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

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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

Educational Trust’s Objects Genuine and Charitable Based on Documentary Evidence: ITAT quashes S. 12AB & S. 80G Registration Denial [Read Order]

Sandhra Suresh

The Pune bench of Income Tax Appellate Tribunal (ITAT) quashed the denial of registration under section 12AB and 80G by CIT(E) on the ground that...

Buyer’s TDS Error on Joint Ancestral Property Won’t Deny Father Full Credit: ITAT [Read Order]

Credit Card Payments Treated as Unexplained Investment u/s 69C:ITAT Deletes ₹21.69 Lakh Addition

Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes...

ITAT Grants Full TDS Credit of Rs. 13 Lakh on Jointly Held Ancestral Property Sale Following...

No Income Tax Penalty Leviable u/s 271D as Assessee did not Violate Section 296SS: ITAT Dismisses Appeal by Revenue [Read Order]

In a new development, the Pune bench of the Income Tax Appellate Tribunal (ITAT) dismissed an appeal filed by DCIT, Aurangabad against an order of CIT (A), Pune pertaining to Assessment Year...

ITAT Remands ₹2.81 Cr on Long-Term Capital Gains Addition Granting One More Opportunity to Assessee [Read Order]

The bench of the Income Tax Appellate Tribunal, Pune, set aside the ex-parte order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi [CIT(A)]. The Tribunal...

Applicability of 10% tolerance u/s 43CA: ITAT allows Retrospective Benefit, Sets Aside S.263 order [Read Order]

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) allowed retrospective benefit of 10% tolerance under section 43CA of Income Tax Act,1961 and set aside the section 263 order. Sai...

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

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 Rent Allowance (HRA) where the rent agreement stands...

STCG Claim on Shares Genuine as Purchase through Recognised Stock Exchange, Banking Channel, and Demat Proof Confirm Authenticity: ITAT deletes Addition [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld the genuineness of short-term capital gain (STCG) claimed by an assessee on the sale of shares, holding that when the...

Cash Deposit of ₹10 Lakh Claimed as Gift from Deceased Grandmother Lacked Evidence: ITAT Grants Partial Relief by Deleting ₹5 Lakh [Read Order]

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) partly allowed the appeal of the assessee, noting that the ₹10 lakh cash deposit claimed as a gift from his deceased grandmother lacked ...

AO shall not Proceed with Income Tax Assessment Proceedings within Four Weeks if AO Rejects Taxpayer's Objections: ITAT [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has quashed an assessment order framed within four weeks if the assessing officer rejected the assessee’s objections. The officer has to...