ITAT Pune Judgments, Orders & News | Income Tax Appellate Tribunal

Top

Begin typing your search above and press return to search.

Home
»
ITAT Pune

Salaried Taxpayer Wins ₹1.46 Lakh Income Tax Penalty Case Despite Misreporting: Here’s How [Read Order]

Kavi Priya

In a recent ruling, the Pune Bench of the Income Tax Appellate Tribunal (ITAT) provided relief to a salaried taxpayer who was wrongly penalised for...

ITAT Scraps Rs. 14.2 Crore 'On-Money' Tax Demand: No Evidence Found Against Real Estate Firm [Read...

ITAT slashes Tax Demand on Builder LLP, Rejects 'On-Money' Extrapolation Due to Lack of Evidence...

Assessee Wins Appeal as ITAT Slams CIT(A) for Skipping Key Legal Challenge on Search-Based Notice...

ITAT Slashes Tax Demand: Pune Developer’s Rs.1.1 Cr Cash Deposits Partly Accepted as Business Income...

Interest on Enhanced Compensation is Contingent, Not Taxable Under Section 56(2)(viii) of the Income Tax Act: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench, has held that interest received on enhanced compensation is contingent in nature and, therefore, not taxable under Section 56(2)(viii) of the...

ITAT Rules in Favor of Co-op Society: Bank Interest Income Eligible for 80P Deduction [Read Order]

The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that interest income earned by primary co-operative societies from bank deposits qualifies for tax deduction under Section 80P(2)(a)(i),...

ITAT Strikes Down Reassessment Due to Wrong Authority’s Approval, Co-op Society Wins Appeal [Read Order]

The Pune Bench of Income Tax Appellate Tribunal (ITAT) quashed reassessment proceedings against a cooperative credit society after finding the tax department used an unauthorized officer's approval...

Satisfaction Note by the AO for S.153C Assessment Need to Be Recorded for Each AY: ITAT Quashes ₹2.11 Crore Addition Citing Combined Satisfaction Note [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the satisfaction note under Section 153C of the Income Tax Act, 1961, must be recorded separately for each assessment year and...

Notice Issued in wrong Email Id: ITAT Grants Opportunity to Substantiate Cash Deposit and Property Purchase [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) restored the matter with an opportunity to substantiate the source of cash deposits of Rs. 37,14,640 and the purchase of an immovable ...

Non‑Filing of Form 3CFA With Return u/s 115BBF: ITAT Sets Aside Order and Remands Matter to AO for Fresh Adjudication [Read Order]

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the order and remanded the matter to the Assessing Officer (AO) after finding that the denial of Section 115BBF of Income Tax...

ITAT rules in Favor of Jaggery Trader, holds No 40(a)(ia) Disallowance Where Tax already Paid on Interest Income [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench, has ruled in favor of a jaggery products trader, holding that no disallowance under Section 40(a)(ia) of the Income Tax Act, 1961, can be made...