ITAT Pune remands Mahaveer (I) Foundation Trust’s 12A registration denial. Assessee gets chance to provide evidence on loans, expenses, and charitable activities.
ITAT Pune held that entire cash deposits into the bank account cannot be treated as income, only profit element embedded in the same should be brought to tax. Thus, addition adopting 8% profit rate confirmed. Appeal of assessee is partly allowed.
ITAT Pune remands Sai Shikshan Prasarak Mandal’s exemption case (Sec 10(23C)(iiiad)) to CIT(A), citing lack of fair hearing. Delay condoned based on Supreme Court’s Katiji precedent.
ITAT Pune rules late fee u/s 234E for TDS returns prior to June 1, 2015, invalid, citing lack of legal mechanism before Finance Act 2015.
ITAT Pune rules that Foreign Tax Credit is admissible even with delayed Form 67 filing, citing precedents. It also held that dividend income from the USA should be taxed at 25% as per DTAA, not 30%.
Pune ITAT remands Sahyogh Nagri Sahkari Patsanstha Maryadit’s appeal, ruling non-payment of advance tax alone cannot dismiss an appeal; directs re-adjudication on merits.
ITAT Pune rules discretionary trusts pay surcharge at slab rates, not 37% maximum on dividend income, reversing CPC and CIT(A) orders.
TAT Pune ruled on Hotel Ayodhya’s appeal, clarifying that unabsorbed depreciation can be set off against income from other sources, overturning lower tax authorities’ decisions.
Pune ITAT remands Bhai Vaidya Foundation’s 12A registration appeal, granting one final opportunity to address non-compliance and correct form errors.
Pune ITAT remands Mangala Foundation’s 12AB and 80G applications to CIT (Exemption) for fresh consideration due to procedural issues and CA’s unavailability.
