A summary of the ITAT Patna ruling in Sushila Sultania’s case, where the tribunal deleted a tax addition for long-term capital gains.
A summary of the ITAT Ahmedabad ruling on Roshniben Sumanlal Kapadia’s case, where the tribunal upheld an addition for bogus share trades.
The ITAT Ahmedabad set aside an ex-parte order against Shahnawaz Mustakkhan Pathan, ruling that the CIT(A) violated natural justice by sending hearing notices via email despite the assessee’s explicit request not to use that method. The case is now sent back for a fresh hearing.
ITAT Ahmedabad deletes a tax addition on Pushpakant Punjalal Chokshi, ruling that cash deposits in an HUF account can’t be taxed in an individual’s hands.
The ITAT Ahmedabad deleted a ₹10.61 lakh penalty against Snehalkumar Bhogilal Trivedi, ruling that a notice citing both under-reporting and misreporting of income was void due to ambiguity.
ITAT Raipur rules that mechanical or “rubber-stamp” approvals under Section 153D are invalid, requiring the approving authority to apply independent mind and provide case-specific reasoning.
ITAT Bangalore deletes an income tax addition for Maloo Constructions, ruling that purchases were not bogus despite a third-party report. The decision emphasizes that disallowances require more than mere suspicion and must be supported by independent inquiry.
Borrow at 12%, Lend at 5% ITAT Kolkata Partly Upholds Interest Disallowance – Interest-Free Funds Presumption Applied – ITAT Kolkata Remands Excess Disallowance for Verification
ITAT Hyderabad quashes the cancellation of John Foundation’s registration, ruling that the action was based on suspicion rather than evidence.
The ITAT Mumbai ruled that a penalty cannot be levied on additions made on an estimated basis. The case of Khodiyar Impex vs. ITO clarified that a 3% disallowance on alleged bogus purchases doesn’t constitute concealment of income.
