Courts: ITAT Pune
Find latest ITAT Pune judgments, orders and case laws on income tax covering assessments, deductions, transfer pricing, capital gains, TDS, reassessment and penalties.
Section 80P(2)(a)(i) deductions allowed on interest from nationalized bank deposits to Co.op. Credit societies
Sale of sugar to members at concessional rate vis-à-vis appropriation of profit needs reconsideration
Penalty u/s 271AAA leviable on failure to substantiate source & manner of undisclosed income
Late fee u/s 234E leviable prospectively from 01.06.2015
Penalty u/s 271(1)(c) leviable on additional income disclosed out of seized material
Amendment in section 155(19) to be considered while dealing with excess sugar cane price above FRP
Default in Furnishing TDS Statement: Section 200A applicable from June 2015
Interest on NPAs not taxable on accrual basis
Addition of difference of turnover in audit report and ITR sustained as no proper justification offered
Enhanced cost not substantiated with cogent evidence not allowable as cost of acquisition
PCIT cannot invoke section 263 for mere non-satisfaction with conclusion arrived by AO
Proceedings u/s 263 sustained as AO failed to apply proper and correct section of Income Tax Act
Use of vehicles by directors/employees cannot be treated as personal use by company
No Deemed Rent Addition for Unsold Flats declared as Stock In Trade
ITAT Pune judgments and orders cover a broad range of income-tax controversies involving individuals, businesses and corporate taxpayers. This TaxGuru page compiles decisions relating to assessments, additions, deductions, exemptions, business income, capital gains, transfer pricing, international taxation, TDS, reassessment, unexplained income, penalties and procedural issues. Chartered Accountants, advocates, companies and other tax professionals can use this collection to research ITAT Pune precedents and follow developments in direct tax jurisprudence. The page includes recent and significant earlier Tribunal decisions published on TaxGuru for convenient income-tax case-law research.
