Mumbai ITAT ruled in favor of Dosti Realty Limited, deleting a ₹2.06 Crore expense disallowance made under Section 154. The Tribunal held that the AO’s contradictory finding of “under assessment” invalidates rectification jurisdiction, and the expense, based on actual estimation, was not a contingent liability.
The ITAT Agra set aside the NFAC’s order confirming a Rs. 22,01,000/− cash deposit addition, citing the NFAC’s failure to follow earlier verification directions and admitting new legal grounds under the NTPC principle.
Delhi High Court upholds CESTAT’s refusal to impose higher penalty under Section 114AA on freight forwarder Mayank Gupta in Red Sandalwood export case, citing limited role.
ITAT Delhi allows Henna Industries’ appeal, deleting a Rs. 9.30 lakh disallowance made by the CPC under Section 143(1), confirming it was due to a clerical mistake in the tax audit report.
ITAT Ahmedabad restores the Rs. 41.02 lakh unexplained deposits case to the AO for de-novo assessment, allowing additional evidence and citing the assessee’s illiteracy.
The ITAT Pune condoned a 631-day delay citing financial seizure under the Mst. Katiji principle, restoring the appeal concerning Rs. 29 Lakh interest disallowance and ad-hoc cash addition back to the CIT(A) for a fresh de novo hearing.
ITAT Jabalpur dismissed the Revenue’s appeal regarding the eligibility of Section 80P deduction for a co-operative society’s Business Correspondent income, citing the CBDT’s revised monetary limit for appeals.
The ITAT Raipur condoned a 93-day delay citing the medical student’s hectic schedule and remanded the Rs. 11,82,000/− unexplained cash deposit addition under Section 69A to the CIT(A) for a de novo hearing.
In the case of Shobha Welfare Society Vs ITO, the Income Tax Appellate Tribunal (ITAT), Bangalore, partly allowed an appeal, challenging a Rs. 64,98,470 addition under Section 69A of the Income Tax Act.
ITAT Raipur ruled that the NFAC cannot dismiss a tax appeal solely for delay without examining its merits, citing CIT Vs. Premkumar Arjundas Luthra. Case remanded.
