If any assessment proceedings are to be initiated by AO by relying on any information found during search action conducted on third party, then the Dept must resort to special provisions of section 153C and notice issued u/s 148 in such scenario is bad in law.
ITAT Pune rules penalty cannot be levied under Section 270A if assessee, unaware of consultant’s fraud, paid tax before Section 148 notice, demonstrating good faith.
Ramesh Shankarrao Wagh’s appeal to ITAT Pune addresses the delayed filing of Form 3CFA for Section 115BBF patent income tax relief. The Tribunal’s decision, influenced by judicial precedents, remands the case for re-evaluation.
ITAT Pune upholds a penalty imposed under Section 271(1)(b) of the Income Tax Act for a taxpayer’s failure to comply with statutory notices from the Assessing Officer.
ITAT Pune voids a CIT(A) order issued in the name of a deceased taxpayer and without sharing a crucial remand report, restoring the case for a fresh hearing.
ITAT Pune deletes an LTCG addition and penalty, ruling that a woman who signed as a ‘consenting party’ to her husband’s property sale cannot be taxed on the transaction.
ITAT Pune has ruled that an appellate order passed in the name of a deceased individual is invalid. The Tribunal set aside the order and remanded the matter to be heard afresh in the legal heir’s name.
ITAT Pune upholds the deletion of a Rs.1.06 crore addition to a co-operative society’s income, ruling that the cash deposits were explained by daily member savings.
The ITAT Pune has quashed a reassessment notice for AY 2015-16, citing the Supreme Court’s concession that notices issued after April 1, 2021 are time-barred and invalid.
ITAT Pune dismisses an assessee’s appeals, confirming that interest on borrowed capital used to compensate tenants for relinquishing their rights is not deductible under Section 24(b) of the Income Tax Act.
