessee from registration U/s. 12A
ITAT Pune judgments and orders cover a broad range of income-tax controversies involving individuals, businesses and corporate taxpayers. This TaxGuru page compiles decisions relating to assessments, additions, deductions, exemptions, business income, capital gains, transfer pricing, international taxation, TDS, reassessment, unexplained income, penalties and procedural issues. Chartered Accountants, advocates, companies and other tax professionals can use this collection to research ITAT Pune precedents and follow developments in direct tax jurisprudence. The page includes recent and significant earlier Tribunal decisions published on TaxGuru for convenient income-tax case-law research.
