ITAT Jaipur deletes an income addition based on a Form 26AS mismatch, ruling that entries from a wrong PAN were rectified and that form is not irrefutable proof of income.
ITAT Cochin dismissed a taxpayer’s appeal against an addition for unexplained house construction costs, stating DVO’s valuation must be challenged separately.
The ITAT Cochin has ruled that cash payments to the Kerala Electricity Board are not subject to disallowance under Section 40A(3), as the board is considered a government entity.
ITAT Cochin has sent a Rs. 5.56 crore demonetization cash deposit case back to the CIT(A) for re-adjudication, citing a lack of verification on sales and stock.
Madras High Court invalidates GST Notification No. 56/2023 impacting limitation periods. The court relied on a prior judgment and a Supreme Court order.
The ITAT Delhi ruled that a mechanical approval under Section 153D of the Income Tax Act, granted without proper application of mind for multiple years, makes the entire assessment invalid.
The ITAT Delhi ruled in favor of a taxpayer, stating that cash deposits were sufficiently explained by a positive cash book balance, shifting the burden of proof to the Revenue.
The ITAT Jaipur quashed a penalty under Section 271B for failure to get accounts audited, ruling that if a taxpayer did not maintain books, they cannot be penalized for not auditing them.
The ITAT Delhi has ruled that a new charitable institution is entitled to 12AB and 80G registration, stating that a lack of activities is not a valid reason for denial.
The ITAT Cochin ruled that registration under Section 12A cannot be canceled solely based on issues related to income tax assessments or minor operational details.
