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
![Income of Hire Charges cant be earned without incurring Expenditure, Disallowance of Expenditure not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-disallowance-of-expenditure-sustainable-ITAT-Taxscan.jpg "Income of Hire Charges cant be earned without incurring Expenditure, Disallowance of Expenditure not sustainable: ITAT [Read Order]")
Income of Hire Charges can't be earned without incurring Expenditure, Disallowance of Expenditure not sustainable: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) has held that income of hire charges can’t be earned without incurring expenditure and...
![Penalty u/s 271 alone will not Stand after Deletion of 54F Disallowance: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Disallowance-ITAT-taxscan.jpg "Penalty u/s 271 alone will not Stand after Deletion of 54F Disallowance: ITAT [Read Order]")
![Penalty u/s 271 can’t be invoked in absence of relevant record on inaccurate particulars: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Penalty-relevant-record-inaccurate-particulars-ITAT-Taxscan.jpg "Penalty u/s 271 can’t be invoked in absence of relevant record on inaccurate particulars: ITAT [Read Order]")
![Product Development Charges on existing Businesses can be treated as Revenue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Product-development-charges-businesses-revenue-ITAT-Taxscan.jpeg "Product Development Charges on existing Businesses can be treated as Revenue: ITAT [Read Order]")
![Cash Transactions of Accepting Loans and Repayments due to Pressing Requirements: ITAT deletes Penalty for Establishing Reasonable Cause [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Cash-Transactions-Loans-Repayments-Pressing-Requirements-ITAT-Penalty-Reasonable-Cause-Taxscan.jpeg "Cash Transactions of Accepting Loans and Repayments due to Pressing Requirements: ITAT deletes Penalty for Establishing Reasonable Cause [Read Order]")
Income from Sale Trading is Business Income as Claimed by Assessee in Previous Years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the income from share transactions shall be treated as business income under the provisions of the Income Tax Act, 1961 since the...
![Income from Sale Trading is Business Income as Claimed by Assessee in Previous Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Sale-Trading-Business-Income-Assessee-Previous-Years-ITAT-Taxscan.jpeg "Income from Sale Trading is Business Income as Claimed by Assessee in Previous Years: ITAT [Read Order]")
![Depreciation u/s 32 not allowable to Car received as Gift to Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Depreciation-Car-Gift-ITAT-Taxscan.jpeg "Depreciation u/s 32 not allowable to Car received as Gift to Firm: ITAT [Read Order]")
Difference in Share of Profit treated as ‘Income from Other Sources’: ITAT holds difference due to Mistake, Deletes Addition
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) in the issue of difference in the share of profit treated as ‘Income from other sources, held that difference was due to mistake and...
![Deduction u/s 35 (2AB) can invoke only for expenditure incurred R&D facility inside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Deduction-expenditure-RD-facility-inside-India-ITAT-Taxscan.jpeg "Deduction u/s 35 (2AB) can invoke only for expenditure incurred R&D facility inside India: ITAT [Read Order]")
Income Tax Penalty cannot be levied on Voluntarily Surrendered Income during Survey: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the income tax penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be levied on assessee since he surrendered the...
![Income Tax Penalty cannot be levied on Voluntarily Surrendered Income during Survey: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Penalty-levied-Voluntarily-surrendered-Income-Survey-ITAT-Taxscan.jpg "Income Tax Penalty cannot be levied on Voluntarily Surrendered Income during Survey: ITAT [Read Order]")
Sec 269T of Income Tax Act restricting Cash Transactions above Rs. 20,000 not applicable to Repayment of Loans: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri R.S. Syal, Vice President and Shri Partha Sarathi Chaudhury, Judicial Member, has held that the provisions of section 269T...
![Sec 269T of Income Tax Act restricting Cash Transactions above Rs. 20,000 not applicable to Repayment of Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Act-Cash-Transactions-Repayment-of-Loans-ITAT-Taxscan.jpg "Sec 269T of Income Tax Act restricting Cash Transactions above Rs. 20,000 not applicable to Repayment of Loans: ITAT [Read Order]")
![Development Expenditure on Sale of Land not Deductible without Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Development-Expenditure-Sale-of-Land-Deductible-Evidence-ITAT-Taxscan.jpeg "Development Expenditure on Sale of Land not Deductible without Evidence: ITAT [Read Order]")