Judgement

The ITAT Pune holds CBDT circular supports enhanced deduction where disallowance increases eligible business income



ITAT Pune Allows Higher Section 80P Deduction on Enhanced Business Profits of Cooperative Society

An unintentional typographical error in the Tax Audit Report should not lead to an unmerited disallowance if the statutory payments were made in time, holds ITAT.

An Inadvertent Typographical Error in Tax Audit Report Should Not Lead to An Unmerited Disallowance, Rules ITAT

ITAT Mumbai upheld the Rs 44.47 lakh disallowance of delayed employees’ PF and ESIC contributions, relying on the Supreme Court’s Checkmate Services ruling.

ITAT Dismisses Appeal Over Rs 44.47 Lakh Delayed PF, ESIC Contribution Disallowance

The ITAT granted the assessee another opportunity and remanded the Rs 1.55 crore disallowance matter to the CIT(A) for fresh adjudication.

ITAT Gives Fresh Opportunity to Assessee, Remands Rs 1.55 Crore Disallowance Matter to CIT(A)

The ITAT Delhi holds that expenditure not claimed in the Profit & Loss Account cannot be disallowed due to delayed deduction of TDS.



ITAT Rules No Disallowance Under Section 40(a)(ia) if Interest Expense is Capitalised as Work-in-Progress 

The ITAT Ahmedabad rules that a bona fide deduction claim cannot attract penalty for Misreporting without evidence of false particulars

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ITAT Pune Allows Higher Section 80P Deduction on Enhanced Business Profits of Cooperative Society

An Inadvertent Typographical Error in Tax Audit Report Should Not Lead to An Unmerited Disallowance, Rules ITAT

ITAT Dismisses Appeal Over Rs 44.47 Lakh Delayed PF, ESIC Contribution Disallowance

ITAT Gives Fresh Opportunity to Assessee, Remands Rs 1.55 Crore Disallowance Matter to CIT(A)

ITAT Rules No Disallowance Under Section 40(a)(ia) if Interest Expense is Capitalised as Work-in-Progress

ITAT Says Mere Disallowance of Section 80GGC Deduction Does Not Amount to Misreporting of Income