Although in the tax statute the limitation was interpreted in strict manner but when the legislature itself had prescribed extended period of time after period of limitation then the Authority ought to have considered such aspect and examined the cause shown by the appellant.
ITAT Pune voids a CIT(A) order issued in the name of a deceased taxpayer and without sharing a crucial remand report, restoring the case for a fresh hearing.
ITAT Pune deletes an LTCG addition and penalty, ruling that a woman who signed as a ‘consenting party’ to her husband’s property sale cannot be taxed on the transaction.
ITAT Pune has ruled that an appellate order passed in the name of a deceased individual is invalid. The Tribunal set aside the order and remanded the matter to be heard afresh in the legal heir’s name.
ITAT Pune upholds the deletion of a Rs.1.06 crore addition to a co-operative society’s income, ruling that the cash deposits were explained by daily member savings.
Chhattisgarh High Court held that addition towards unaccounted sales based on estimated production yield is baseless and without any evidence/ material and accordingly is not sustainable in law. Accordingly, appeal of revenue dismissed.
Delhi High Court permitted petitioner to rectify DVAT returns for first quarter of 2013-14 by filing revised return for said periods to enable issuance of statutory ‘C’ Forms in respect of goods transferred under inter-State trade and commerce.
ITAT Indore remands a case to the CIT(E), ruling that a charitable-cum-religious trust can receive 80G approval if its religious expenses do not exceed 5% of its total income.
ITAT Jaipur rules that interest earned on a money-lending asset declared under IDS 2016 is not unexplained income and deletes the addition and tax under Section 115BBE.
The ITAT Pune has quashed a reassessment notice for AY 2015-16, citing the Supreme Court’s concession that notices issued after April 1, 2021 are time-barred and invalid.
