Tribunal ruled that AO cannot treat cash recorded in audited books as unexplained merely because deposits were made during demonetisation or in instalments. Additions u/s 69A were deleted as cash balance was duly supported by business records.
The ITAT Jabalpur directed the CIT (Exemption) to reconsider the rejection of Mangalayatan University’s Section 80G approval. The Tribunal held that a rejection based on incomplete facts.
ITAT Jabalpur upholds CIT(A)’s deletion of addition u/s 68; holds that mere reliance on Investigation Wing report without independent verification is unsustainable.
Punjab & Haryana High Court ruled that undertakings obtained under duress have no legal value, ordering counting of past service for pension and regularisation.
ITAT Pune upheld CPC disallowance under section 36(1)(va) for delayed employee PF/ESI deposits, following Supreme Court ruling in Checkmate Services.
ITAT Pune set aside rejection of 12A registration after finding non-compliance was due to staff error; matter remanded to CIT(E) for fresh consideration.
ITAT, Pune, ruled in Manisha Dhananjay Holkar vs. ITO that CIT (Appeals) [CIT(A)] cannot dismiss an appeal solely due to appellant’s non-appearance.
ITAT Lucknow ruled that protective tax additions on ₹6.58 crore cash/jewellery in employees’ hands must be deleted after the real owner’s substantive assessment was finalized.
The ITAT ruled the PCIT cannot set aside an assessment u/s 263 for ‘inadequate inquiry’ without conducting an independent investigation to establish prejudice to the Revenue.
Pune ITAT voids 12A registration rejection as CIT(E) denied the trust a virtual hearing, citing a Bombay HC ruling on natural justice violation.
