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ITAT Pune

ITR Filed 2 Seconds Late due to Glitches in Income Tax portal: ITAT directs to Treat Filed in Time [Read Order]

Franklin Joshva

The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld the validity of an income tax return filed 2 seconds late due to technical...

Taxability of Employee Leave Encashment from Govt and Non-Govt Depts must be Examined Separately:...

CIT(A)'s Order Lacks Detailed Reasoning on Cash Book Discrepancies: ITAT Remands Matter to AO [Read...

Addition of Rs.41 Lakh in Demonetized Notes Treated as Unexplained Income Due to Deposits After...

Partial Relief for Piaggio: ITAT Directs Fresh TP Verification Due to Incorrect Uniform Margin...

Relief for Vodafone: ITAT Allows Inclusion of Foreign Exchange Gains as Operating Income in Transfer Pricing Adjustment [Read Order]

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Vodafone Global Services Private Limited by allowing the inclusion of foreign exchange gains as operating income in its ...

ITAT Upholds Reassessment Validity Citing TOLA, Reduces Scrap Sales Addition at 8% Profit Rate [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the validity of reassessment proceedings relying on the extended limitation period under the Taxation and Other Laws (Relaxation...

Late Fee Levy u/s 234E for TDS Returns Prior to June 2015 Invalid: ITAT [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) deleted the late fees imposed under Section 234E of the Income Tax Act, 1961, for the delayed filing of quarterly Tax Deducted at Source...

Unregistered Agreement Not Valid for Capital Gains: ITAT Deletes Rs. 30.5 Lakh and Rs. 2.3 Cr Additions for Property Transaction [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has set aside additions of Rs. 30.5 lakh under Section 56(vii)(b) and Rs. 2.3 crore as short-term capital gains, holding that an...

Non-Payment of Advance Tax Not Ground for Appeal Dismissal: ITAT Remands Case for Fresh Adjudication [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case involving an addition of Rs. 1,45,39,000 back to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh...

No Income Tax Addition Permissible in Unabated Assessment Without Incriminating Material Found During Search u/s 132: ITAT [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that no addition can be made under Section 153A in an unabated assessment where no incriminating material has been found during...

5 Hearings Missed including one During Covid Period: ITAT Grants Another Chance, Restores Matter to CIT(A) [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) granted relief to assessee who missed 5 hearings including one scheduled during covid period. The matter was restored to the Commissioner of...