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.
ITAT Pune held that excess sugarcane price paid to the members and sale of sugarcane at concessional rate needs fresh consideration and accordingly, the matter is restored back to the file of AO.
ITAT Pune held that ex-parte order sustaining addition under section 69A of the Income Tax Act on account of non-compliance on the part of the assessee not justified since relevant notice and order were served to old e-mail of the assessee. Accordingly, matter restored back to the file of AO.
ITAT Pune has granted a fresh hearing to an assessee, citing notices sent to a wrong email ID, allowing him to explain cash deposits and property purchases.
ITAT Pune remands Life Eternal Trust’s 80G application, directing CIT(E) to provide one more opportunity for the trust to submit evidence of its activities.
