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
![ITAT upholds Penalty under Section 271AAA on Failure of Assessee to Substantiate Source and Manner of Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-upholds-Penalty-under-Section-271AAA-Substantiate-Source-and-Manner-of-Undisclosed-Income-TAXSCAN.jpg "ITAT upholds Penalty under Section 271AAA on Failure of Assessee to Substantiate Source and Manner of Undisclosed Income [Read Order]")
ITAT upholds Penalty under Section 271AAA on Failure of Assessee to Substantiate Source and Manner of Undisclosed Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, on failure of the assessee to substantiate the...
![Undisclosed Investments in Unaccounted Stock should be Taxed Separately: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Undisclosed-Investments-Unaccounted-Stock-Investments-Taxed-Separately-ITAT-Taxscan.jpg "Undisclosed Investments in Unaccounted Stock should be Taxed Separately: ITAT [Read Order]")
![Claim of Deduction on Freight Outward Expenses Allowable only on Submission of Actual Payment Details: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Claim-of-Deduction-Deduction-Freight-Outward-Expenses-Expenses-Actual-Payment-Details-Submission-of-Actual-Payment-Details-ITAT-Income-Tax-taxscan.jpg "Claim of Deduction on Freight Outward Expenses Allowable only on Submission of Actual Payment Details: ITAT [Read Order]")
![Default in Furnishing TDS Statement, Section 200A only applicable after 1st June 2015: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Default-in-furnishing-TDS-statement-furnishing-TDS-statement-TDS-TDS-statement-ITAT-Income-Tax-taxscan.jpg "Default in Furnishing TDS Statement, Section 200A only applicable after 1st June 2015: ITAT [Read Order]")
![Levy of Fees under Section 234E for Delayed Furnishing Unlawful in the Absence of Enabling Provision of Section 200A(1)(c): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Levy-of-Fees-Furnishing-Unlawful-Provision-ITAT-Taxscan.jpg "Levy of Fees under Section 234E for Delayed Furnishing Unlawful in the Absence of Enabling Provision of Section 200A(1)(c): ITAT [Read Order]")
No TDS u/s 194H of Income Tax Act for Expenditure claimed to have been Debited to Profit & Loss Account under head “Commission”: ITAT
The Pune Bench of the Income Tax Appellate Tribunal (ITAT), observed that no Tax Deduction at Source (TDS) deduction under Section 194H of the Income Tax Act, 1961 for expenditure claimed to have...
Sale Proceeds of Land introduced as Share Capital in AOP taxable u/s 45(3): ITAT upholds Addition of Suo Motu Offering for Tax [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, while upholding the addition of suo motu offering for tax, held that sale proceeds of land introduced...
![Sale Proceeds of Land introduced as Share Capital in AOP taxable u/s 45(3): ITAT upholds Addition of Suo Motu Offering for Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Sale-Proceeds-of-Land-Land-Share-Capital-AOP-taxable-ITAT-Suo-Motu-Offering-for-Tax-Suo-Motu-Tax-taxscan-.jpg "Sale Proceeds of Land introduced as Share Capital in AOP taxable u/s 45(3): ITAT upholds Addition of Suo Motu Offering for Tax [Read Order]")
ITAT allows Increase in Proportionate Capital Gains Deduction u/s 54F for Disallowance of Indexed Cost of Improvement: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has allowed increase in proportionate capital gain deduction under Section 54F of the Income Tax Act, 1961 for disallowance of index cost of...
![ITAT allows Increase in Proportionate Capital Gains Deduction u/s 54F for Disallowance of Indexed Cost of Improvement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Proportionate-Capital-Gains-Deduction-Disallowance-Indexed-Cost-of-Improvement-ITAT-TAXSCAN.jpg "ITAT allows Increase in Proportionate Capital Gains Deduction u/s 54F for Disallowance of Indexed Cost of Improvement: ITAT [Read Order]")
No addition can made u/s 23(4) of Act on Deemed Rent on Unsold Flats declared as Stock In Trade: ITAT [Read Order]
In a significant case the Pune bench of the Income Tax Appellate Tribunal (ITAT) held that no addition could be made under Section 23(4) of Income Tax Act, 1961 on deemed rent on unsold flats...
![No addition can made u/s 23(4) of Act on Deemed Rent on Unsold Flats declared as Stock In Trade: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/u-s-234-Act-Deemed-Rent-on-Unsold-Flats-declared-as-Stock-In-Trade-ITAT-TAXSCAN.jpg "No addition can made u/s 23(4) of Act on Deemed Rent on Unsold Flats declared as Stock In Trade: ITAT [Read Order]")
Sale of Shop Below Market Price amounts to Fraud with Intention to Tax Evasion: ITAT upholds Disallowance of Loss [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the sale of shops below market price amounts to fraud to tax evasion and upheld the disallowances. Arihant Moti Developers,...
![Sale of Shop Below Market Price amounts to Fraud with Intention to Tax Evasion: ITAT upholds Disallowance of Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/SALEOF1.jpg "Sale of Shop Below Market Price amounts to Fraud with Intention to Tax Evasion: ITAT upholds Disallowance of Loss [Read Order]")
Revisional Jurisdiction cannot be Invoked if AO Adopted One of Two Plausible Views: ITAT upholds Assessment Order treating Unsold Flats as Closing Stock
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, while upholding an assessment order treating unsold flats as closing stock, held that revisional...
