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

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ITAT Pune

ITAT Pune

Explore the latest ITAT Pune judgments, orders, and appellate decisions on direct tax matters from the Pune bench of the Income Tax Appellate Tribunal

HRA Claim Restricted to 50% as Rent Agreement in Joint Name with Brother, rules ITAT Despite Assessee Bearing Entire Rent [Read Order]

Navasree A.M

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Pune Bench, held that an assessee is entitled to claim only 50% deduction of House...

STCG Claim on Shares Genuine as Purchase through Recognised Stock Exchange, Banking Channel, and...

Cash Deposit of ₹10 Lakh Claimed as Gift from Deceased Grandmother Lacked Evidence: ITAT Grants...

AO shall not Proceed with Income Tax Assessment Proceedings within Four Weeks if AO Rejects...

ITAT Weekly Round-up

Addition on Excess Cane Price and Concessional Sugar Sale Remands for want of Evidence: ITAT directs Fresh Adjudication [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune, remanded appeals, considering (i) excess sugarcane price paid to members and (ii) sale of sugar at concessional rates to members by a cooperative...

Taxpreparer files ITR-U showing Higher Income without Taxpayer’s Knowledge as OTP Shared: ITAT Remands for Verification [Read Order]

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) remanded a matter for verification where a tax preparer filed an updated Income Tax Returns (ITR-U) showing higher income without the ...

Cash Deposits in Joint Account Declared in Wife’s ITR: ITAT Remits Matter as Individual Fails to Explain Source of Cash Deposits [Read Order]

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) remitted a matter involving cash deposits of ₹14,89,425 in a joint bank account declared in the wife’s income-tax return (ITR) after the ...

Assessment set aside as AO Failed to Enquire into ₹90.89L Payments: ITAT upholds Revision u/s 263, Making Order Erroneous and Prejudicial to Revenue [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the revisionary order under section 263 of the Income Tax Act, 1961, and held that the Assessing Officer (AO) failed to enquire...

Agreement Value at Booking Exceeded Stamp Duty Value: ITAT Deletes ₹38.69L Addition on Sale of 12 Flats as Section 43CA Not Applicable [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition of ₹38,69,867 made under section 43CA of the Income Tax Act, 1961, as the agreement value at the time of booking...

‘6kg & 7kg’ Cash Entries Not Proven as ₹13 Lakh: ITAT Reduces Addition to ₹1.30 Lakh Due to Lack of Corroboration [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has reduced an addition of ₹13 lakh made on account of cash entries described as “6kg” and “7kg” in seized papers and held that the...

₹14 Lakh Cash Loan Addition Deleted: ITAT Holds Seized Cheques Belong to Director Personally, Not Metarolls Ispat [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition of ₹14 lakh made under section 69A of the Income Tax Act, 1961 on account of alleged unexplained cash loans and...