Judgement

ITAT held that a co-operative society is entitled to a deduction under Section 80P(2)(d) on interest income earned from investments made with other co-operative societies.

Deduction u/s 80P Cannot Be Denied If Investment Is with Co-operative Society: ITAT Rules

Reopening the assessment after several years without new proof was held to be unfair and invalid, says ITAT.

Validity of Notice u/s 148: ITAT Quashes Reassessment for Lack of New Evidence

ITAT deletes Rs. 1.05 crore unsecured loan addition under Section 68 and reduces expense disallowance, holding that suspicion without proper inquiry by the AO cannot justify additions.

 ITAT Deletes Section 68 Addition for Lack of AO Inquiry; No ‘Source of Source’ Required Before AY 2023-24

Revenue Appeals Partly Allowed, Licence Fee Amortisable u/s 35ABB; SUC, KYC Penalties and Distributor Discounts Allowed

ITAT: Spectrum Charges Revenue in Nature, Licence Fees Capital per SC

ITAT: Spectrum Charges Revenue in Nature, Licence Fees Capital per Supreme Court

ITAT Ahmedabad allowed appeal and directed grant of ten-year registration to charitable trust

ITAT Allows Ten-Year Trust Registration After Finance Act 2025 Amendment

ITAT Delhi rules that Section 115BBDA does not apply to trusts, deletes Rs. 25.51 lakh dividend addition in full, and holds the dividend income as exempt.

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Deduction u/s 80P Cannot Be Denied If Investment Is with Co-operative Society: ITAT Rules

Validity of Notice u/s 148: ITAT Quashes Reassessment for Lack of New Evidence

ITAT Deletes Section 68 Addition for Lack of AO Inquiry; No ‘Source of Source’ Required Before AY 2023-24

ITAT: Spectrum Charges Revenue in Nature, Licence Fees Capital per Supreme Court

ITAT Allows Ten-Year Trust Registration After Finance Act 2025 Amendment

Section 115BBDA Not Applicable to Trust's Dividend Income: ITAT Rules