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Pune bench

Survey Statement alone cannot Justify Bogus Purchase Additions: ITAT Deletes ₹3.60 Cr Addition u/s 68 [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that additions under Section 68 of the Income Tax Act, 1961 cannot be sustained...

ITAT Grants Cummins India ₹210 Cr Relief, Deletes ₹12.7 Cr TP Adjustment, Upholds 10AA & 80JJAA...

ITAT Dismisses Revenue Appeal on ‘Additional Evidence’ Ground, Upholds CIT(A) Direction for Full...

Interest-Free Funds Presumption: ITAT Deletes ₹28.78 Lakh 14A Interest Disallowance for Co-op Bank...

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

Cash Deposit out of Gold Loan during Demonetization, duly Explained: ITAT deletes Addition [Read Order]

The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside the appellate order and deleted the addition made by the Assessing Officer(AO) of considering gold loan amount as...

Failure of Assessee to offer Income on sale of Residential House neither in Original ITR or Return filed in response to Notice u/s 148: ITAT sustains Addition [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) sustained the addition and held that the failure of the assessee to offer income on the sale of the residential house neither in the...

Assessment Order without DIN in body violating CBDT circular is Invalid and Treats as never been Issued: ITAT [Read Order]

The Pune bench of the Income Tax Appellate Tribunal ruled that an assessment order lacking the Document Identification Number (DIN) within the body of the order violates the Circular of the Central...

Interest Income earned by Cooperative Bank on Investments made with other Cooperative Bank is eligible for Deduction u/s 80P(2)(a)(i) Income Tax Act: ITAT deletes Revision Order [Read Order]

The Income Tax Appellate Tribunal (ITAT) Pune Bench while deleting the revision order passed under Section 263 of Income Tax Act, 1961 held that interest income earned by cooperative bank on...

AO fails to Communicate reason to Hold Income Under-reported: ITAT quashes 200% Penalty [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that Assessing officer's failure in proper communication of specific circumstance to the assessee resulted in violation of the...

Rejection of Application for Registration u/s 80G of Income Tax Act Without Granting Proper Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the rejection of the registration application under section 80G of the Income Tax Act,1961...

Non-granting of Deduction u/s.80P of Income Tax Act of Earned Interest Income due to Utilisation of Income for Non Business Activities : ITAT Directs Re-adjudication [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the rejection of the claim of deduction under section 80P of the Income Tax Act,1961 due to...