Judgement

The ITAT Bangalore holds cash deposits during demonetization period cannot be treated as unexplained when agricultural source is substantiated

ITAT Accepts Cash Deposits as Out of Accumulated Agricultural Income

The ITAT Bangalore held acceptance of SBNs cannot justify Section 68 addition when source of cash is explained


ITAT Deletes Rs 38.21 Lakh Addition on Demonetisation Cash Deposits

ITAT deletes Rs 1.50 lakh penalty under Section 271B, holding ongoing director disputes and court proceedings constituted reasonable cause under Section 273B.

ITAT Cancels Rs 1.50 Lakh Section 271B Penalty, Holds Director Dispute Was Reasonable Cause

ITAT reduces the accommodation entry commission addition from 3% to 0.15%, substantially lowering the tax liability on alleged entries worth Rs 24.73 crore.

ITAT Restricts Taxable Commission Income from Alleged Accommodation Entries to 0.15% of Total Entries

The ITAT holds that a religious object in a trust deed alone cannot justify rejection of Section 80G approval if religious expenditure is within the permissible limit.

Section 80G Approval Cannot Be Rejected Solely for Religious Object in Trust Deed, Holds ITAT 

The ITAT Bangalore Directs Fresh Assessment After Assessee Fails to Respond to E-Proceedings Notices


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ITAT Accepts Cash Deposits as Out of Accumulated Agricultural Income

ITAT Deletes Rs 38.21 Lakh Addition on Demonetisation Cash Deposits

ITAT Cancels Rs 1.50 Lakh Section 271B Penalty, Holds Director Dispute Was Reasonable Cause

ITAT Restricts Taxable Commission Income from Alleged Accommodation Entries to 0.15% of Total Entries

Section 80G Approval Cannot Be Rejected Solely for Religious Object in Trust Deed, Holds ITAT

ITAT Allows Additional Evidence Due to Assessee’s Inability to Handle E-Proceedings