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
Sale Consideration not accruing to the Assessee in the Year under Consideration but Extending to Many Years, not to be Computed as Short-Term Capital Gains: ITAT
The Income Tax Appellate Tribunal “SMC” Bench, Pune, has, while jointly considering two appeals filed on the same ground bydifferent assessees, held...
![Transfer Fee Paid in Connection with Transfer of Licence is Capital Expenditure and Hence Deductible From Taxable Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Transfer-Fee-Transfer-of-Licence-Capital-Expenditure-Taxable-Income-ITAT-taxscan.jpeg "Transfer Fee Paid in Connection with Transfer of Licence is Capital Expenditure and Hence Deductible From Taxable Income: ITAT [Read Order]")
![Assessment not to Exceed the Scope of Prescribed ‘Limited’ Scrutiny, Except as per the Due Process of Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessment-Scrutiny-Law-ITAT-taxscan.jpeg "Assessment not to Exceed the Scope of Prescribed ‘Limited’ Scrutiny, Except as per the Due Process of Law: ITAT [Read Order]")
![Royalty Expenditure is Revenue in Nature, Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Royalty-Expenditure-Revenue-Taxable-ITAT-TAXSCAN.jpg "Royalty Expenditure is Revenue in Nature, Taxable: ITAT [Read Order]")
![Relief to Ferrero India: ITAT holds on absence of international transaction determination of ALP not necessary [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Ferrero-India-ITAT-ALP-taxscan.jpeg "Relief to Ferrero India: ITAT holds on absence of international transaction determination of ALP not necessary [Read Order]")
Late Filing of Appeal on Advice from Consultant: ITAT refuses to Condone Delay of 807 days [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench refused to condone the delay of 807 days as there was a delay on the ground due to the late filing of an appeal on advice from a consultant. ...
![Late Filing of Appeal on Advice from Consultant: ITAT refuses to Condone Delay of 807 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/appeal-Consultant-ITAT-condone-delay-taxscan.jpg "Late Filing of Appeal on Advice from Consultant: ITAT refuses to Condone Delay of 807 days [Read Order]")
![Penalty can be levied only on Charges for which Penalty proceedings were initiated: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Penalty-proceedings-ITAT-taxscan.jpeg "Penalty can be levied only on Charges for which Penalty proceedings were initiated: ITAT [Read Order]")
Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that Capital gain arising from sale of land not receipts from business, thereby deleting penalty imposed under Section 271B of the Income Tax...
![Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Capital-gain-sale-of-land-business-ITAT-penalty-taxscan.jpg "Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]")
![Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Interest-Income-Tax-Deduction-ITAT-taxscan.jpeg "Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]")
Wastage of Oil due to Diesel and Petrol Tank breakage: ITAT deletes Disallowance as reasons for Wastage properly provided [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune deleted disallowance as reasons for wastage properly provided on wastage of oil due to Diesel and Petrol tank breakage. The assessee, M/s. Mohammad...
![Wastage of Oil due to Diesel and Petrol Tank breakage: ITAT deletes Disallowance as reasons for Wastage properly provided [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Wastage-of-oil-Diesel-and-Petrol-tank-breakage-ITAT-disallowance-taxscan.jpeg "Wastage of Oil due to Diesel and Petrol Tank breakage: ITAT deletes Disallowance as reasons for Wastage properly provided [Read Order]")
Application of Income from Surplus Funds for maintenance of Commercial Property for Charitable Purpose, liable to Exemption u/s 11: ITAT
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that the application of income from surplus funds on additions to building for charitable, liable to an exemption under Section 11 of Income...
![Container Freight Station can claim deduction u/s 80 1A (4): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Container-Freight-Station-deduction-ITAT-taxscan.jpg "Container Freight Station can claim deduction u/s 80 1A (4): ITAT [Read Order]")