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

Ex-Gratia Payment to Prematurely retiring Employees Deductible even in the absence of a Scheme: ITAT [Read Order]

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The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the amount of ex-gratia payment to the prematurely retiring employees can be...

No Deemed Dividend If Assessee was not a Shareholder at the Time of Advance: ITAT [Read Order]

Re-Assessment on the basis of Documents already in hand of AO not Valid: ITAT [Read Order]

Vagueness and Ambiguity in recording of Satisfaction would nullify Penalty Proceedings: ITAT [Read...

Growing Hybrid Seeds is Agricultural Activity: ITAT allows Tax Exemption [Read Order]

Deduction can’t be denied on ground that Entire Agricultural Land not used for Cultivation: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune has held that the provisions of Section 54B of the Income Tax Act cannot be denied for the reason that the entire agricultural land should be used for...

Unsold Flats / Bunglows can’t be Taxed on Notional Basis from Developer: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the developer cannot be liable to pay income tax on the deemed rent from the unsold flats/ bungalows since the same is treated as...

Deities are Assessable as per Tax Rates applicable to Individuals: ITAT [Read Order]

The Pune ITAT, in a recent ruling, held that the tax rates applicable to individuals are also applicable to deities under the income tax law. The assessee is a Trust formed in 1968 and the object of...

Revisional Jurisdiction can’t be invoked against an Illegal Re-Assessment Order: ITAT [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the revisional jurisdiction under section 263 of the Income Tax Act cannot be invoked by the Commissioner if the assessment in...

Revisional Jurisdiction can’t be exercised on an Issue not covered in Re-Assessment: ITAT [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the Commissioner of Income Tax cannot invoke revisional jurisdiction under Section 263 of the Income Tax Act in respect on an...

Builder not liable to pay Deemed Rent on Unsold Flats: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that since the unsold flats amount to stock-in-trade in the hands of the builder, no deemed rent can be derived from the same under the...

Purchase of Licensed Software not Royalty under both Income Tax Act and Indo-USA DTAA: ITAT [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the purchase of the licensed software would not amount to royalty and under the Income Tax Act, 1961 and the Double Taxation...

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