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
![No Income Tax on Deemed Rent on Unsold Flats held by Builder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Tax-Deemed-Rent-Builder-ITAT-taxscan-1.jpg "No Income Tax on Deemed Rent on Unsold Flats held by Builder: ITAT [Read Order]")
No Income Tax on Deemed Rent on Unsold Flats held by Builder: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) has held that no income tax shall be levied on unsold flats held by a builder. The...
![CPC cannot go beyond Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/CPC-Income-Tax-Return-ITAT-Income-Tax-Taxscan.jpg "CPC cannot go beyond Income Tax Return: ITAT [Read Order]")
![Statutory Provisions of S. 244A of Income Tax Act cannot be Altered by CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Statutory-Provisions-Income-Tax-Act-CBDT-Circular-CBDT-ITAT-Income-Tax-taxscan-.jpg "Statutory Provisions of S. 244A of Income Tax Act cannot be Altered by CBDT Circular: ITAT [Read Order]")
![Non-Compliance with Communication u/s 143(1)(A) due to Technical Glitches in Income Tax Portal was Unintentional: ITAT quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Technical-Glitches-in-Income-Tax-Portal-Income-Tax-Income-Tax-Portal-ITAT-Proceedings-taxscan.jpg "Non-Compliance with Communication u/s 143(1)(A) due to Technical Glitches in Income Tax Portal was Unintentional: ITAT quashes Proceedings [Read Order]")
![A mere making claim which is not Sustainable by Law not amount to furnish inaccurate particulars of Income, No Penalty u/s 271(1)(c): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Penalty-Income-Tax-ITAT-taxscan.jpg "A mere making claim which is not Sustainable by Law not amount to furnish inaccurate particulars of Income, No Penalty u/s 271(1)(c): ITAT [Read Order]")
Builder Eligible for Income Tax Deduction u/s 37 in respect Compensation to Flat Buyers on Cancellation of Booking: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench recently held that builders are eligible for income tax deduction under section 37 of income tax act 1961 in respect of compensation to flat buyers...
![Builder Eligible for Income Tax Deduction u/s 37 in respect Compensation to Flat Buyers on Cancellation of Booking: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Builder-Income-Tax-Deduction-Compensation-Flat-Buyers-Cancellation-of-Booking-Income-Tax-Flat-Buyers-on-Cancellation-of-Booking-ITAT-taxscan.jpg "Builder Eligible for Income Tax Deduction u/s 37 in respect Compensation to Flat Buyers on Cancellation of Booking: ITAT [Read Order]")
Incentive under Rajasthan Investment Promotion Scheme 2010 is Capital Receipt, Not Taxable: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) recently held that Incentive under Rajasthan investment promotion scheme 2010 is capital receipt therefore it was not taxable. The aforesaid...
![Incentive under Rajasthan Investment Promotion Scheme 2010 is Capital Receipt, Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Incentive-Rajasthan-Investment-Promotion-Scheme-2010-Capital-Receipt-ITAT-Income-Tax-Investment-Promotion-Scheme-Rajasthan-Investment-Promotion-Scheme-taxscan-.jpg "Incentive under Rajasthan Investment Promotion Scheme 2010 is Capital Receipt, Not Taxable: ITAT [Read Order]")
Inaction of AO in Disposing Adjournment Petition: ITAT Deletes Penalty for Non-Compliance with Notice u/s 142(1) [Read Order]
Pune bench of Income Tax Appellate Tribunal ( ITAT ) chaired by Viswanethra Ravi (Judicial Member) and Inturi Rama Rao (Accountant Member) deleted the penalty for non-compliance with the notice...
![Inaction of AO in Disposing Adjournment Petition: ITAT Deletes Penalty for Non-Compliance with Notice u/s 142(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Adjournment-Petition-Petition-ITAT-Penalty-Notice-taxscan-1.jpg "Inaction of AO in Disposing Adjournment Petition: ITAT Deletes Penalty for Non-Compliance with Notice u/s 142(1) [Read Order]")
Failure to Audit Books of Account as per S. 44AB Not Bonafide Mistake when Assessee having Advice of Chartered Accountant : ITAT upholds Penalty [Read Order]
The Pune bench of Income Tax Appellate (ITAT) upheld the penalty imposed by the lower authorities under section 271B of the Income Tax Act, 1961. The bench stated that the assessee has been...
![Failure to Audit Books of Account as per S. 44AB Not Bonafide Mistake when Assessee having Advice of Chartered Accountant : ITAT upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Audit-Books-of-Account-Chartered-Accountant-ITAT-Income-tax-Penalty-Advice-of-Chartered-Accountant-taxscan.jpg "Failure to Audit Books of Account as per S. 44AB Not Bonafide Mistake when Assessee having Advice of Chartered Accountant : ITAT upholds Penalty [Read Order]")
Premium paid by Company towards Life Insurance Policy of Director in Individual Capacity Not “Business Expenditure”: ITAT [Read Order]
Income Tax Appellate Tribunal ( ITAT ) Pune Bench ruled that the premium paid by the company towards the Life Insurance Policy of the Director in individual capacity is not Business Expenditure. ...
![Premium paid by Company towards Life Insurance Policy of Director in Individual Capacity Not “Business Expenditure”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Premium-paid-Premium-Life-Insurance-Policy-Life-Insurance-Business-Expenditure-ITAT-Income-Tax-Tax-taxscan.jpg "Premium paid by Company towards Life Insurance Policy of Director in Individual Capacity Not “Business Expenditure”: ITAT [Read Order]")
Interest Allowable to Delay in Refund in case of Self-Assessed Tax u/s 244A(1) of Income Tax Act: ITAT [Read Order]
Pune bench of Income Tax Appellate Tribunal (ITAT) ruled that interest is allowed to delay in refund in self-assessment tax under section 244A(1) of Income Tax Act, 1961. The appeal was filed by...
![Interest Allowable to Delay in Refund in case of Self-Assessed Tax u/s 244A(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-Refund-Self-Assessed-Tax-us-244A1-Income-Tax-Act-ITAT-TAXSCAN.jpg "Interest Allowable to Delay in Refund in case of Self-Assessed Tax u/s 244A(1) of Income Tax Act: ITAT [Read Order]")
Children Providing Financial Support to Parents out of Moral Responsibility is Common Practice: ITAT deletes Addition [Read Order]
The Pune Branch of Income Tax Appellate Tribunal (ITAT) deleted the addition made by the Assessing Officer of ₹3,00,000 on the opinion that Children Providing Financial Support to Parents out of...
![Children Providing Financial Support to Parents out of Moral Responsibility is Common Practice: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Children-Providing-Financial-Parents-Moral-Responsibility-Common-Practice-ITAT-TAXSCAN.jpg "Children Providing Financial Support to Parents out of Moral Responsibility is Common Practice: ITAT deletes Addition [Read Order]")