ITAT Pune sets aside CPC’s order, ruling that Akshay Malu’s return under the old tax regime is valid, despite filing Form 10-IE for the new regime.
ITAT Pune held that deduction under section 54F of the Income Tax Act admissible even if assessee is shareholder in developing company and sale deed has been executed after a period of two years. Accordingly, appeal of revenue dismissed.
ITAT Pune sets aside an ex-parte order against Ahmednagar Auto citing COVID-related non-compliance as a valid reason for non-appearance. Case remanded for review.
ITAT Pune allows final chance for a charitable trust to present case before CIT (Exemption) after registration rejection, emphasizing fair hearing.
In the matter abovementioned ITAT Pune after relying upon the decision of jurisdictional HC held that assessee was eligible for deduction u/sec.80P(2)(a) (i) on the Interest earned by assessee.
ITAT Pune condones 180-day delay in appeal filing for FY 2010-11, citing civil cases, financial struggles, and health issues. Case remanded for merit-based review.
ITAT Pune remands the case of Prakash Dipchand Kapadnis, instructing NFAC to reconsider the addition of gross receipts instead of net income for AY 2013-14.
An amendment to the agreement on September 24, 2014, revised the terms of consideration. Assessee argued that possession of the property was never transferred as evidenced by ownership documents like the 7/12 extract and electricity bills.
ITAT Pune held that addition toward unexplained expenditure is liable to be deleted since assessee inadvertently mentioned ‘commission expense’ instead of actual ‘construction expenses. Accordingly, appeal allowed.
The assessee filed return for AY 2017-18 declaring Nil income after claiming deduction under Chapter VIA at Rs.13,48,854/- while claiming business loss at Rs.3,56,511/-. Case was selected for scrutiny.
