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.
ITAT Pune -Domestic segment cannot be regarded as a comparable for the export segment
Invocation of s 263 unjustified where Commissioner intended to substitute his own view in place of that of the Assessing Officer without pointing out as to how the action of the Assessing Officer is erroneous in law or on facts
Disallowance for diverting interest bearing funds into tax-free income
Transfer Pricing – Disallowance of costs on ground that associated enterprises also benefited not permissible
Pune ITAT – Portfolio management (PMS) fees deductible in computing capital gains ; Shares PMS transaction gains are Short Term Capital Gain and not business profits
ITAT imposes costs for ‘recovery harassment’ on Assessing Officer
Deduction under Section 80-IA(4) available even to contractor who merely develops but does not operate & maintain the infrastructure facility
Transfer Pricing – If Arms Length Price determined by arithmetical mean, 5 percent deduction allowable
Document seized must not only be a ‘speaking one’ but also be prima facie ‘incriminating one’ for attracting sec. 153C
Section 115O(5) do not restrict the allowability of the claim u/s 80M
Date of Completion U/s. 80IB(10) when Municipality do not issue Completion Certificate
If noting incriminating found in the course of search relating to any of the A.Y., the assessments for such years could not be disturbed
While granting registration u/s 12AA Commissioner not expected to see other provisions of the Income Tax Act, 1961
Mere citing of Law laid down by SC before tribunal and non application of same cannot be said mistake apparent from the record
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.
