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

Benefit of S. 11 would not be denied on the Entire Income of Trust on Ground of Investments in Mutual Funds: ITAT Pune [Read Order]

Taxscan Team

In a recent ruling, the Pune bench of the ITAT held that the benefit of section 11 of the Income Tax Act would not be denied on the entire income of a...

Sale of SIM cards/Recharge Coupons at discounted rate to distributors is not ‘Commission’: ITAT Pune...

Addition on Account of Unexplained Cash Credits merely on the basis of Bank Pass Book is invalid:...

Addition on the Basis of Estimation cannot be a Ground for imposing Penalty: ITAT Pune [Read Order]

Late Fee cannot be levied in respect of TDS Statements filed before 01.06.2015: ITAT Pune [Read...

VAT Refund is Deductible from Taxable Income: ITAT Pune [Read Order]

In a recent ruling, the division bench of the ITAT, Pune held that VAT refund granted to the assessee is allowable as deduction under the provisions of the Income Tax Act, 1961. The assessee, in the...

Amount Paid under Compromise Decree is Deductible from Business Income: ITAT Pune [Read Order]

ITAT allows expenditure on amount paid for settlement of suit on copyright violation to Microsoft Company. The Pune bench of the Income Tax Appellate Tribunal, in recent case held that the amount...

Compensation paid to Buyers of Flats is Deductible as Business Expenditure of the Developer: ITAT Pune [Read Order]

In a recent decision, the Pune bench of the Income Tax Appellate Tribunal held that the compensation paid to the buyer for delayed possession of flat is business expense and therefore, it is...

Liberal Approach in Imposing Penalty: ITAT Pune deletes Penalty for Cash Loans effected in Good Faith [Read Order]

While adopting a liberal approach in interpreting the term “reasonable cause”under section 271D and 271E of the Income Tax act, 1961, the ITAT, Pune bench held that penalty under these provisions...