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.
Valuation u/s 50C should be Preferably handed to the Valuation Officer in the event of dispute
Welfare bodies formed under state statute eligible for registration u/s 12AA despite charging fees for their services
Onus is on assessee to prove identity / creditworthiness of creditors & genuineness of transactions
Whether provisions of Section 206AA overrides provisions of Section 90(2) of Income-tax Act, 1961
Projected terrace area i.e. open to sky is not to be included in calculation of 'built-up area' for Sec. 80IB(10)(c)
Direct Stay Application to ITAT maintainable. Not necessary that lower authorities must be approached first
Partnership firm eligible for Sec. 54EC benefit despite investment in Individual name of Partners
Deduction U/s. 80IB(10) cannot be denied for mere delay in issue of completion certificate by Municipality
Extension U/s 80G(5) cannot be denied for violation of section 13
In case of conflict in judgment of non-jurisdictional High Courts, one in favour of assessee should be adopted
S. 14A Recording of satisfaction is pre-requisite for invoking rule 8D
Deduction U/s. 80-IB(10) available on additional income offered u/s 132(4) in return filed u/s 153A
Loss due to Confiscation of stock by Customs is allowable
Consistent losses show mistake/ absence of intention to evade taxes
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.
