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.
Addition u/s 56(2)(vii)(b) sustained as immovable property received without consideration
CIT(A) considered issue not forming part of appeal – ITAT remit matter back to CIT(A)
Stamp value on agreement date should be applied for section 56(2)(vii)(b) if conditions fulfilled
Disallowance u/s 10B(7) r.w.s. 80IA(10) with material evidence is unsustainable
Ao allowed interest on Loan on wrong assumption of facts: Exercise of section 263 Jurisdiction Valid
Penalty cannot be imposed on declared income shown in return of income
ITAT restricts adhoc addition for freight expenses to 5%
Provisions of Deemed Dividend provisions not applicable to Advancement of Loan in Ordinary Course of Business
Taxability of Sale Consideration accruing in multiple Years on sale of plot as per development agreement
Homologation Expenditure is Revenue in Nature
Assessment cannot exceed prescribed ‘limited’ scrutiny scope except as per due process of law
In absence of International Transaction ALP Determination not necessary
Advice of Consultant not constitute sufficient cause to condone delay in appeal filing
Section 271(1)(c) Penalty proceedings initiated against Assessee cannot continue against Legal Heir
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.
