ITAT Pune Judgments, Orders & News | Income Tax Appellate Tribunal

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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 Provision under “Profits and Gains from business or profession” deems Rent from Unsold Flats held as Stock as ‘Business income’: ITAT [Read Order]

Fathima Karama A.M

The Pune Bench of Income Tax Appellate Tribunal (ITAT) has upheld the decision of Commissioner of Income Tax (CIT(A) that there were no provisions...

VGA Digital Printers Eligible for Deduction in respect of Bad Debt from Reliance Communications:...

S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]

Repayment of Loan in Cash in excess of Rs.20,000: ITAT upholds Penalty u/s 271E of Income Tax Act...

S.50C (1) cannot be invoked in case of Transfer of Leasehold Right: ITAT [Read Order]

Beneficial Provision of S. 54B of Income Tax Act shall be Interpreted Liberally: ITAT [Read Order]

The Income Tax Appellate Tribunal, Pune Bench, has recently, in an appeal filed before it, held that the beneficial provision of section 54 B of the Income Tax Act shall be interpreted liberally. ...

Compensation on compulsory acquisition of land is exempted u/s 10(37): ITAT deletes income tax addition [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) deleted the income tax addition as the compensation on compulsory acquisition of land is exempted under section 10(37) of the Income Tax...

Failure to Carry Investigation by AO: ITAT discredits Seized Loose Papers as Dumb Documents [Read Order]

Income Tax Appellate Tribunal (ITAT), Pune discredited seized loose papers as dumb documents on the ground of failure to carry investigation by Assessing Officer (AO). A search and survey...

Any Action of Income Tax Dept Violating CBDT Instructions Untenable in Law: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that any action of the income tax department violating the instructions of the CBDT is untenable under the law. The appellant, Mrs....

“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...

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...

Profits from Transfer of Interest in Hydro Projects is Income from Business: ITAT [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) ruled that profits from transfer of interest in Hydro Projects is income from business. The assessee, M/s. Arch Hydro Power Projects Pvt....

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