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
![S.50C (1) cannot be invoked in case of Transfer of Leasehold Right: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Transfer-of-Leasehold-Right-ITAT-Income-Tax-Leasehold-Right-Tax-taxscan-.jpg "S.50C (1) cannot be invoked in case of Transfer of Leasehold Right: ITAT [Read Order]")
S.50C (1) cannot be invoked in case of Transfer of Leasehold Right: ITAT [Read Order]
The Income Tax appellate tribunal (ITAT) in a case recently held that Section 50C (1) of the Income Tax Act 1961 cannot be invoked in case of...
![Beneficial Provision of S. 54B of Income Tax Act shall be Interpreted Liberally: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Act-Income-tax-ITAT-taxscan.jpg "Beneficial Provision of S. 54B of Income Tax Act shall be Interpreted Liberally: ITAT [Read Order]")
![Compensation on compulsory acquisition of land is exempted u/s 10(37): ITAT deletes income tax addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Compensation-on-compulsory-acquisition-of-land-ITAT-income-tax-addition-TAXSCAN.jpg "Compensation on compulsory acquisition of land is exempted u/s 10(37): ITAT deletes income tax addition [Read Order]")
![Failure to Carry Investigation by AO: ITAT discredits Seized Loose Papers as Dumb Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/investigation-AO-ITAT-loose-papers-dumb-documents-taxscan.jpeg "Failure to Carry Investigation by AO: ITAT discredits Seized Loose Papers as Dumb Documents [Read Order]")
![Any Action of Income Tax Dept Violating CBDT Instructions Untenable in Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Dept-CBDT-CBDT-Instructions-income-Tax-Law-ITAT-taxscan.jpg "Any Action of Income Tax Dept Violating CBDT Instructions Untenable in Law: ITAT [Read Order]")
“Reasonable and Effective Opportunities” should be given to Taxpayers during Income Tax Proceedings: ITAT [Read Order]
While relying on the landmark judgment of the Apex Court in the case of Maneka Gandhi v. Union of India, the Income Tax Appellate Tribunal (ITAT), Pune bench has held that the assessee should be...
![“Reasonable and Effective Opportunities” should be given to Taxpayers during Income Tax Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Reasonable-and-Effective-Opportunities-Taxpayers-Income-Tax-Proceedings-ITAT-Income-Tax-Income-taxscan-.jpg "“Reasonable and Effective Opportunities” should be given to Taxpayers during Income Tax Proceedings: ITAT [Read Order]")
Withholding Information to establish Genuineness of Transactions: ITAT dismisses Appeal holding Fraud [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench consisting of Inturi Rama Rao, Accountant Member and SS Viswanethra Ravi, Judicial Member dismissed appeal holding fraud as there was evidence of...
![Withholding Information to establish Genuineness of Transactions: ITAT dismisses Appeal holding Fraud [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Information-Genuineness-of-Transactions-ITAT-Fraud-TAXSCAN.jpg "Withholding Information to establish Genuineness of Transactions: ITAT dismisses Appeal holding Fraud [Read Order]")
![Profits from Transfer of Interest in Hydro Projects is Income from Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-in-Hydro-Projects-Profits-from-Transfer-of-Interest-Hydro-Projects-Transfer-of-Interest-income-from-Business-ITAT-taxscan.jpg "Profits from Transfer of Interest in Hydro Projects is Income from Business: ITAT [Read Order]")
Tangible Information to form belief of Escapement of Income: ITAT validates Re-Assessment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench validated re assessment on the ground that there was tangible information to form belief of escapement of income. The appellant, M/s. Minakshi...
![Tangible Information to form belief of Escapement of Income: ITAT validates Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Escapement-of-Income-ITAT-Re-Assessment-taxscan.jpg "Tangible Information to form belief of Escapement of Income: ITAT validates Re-Assessment [Read Order]")
Builder not liable to Pay Notional Rent on Residential Assets held as Stock-in-Trade: ITAT deletes Income Tax Addition [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition of notional rent in respect of residential assets held as stock-in-trade by the Builder is not valid. ...
![Builder not liable to Pay Notional Rent on Residential Assets held as Stock-in-Trade: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Builder-Residential-Assets-Notional-Rent-Notional-Rent-on-Residential-Assets-Stock-in-Trade-ITAT-Income-Tax-Addition-taxscan-.jpg "Builder not liable to Pay Notional Rent on Residential Assets held as Stock-in-Trade: ITAT deletes Income Tax Addition [Read Order]")
ITAT quashes Disallowance of Customs Duty Drawback written-off relating to preceding Assessment Years ‘as prior period item’ [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ), quashed disallowance of customs duty drawback written-off relating to preceding assessment years ‘as prior period item’. The grounds...
![ITAT quashes Disallowance of Customs Duty Drawback written-off relating to preceding Assessment Years ‘as prior period item’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Customs-Duty-Customs-Customs-Duty-Drawback-written-off-Assessment-Assessment-Years-Taxscan.jpg "ITAT quashes Disallowance of Customs Duty Drawback written-off relating to preceding Assessment Years ‘as prior period item’ [Read Order]")
Taxing of Bogus Purchase GP rate violates Income Tax Act,100% disallowance towards Bogus /Hawala Purchase is valid: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the Taxing of Bogus purchase GP rate violates Income Tax Act,100% disallowance towards Bogus /Hawala Purchase is valid. ...
![Taxing of Bogus Purchase GP rate violates Income Tax Act,100% disallowance towards Bogus /Hawala Purchase is valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Taxing-Bogus-Purchase-GP-rate-Income-Tax-Act-Income-Tax-Tax-Bogus-Hawala-Purchase-ITAT-taxscan.jpg "Taxing of Bogus Purchase GP rate violates Income Tax Act,100% disallowance towards Bogus /Hawala Purchase is valid: ITAT [Read Order]")