ITAT Nagpur dismisses revenue appeals against Maharashtra Urban Co-operative Credit Society Ltd, affirming its entitlement to Section 80P deductions on interest income from nominal members and bank deposits, distinguishing the Supreme Court’s Totgars’ Co-operative Sales Society Ltd ruling.
ITAT Kolkata held that Foreign Tax Credit cannot be denied for delayed filing of Form No. 67 since the provision of DTAA override the provision of Section 90 of the Act and also filing it is directory requirement and not mandatory requirement. Accordingly, appeal allowed.
ITAT Amritsar sends back Mata Bhuvaneshori Asthapan Committees 12A/80G registration plea, citing pending re-registration under new J&K laws.
ITAT Surat grants 80G approval to Jay Bhawani Mandhani Charitable Trust after a religious clause in its deed was struck down, validating its charitable nature.
Ahmedabad ITAT deletes Rs. 8.01 lakh income addition based on third-party disclosure, emphasizing the need for independent evidence and cross-examination.
CESTAT Hyderabad ruled that crude shea butter with high FFA content is not edible grade, denying customs duty exemption and upholding the original assessment.
Madras High Court has directed authorities to review BNBS Exports representation to remove risky exporter tag and sanction pending duty drawback and RoDTEP claims
CESTAT Ahmedabad has dismissed Customs duty and penalty demands against Sterling Generators (EOU), ruling the extended limitation period was not invokable due to full disclosure in records.
The Chhattisgarh High Court has upheld a Central GST show cause notice against South Eastern Coalfields Limited, clarifying that Section 6(2)(b) does not bar a notice without a prior adjudication.
The ITAT Mumbai has ruled that a company’s share of a partnership loss cannot be added back to its book profits under Section 115JB, clarifying the computation of book profits under the Income Tax Act.
