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
![Payment of Money to Retiring Partner is Capital Expenditure : ITAT Reverses CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Payment-of-Money-Payment-Money-Retiring-Partner-Capital-Expenditure-Expenditure-CITA-Order-ITAT-taxscan-1.jpg "Payment of Money to Retiring Partner is Capital Expenditure : ITAT Reverses CIT(A) Order [Read Order]")
Payment of Money to Retiring Partner is Capital Expenditure : ITAT Reverses CIT(A) Order [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that the amount paid to the retiring partner in terms of settlement arrived at between...
![Assessees case not being represented before authorities for registration of e-mail of replaced chartered accountant deserves another opportunity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessees-case-registration-e-mail-replaced-chartered-accountant-another-opportunity-ITAT-taxscan.jpg "Assessees case not being represented before authorities for registration of e-mail of replaced chartered accountant deserves another opportunity: ITAT [Read Order]")
![Change of Chartered Accountant resulted in Non-Receiving of Notices: ITAT grants another Opportunity to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Change-Chartered-Accountant-resulted-Non-Receiving-Notices-ITAT-grants-another-Opportunity-Assessee-taxscan.jpg "Change of Chartered Accountant resulted in Non-Receiving of Notices: ITAT grants another Opportunity to Assessee [Read Order]")
![Non delivery of possession to the purchaser by the date of filing of suit proves provisions U/S 2(47) not being applicable: ITAT upholds order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-delivery-possession-purchaser-date-of-filing-suit-proves-provisions-applicable-ITAT-order-CITA-TAXSCAN.jpg "Non delivery of possession to the purchaser by the date of filing of suit proves provisions U/S 2(47) not being applicable: ITAT upholds order of CIT(A) [Read Order]")
![Development of Commercial Project along with Residential Project: ITAT directs readjudication for claiming deduction u/s 80IB(10) Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Development-Development-of-Commercial-Project-Commercial-Project-ITAT-taxscan.jpg "Development of Commercial Project along with Residential Project: ITAT directs readjudication for claiming deduction u/s 80IB(10) Income Tax Act [Read Order]")
Failure to produce Audit Report in Form No. 3CEB required u/s 92E of Income Tax Act due to opinion of CA of Assessee Company: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune bench when deleting penalty imposed under Section 271AA of the Income Tax Act, 1961 held that the failure to produce the audit report by assessee in Form...
![Failure to produce Audit Report in Form No. 3CEB required u/s 92E of Income Tax Act due to opinion of CA of Assessee Company: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-Audit-Report-Income-Tax-Act-Assessee-Company-CA-ITAT-Penalty-taxscan.jpg "Failure to produce Audit Report in Form No. 3CEB required u/s 92E of Income Tax Act due to opinion of CA of Assessee Company: ITAT deletes Penalty [Read Order]")
![Non-Consideration Objections Raised by Assessee: ITAT upholds order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-Consideration-Objections-Raised-Assessee-ITAT-upholds-order-CITA-taxscan.jpeg "Non-Consideration Objections Raised by Assessee: ITAT upholds order of CIT(A) [Read Order]")
ITAT upholds Additions made on unaccounted Income received in Cash Towards Sale of Shares [Read Order]
The Income Tax Appellate Tribunal (ITAT ) Pune bench upheld the addition made on unaccounted income received in cash towards the sale of shares. There are no materials/documents on record to show...
![ITAT upholds Additions made on unaccounted Income received in Cash Towards Sale of Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-upholds-Additions-unaccounted-Income-Cash-Towards-Sale-of-Shares-Sale-of-Shares-ITAT-taxscan.jpg "ITAT upholds Additions made on unaccounted Income received in Cash Towards Sale of Shares [Read Order]")
Income Tax department travelled on wrong footing by holding remuneration of Partners as Salary Income: ITAT directs readjudication [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT), when ruling on the appeal, noted that the Income Tax Department had erred by classifying partners' remuneration as salary income. ...
![Income Tax department travelled on wrong footing by holding remuneration of Partners as Salary Income: ITAT directs readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-department-remuneration-of-Partners-Salary-Income-ITAT-directs-readjudication-taxscan.jpg "Income Tax department travelled on wrong footing by holding remuneration of Partners as Salary Income: ITAT directs readjudication [Read Order]")
Deduction towards Remuneration of Partners, Not covered within Scope of "Limited Scrutiny": ITAT Quashes Revision Order [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) quashed the revision order on the ground of deduction made towards the remuneration of partners which was not covered within the scope of...
![Deduction towards Remuneration of Partners, Not covered within Scope of Limited Scrutiny: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Deduction-towards-Remuneration-of-Partners-Not-covered-within-Scope-of-Limited-Scrutiny-ITAT-Quashes-Revision-Order-TAXSCAN.jpg "Deduction towards Remuneration of Partners, Not covered within Scope of Limited Scrutiny: ITAT Quashes Revision Order [Read Order]")
Scope of verification under 'Limited Scrutiny' Confined to Genuiness of Capital Gain, not Deduction Towards Remuneration to Partners: ITAT upholds Assessment Order [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that the case of the assessee was selected for Limited scrutiny (CASS) and the scope of verification was confined only to the genuineness...
![Scope of verification under Limited Scrutiny Confined to Genuiness of Capital Gain, not Deduction Towards Remuneration to Partners: ITAT upholds Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Scope-of-verification-Limited-Scrutiny-Genuiness-of-Capital-Gain-Deduction-Towards-Remuneration-to-Partners-ITAT-upholds-Assessment-Order-Deduction-taxscan.jpg "Scope of verification under Limited Scrutiny Confined to Genuiness of Capital Gain, not Deduction Towards Remuneration to Partners: ITAT upholds Assessment Order [Read Order]")
Conversion of loan amount into equity shares will not exonerate assessee from application of provisions U/S 56(2)(viib): ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that Conversion of loan amount into equity shares will not exonerate assessee from application of provisions under section 56(2)(viib)b...
![Conversion of loan amount into equity shares will not exonerate assessee from application of provisions U/S 56(2)(viib): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Conversion-of-loan-amount-equity-shares-exonerate-assessee-from-application-of-provisions-ITAT-taxscan.jpg "Conversion of loan amount into equity shares will not exonerate assessee from application of provisions U/S 56(2)(viib): ITAT [Read Order]")