The ITAT Patna ruled that an assessee’s investment in property cannot be taxed as unexplained in the year of registration if the full payment was made in the previous financial year.
The ITAT Hyderabad dismissed an appeal by an assessee due to an inordinate delay of over six years, finding the reasons provided for the delay to be insufficient and lacking credible evidence.
The ITAT Bangalore deleted additions and expense disallowance for an agriculturist, holding that they are not required to maintain books and their substantiated agricultural income cannot be treated as unexplained.
The ITAT Hyderabad ruled that a penalty for under-reported income was invalid because the assessing officer made no fresh additions beyond the disallowance already made by the CPC.
The ITAT Hyderabad ruled that a registered document’s operative date is its signing and presentation for registration, not scanning, invalidating the tax authority’s reopening of assessment for AY 2017-18.
The Supreme Court of India has issued strict, time-bound orders for all states to implement the PoSH Act by forming Local and Internal Committees.
The Supreme Court of India dismissed a Special Leave Petition by the ACIT against a taxpayer, citing a department concession in a previous, related case.
The Karnataka High Court has quashed a penalty order against a taxpayer, directing the tax authorities to verify if a valid appeal was filed before proceeding.
Supreme Court disposes NFRA case against Charmi M Shah, permitting objections to Show Cause Notice within four weeks; no coercive steps until NFRA issues order.
The ITAT upheld the denial of 80G registration to a trust, ruling that a trust with explicit religious objects in its deed does not qualify for tax benefits.
