ITAT Pune held that denial of exemption under section 10(23C) of the Income Tax Act for bonafide mistake of filing ITR-5 instead of correct ITR-7 not justifiable since the same is just a procedural technical mistake.
ITAT Pune remands Bandgar vs. ITO case for fresh adjudication on property valuation and income tax additions under sections 56(2)(vii)(b) & 69C.
ITAT Pune ruled that Rs. 1.02 crore in short-term capital gains was wrongly added to the taxpayer’s income, as it was already taxed under her husband’s return.
ITAT Pune ruled that Foreign Tax Credit (FTC) cannot be denied solely due to late Form 67 filing, as the requirement is directory, not mandatory.
ITAT Pune remands case after CIT(A) upholds TDS-related additions due to lack of proper hearing, directing reconsideration with adequate opportunity for the assessee.
ITAT Pune rules Form 10B filing not mandatory for Section 11/12 exemption claims, citing Gujarat High Court precedent, remands case for fresh assessment.
ITAT Pune allows patent drafting & translation expenses as revenue expenditure u/s 37, overturning lower authority’s capital expense classification.
ITAT Pune dismisses revenue appeal, upholding CIT(A)’s decision that a tax reassessment based on a cancelled PAN was invalid.
ITAT Pune rules no addition under Section 69 if investment source is disclosed in the balance sheet. Partial relief granted for unexplained cash deposits.
ITAT Pune rules that Section 12AA registration cannot be denied for typographical errors in application, ensuring fair opportunity and justice for applicants.
