Judgement

Court refuses writ relief, holding treaty taxability issues should be decided by ITAT.

High Court Avoids Prejudging Issues Already Pending Before ITAT

The ITAT Ahmedabad has deleted additions aggregating to Rs 9.97 lakh made towards unexplained cash deposits, as the assessee had satisfactorily explained the source of funds through agricultural income.

ITAT AHmedabad Deletes Additions on Cash Deposits After Accepting Agriculturist Assessee’s Explanation

ITAT Ahmedabad Deletes Additions on Cash Deposits After Accepting Agriculturist Assessee’s Explanation

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition made under Section 69A of the Income Tax Act, 1961, holding that cash deposits could not be treated as unexplained where the assessee establishes that the money is for relinquishing his share in an inherited house property

ITAT Deletes Addition Under Section 69A After Accepting Cash Received on Relinquishment of Property Rights

Tribunal holds rough electronic notings alone cannot support undisclosed income addition without corroboration.

ITAT Rejects Tax Addition Based on Unverified Search Data

Tribunal allows Section 80G deduction on eligible CSR donations and deletes Section 14A disallowance.

ITAT Allows Section 80G Deduction on Eligible CSR Donations

The Income Tax Appellate Tribunal (ITAT) Bangalore, has granted relief to Navi General Insurance Ltd. by deleting disallowances relating to amortisation of preliminary expenses under Section 35D and ESOP expenses claimed under Section 37(1).

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High Court Avoids Prejudging Issues Already Pending Before ITAT

ITAT Ahmedabad Deletes Additions on Cash Deposits After Accepting Agriculturist Assessee’s Explanation

ITAT Deletes Addition Under Section 69A After Accepting Cash Received on Relinquishment of Property Rights

ITAT Rejects Tax Addition Based on Unverified Search Data

ITAT Allows Section 80G Deduction on Eligible CSR Donations

ITAT Bangalore Allows Section 35D and Rejects Disallowance Without Disturbing Earlier Assessments