Delhi ITAT confirms that a private trust with identifiable beneficiaries is eligible for the capital gains exemption under Section 54F, similar to an individual.
Chennai’s ITAT rules that interest paid on a loan by a charitable trust is a valid ‘application of income,’ setting aside a tax disallowance of over Rs. 10 lakh.
ITAT Ranchi deleted a ₹10.42 lakh addition on cash deposits during demonetization, holding they were explained from prior bank withdrawals.
The Allahabad High Court ruled that a single E-Way Bill is valid for multiple invoices, stating minor technical errors should not result in penalties for tax evasion.
Chennai ITAT rules in favor of a taxpayer, deleting a ₹2.26 lakh bonus disallowance after a new CA certificate confirmed an error in the original audit report.
Ahmedabad ITAT overturns a tax disallowance of Rs. 6.78 lakh in cash deposits, accepting a farmer’s claim of income from agriculture, transportation, and family savings.
Somabhai Mohandas Patel Vs ITO (ITAT Ahmedabad) The case of Somabhai Mohandas Patel vs. ITO before the Income Tax Appellate Tribunal (ITAT) in Ahmedabad involved an appeal by a taxpayer, Somabhai Mohandas Patel, against an order passed by the National Faceless Appeal Centre (NFAC) upholding the addition of ₹10,33,012 to his income. This addition was made […]
The Allahabad High Court has stayed coercive action against Varun Enterprises, who was penalized for not including a “biltee” number on tax invoices.
The Andhra Pradesh High Court ruled that a GST assessment order is invalid and can be challenged if it lacks a Document Identification Number (DIN), even after an appeal is rejected.
ITAT Bangalore held that non-compliance with tax notices due to notices being sent to wrong email IDs and the demise of the assessee’s Chartered Accountant constitutes sufficient cause. The issue was restored to the AO for fresh adjudication
