ITAT Pune ruled fee u/s 234E can’t apply for TDS returns processed before 01.06.2015; NFAC orders reversed in 14 cases of Utkarsh Balaso Patil.
The ITAT Pune restores a case for fresh assessment after an updated tax return was filed with errors by a consultant, ruling that a taxpayer cannot be taxed on income they did not earn.
The ITAT Pune has quashed a tax assessment order against Pramod Manikchand Dugad, ruling that the Assessing Officer violated a key judicial precedent by finalizing the assessment less than four weeks after rejecting the taxpayer’s objections.
ITAT Pune has granted partial relief to an assessee, deleting a ₹5 lakh disallowance related to an unexplained cash deposit. Tribunal, however, upheld disallowance of a ₹10 lakh cash gift, ruling that an unregistered gift deed with no witnesses was insufficient evidence, especially when donor was deceased.
ITAT Pune rules that PCIT cannot revise an assessment under Section 263 if the AO took a plausible view. The 10% tolerance limit under Section 43CA is retrospective.
Pune ITAT deletes disallowance of cash-based remuneration to partners and salaries to employees, finding no legal bar or evidence of inflated expenses.
ITAT Pune rules that failure to verify Section 54F deduction conditions makes an assessment order erroneous and prejudicial, upholding PCIT’s revisionary powers.
An ITAT Pune ruling confirms that domestic companies cannot use DTAAs to reduce Dividend Distribution Tax (DDT) under Section 115-O, as the tax is a levy on the company, not the shareholder.
The ITAT Pune has remitted the case of Mahesh Padmnabhrao Kashikar back to the CIT(A), allowing the individual a fresh chance to explain cash deposits in a joint bank account after previously failing to cooperate.
The ITAT Pune has remanded the case of Nazneen Parvez Memon, citing a tax preparer’s error that led to a drastically inflated income declaration without the assessee’s knowledge.
