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
![Overwhelming Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Business-Transactions-Income-Tax-ITAT-taxscan.jpg "Overwhelming Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT [Read Order]")
Overwhelming Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that the Overwhelming Genuine Business Transactions cannot be Disallowed under section...
![Co-Operative Bank Not Obliged to Deduct TDS on Interest Payments to Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Co-Operative-Bank-TDS-Interest-Payments-Members-ITAT-taxscan.jpg "Co-Operative Bank Not Obliged to Deduct TDS on Interest Payments to Members: ITAT [Read Order]")
![Proper filing of Form 10 manually with Income Tax Return: ITAT grants exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Form-10-Income-Tax-Return-ITAT-Income-Tax-Act-taxscan.jpg "Proper filing of Form 10 manually with Income Tax Return: ITAT grants exemption u/s 11 of Income Tax Act [Read Order]")
![Construction of House couldnt be Completed Within 3 years, ITAT denies Capital Gain Exemption under Section 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Construction-of-House-ITAT-Capital-Gain-Exemption-taxscan.jpg "Construction of House couldnt be Completed Within 3 years, ITAT denies Capital Gain Exemption under Section 54F [Read Order]")
Relief to Serum Institute of India, Corporate Guarantee cannot be treated on par with Bank Guarantees: ITAT upholds the order of CIT(A) [Read Order]
As a relief to the serum institute of India, the Pune Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that corporate guarantees cannot be treated on par with Bank Guarantees and upheld...
![Relief to Serum Institute of India, Corporate Guarantee cannot be treated on par with Bank Guarantees: ITAT upholds the order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Serum-Institute-of-India-Corporate-Guarantee-Bank-Guarantees-ITAT-CITA-taxscan.jpg "Relief to Serum Institute of India, Corporate Guarantee cannot be treated on par with Bank Guarantees: ITAT upholds the order of CIT(A) [Read Order]")
15% Depreciation allowable to Stainless steel tables, Stools, etc used for production of vaccines: ITAT grants Relief to Serum Institute of India [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the depreciation at 15 % to Serum Institute of India Ltd on products like Stainless steel tables, Stools, etc which are used for...
![15% Depreciation allowable to Stainless steel tables, Stools, etc used for production of vaccines: ITAT grants Relief to Serum Institute of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Depreciation-production-vaccines-ITAT-Serum-Institute-of-India-taxscan.jpg "15% Depreciation allowable to Stainless steel tables, Stools, etc used for production of vaccines: ITAT grants Relief to Serum Institute of India [Read Order]")
Relief to Serum Institute of India, Benefit of deduction u/s 10AA cannot be denied merely on ground that Goods not Exported outside India: ITAT [Read Order]
In the case of the Serum Institute of India, the Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of deduction under section 10AA of the Income Tax Act,1961 cannot be...
![Relief to Serum Institute of India, Benefit of deduction u/s 10AA cannot be denied merely on ground that Goods not Exported outside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Serum-Institute-of-India-Corporate-Guarantee-Bank-Guarantees-ITAT-taxscan.jpg "Relief to Serum Institute of India, Benefit of deduction u/s 10AA cannot be denied merely on ground that Goods not Exported outside India: ITAT [Read Order]")
Expenditure incurred on Foreign Travel by Director of Company to run Business allowable as Revenue Expenditure: ITAT grants Relief to Serum Institute of India [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to Serum Institute of India by allowing the expense incurred on foreign travel of the director and his wife of the...
![Expenditure incurred on Foreign Travel by Director of Company to run Business allowable as Revenue Expenditure: ITAT grants Relief to Serum Institute of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/foreign-travel-business-revenue-expenditure-ITAT-Serum-Institute-of-India-taxscan.jpg "Expenditure incurred on Foreign Travel by Director of Company to run Business allowable as Revenue Expenditure: ITAT grants Relief to Serum Institute of India [Read Order]")
Advance Pricing Agreement is applicable only for the specified period not exceeding five consecutive previous years: ITAT [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the Advance Pricing Agreement is applicable only for the specified period not exceeding five consecutive previous years...
![Advance Pricing Agreement is applicable only for the specified period not exceeding five consecutive previous years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Advance-Pricing-Agreement-ITAT-taxscan.jpg "Advance Pricing Agreement is applicable only for the specified period not exceeding five consecutive previous years: ITAT [Read Order]")
Due knowledge of Outcome for Withdrawal Application tendered before FAA: ITAT refuses to Condone delay for 239 days [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench refused to condone delay of 239 days as there was due knowledge of outcome for withdrawal application tendered before First Appellate Authority...
![Due knowledge of Outcome for Withdrawal Application tendered before FAA: ITAT refuses to Condone delay for 239 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/FAA-ITAT-Condone-delay-taxscan.jpeg "Due knowledge of Outcome for Withdrawal Application tendered before FAA: ITAT refuses to Condone delay for 239 days [Read Order]")
Exfacie delay in depositing TDS within due date: ITAT Upholds Proceedings against Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench dismissed appeal filed as there was ex facie delay in depositing TDS within due date. The assessee, Pandharpur Municipal Council is a Municipal...
![Exfacie delay in depositing TDS within due date: ITAT Upholds Proceedings against Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Exfacie-delay-TDS-ITAT-Appeal-taxscan.jpg "Exfacie delay in depositing TDS within due date: ITAT Upholds Proceedings against Assessee [Read Order]")