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
![Audit Report not Filed within Stipulated Time Limit as Books not Given to Qualified CA:ITAT Upholds Penalty u/s 271B [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Audit-Report-Stipulated-Time-Limit-Time-Limit-not-Filed-within-Stipulated-Time-Limit-Books-not-Given-to-Qualified-CA-CA-Books-Qualified-CA-ITAT-Penalty-taxscan.jpg "Audit Report not Filed within Stipulated Time Limit as Books not Given to Qualified CA:ITAT Upholds Penalty u/s 271B [Read Order]")
Audit Report not Filed within Stipulated Time Limit as Books not Given to Qualified CA:ITAT Upholds Penalty u/s 271B [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has upheld the penalty under Section 271B of the Income Tax Act 1961 because the audit report...
![Change of opinion & Change in Method of Accounting by assessee not Deemed Concealment of income: ITAT upholds Deletion of Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Change-in-Method-of-Accounting-by-assessee-Deemed-Concealment-of-income-Concealment-of-income-ITAT-upholds-Deletion-of-Penalty-Deletion-of-Penalty-taxscan.jpg "Change of opinion & Change in Method of Accounting by assessee not Deemed Concealment of income: ITAT upholds Deletion of Penalty [Read Order]")
![Use of Vehicles by Directors / Employees as per Terms and Conditions of Employment is not Personal use: ITAT sets aside Disallowance of Vehicle Expenses Incurred [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Use-of-Vehicles-by-Directors-Terms-and-Conditions-of-Employment-Terms-and-Conditions-Employment-Personal-use-Employment-is-not-Personal-use-ITAT-Disallowance-of-Vehicle-Expenses-Disallowance-taxscan-1.jpg "Use of Vehicles by Directors / Employees as per Terms and Conditions of Employment is not Personal use: ITAT sets aside Disallowance of Vehicle Expenses Incurred [Read Order]")
![Section 69A of IT Act not applicable if Assessee has plausible Explanation regarding Source of Jewellery Found during Search : ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessee-plausible-Explanation-regarding-Source-of-Jewelry-Found-during-Search-ITAT-deletes-Addition-TAXSCAN.jpg "Section 69A of IT Act not applicable if Assessee has plausible Explanation regarding Source of Jewellery Found during Search : ITAT deletes Addition [Read Order]")
![Application for Registration u/s 80G(5)(vi) of IT Act not allowable, if Trust constructs Building deriving Funds from Trust on Land Owned by Trustees: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Application-for-Registration-IT-ActTrust-constructs-Building-deriving-Funds-from-Trust-on-Land-Owned-by-Trustees-ITAT-TAXSCAN.jpg "Application for Registration u/s 80G(5)(vi) of IT Act not allowable, if Trust constructs Building deriving Funds from Trust on Land Owned by Trustees: ITAT [Read Order]")
ITAT quashes Retrospective Determination of Annual Letting Value of Unsold Residential Units based on Prospective Amendment [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) recently quashed the retrospective determination of annual letting value of unsold residential units based on prospective amendment by the...
![ITAT quashes Retrospective Determination of Annual Letting Value of Unsold Residential Units based on Prospective Amendment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Retrospective-Determination-of-Annual-Letting-Value-of-Unsold-Residential-Units-based-on-Prospective-Amendment-TAXSCAN.jpg "ITAT quashes Retrospective Determination of Annual Letting Value of Unsold Residential Units based on Prospective Amendment [Read Order]")
Price paid by Sugar Cooperatives for Purchase of Sugar Cane Higher than FRP Allowable under Recent Amendment u/s 155(19):ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that price paid by sugar cooperatives for the purchase of sugar cane higher than the fair and remunerative price (FRP) would be...
![Price paid by Sugar Cooperatives for Purchase of Sugar Cane Higher than FRP Allowable under Recent Amendment u/s 155(19):ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Price-paid-by-Sugar-Cooperatives-Purchase-of-Sugar-Cane-FRP-Sugar-Cane-Recent-Amendment-Sugar-Cooperatives-ITAT-taxscan.jpg "Price paid by Sugar Cooperatives for Purchase of Sugar Cane Higher than FRP Allowable under Recent Amendment u/s 155(19):ITAT [Read Order]")
Relief to Bajaj Finance: Interest Income on NPAs Cannot be Taxed on Accrual Basis, rules ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to Bajaj Finance holding that the interest income on non-performing assets (NPA) could not be taxed on accrual basis. The...
![Relief to Bajaj Finance: Interest Income on NPAs Cannot be Taxed on Accrual Basis, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Bajaj-Finance-Interest-Income-on-NPAs-Interest-Income-NPAs-Taxed-ITAT-Income-Taxscan.jpg "Relief to Bajaj Finance: Interest Income on NPAs Cannot be Taxed on Accrual Basis, rules ITAT [Read Order]")
Price Incurred in Excess of FRP by Sugar Cooperatives for Sugar Cane Purchased Allowable as per Latest Amendment u/s 155(19): ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that price incurred in excess of fair and remunerative price (FRP) by sugar cooperatives for the sugarcane purchased is...
![Price Incurred in Excess of FRP by Sugar Cooperatives for Sugar Cane Purchased Allowable as per Latest Amendment u/s 155(19): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Price-Incurred-in-Excess-of-FRP-Sugar-Cooperatives-for-Sugar-Cane-Purchased-Allowable-as-per-Latest-Amendment-ITAT-TAXSCAN.jpg "Price Incurred in Excess of FRP by Sugar Cooperatives for Sugar Cane Purchased Allowable as per Latest Amendment u/s 155(19): ITAT [Read Order]")
Failure to file Audit Report through a Qualified CA: ITAT upholds Penalty u/s 271B of Income Tax Act [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has recently upheld a penalty under Section 271B of the Income Tax Act, 1961 as the assessee had failed to file the audit report through a...
![Failure to file Audit Report through a Qualified CA: ITAT upholds Penalty u/s 271B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Failure-to-file-Audit-Report-through-a-Qualified-CA-ITAT-upholds-Penalty-us-271B-of-Income-Tax-Act-TAXSCAN.jpg "Failure to file Audit Report through a Qualified CA: ITAT upholds Penalty u/s 271B of Income Tax Act [Read Order]")
Revision u/s 263 can be Invoked When the Assessment was Completed without Proper Enquiry: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that the revisional jurisdiction conferred under Section 263 of the Income Tax Act could be invoked even when the assessment order was...
![Revision u/s 263 can be Invoked When the Assessment was Completed without Proper Enquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Revision-Assessment-Completed-without-Proper-Enquiry-Proper-Enquiry-Enquiry-ITAT-Taxscan.jpg "Revision u/s 263 can be Invoked When the Assessment was Completed without Proper Enquiry: ITAT [Read Order]")
TDS Late Fees u/s 234E Leviable only Prospectively, Not Before 01/06//2015: ITAT deletes Penalty [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty holding that the late fee under Section 234E of the Income Tax Act 1961 regarding Tax Deducted at Source (TDS) could...
![TDS Late Fees u/s 234E Leviable only Prospectively, Not Before 01/06//2015: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/TDS-Late-Fees-Leviable-Prospectively-ITAT-deletes-Penalty-Penalty-ITAT-Income-Tax-taxscan-.jpg "TDS Late Fees u/s 234E Leviable only Prospectively, Not Before 01/06//2015: ITAT deletes Penalty [Read Order]")