Judgement

ITAT restored the Rs 54.84 lakh unexplained investment case to the AO for de novo assessment after noting the appeal was decided ex parte, primarily on account of non-prosecution.

ITAT Restores Rs 54.84 Lakh Unexplained Investment Case to AO for De Novo Assessment After Ex Parte Decision

The ITAT Pune holds that interest and dividend from co-operative society investments can qualify for deduction under Section 80P(2)(d).


ITAT Holds Interest Income from Co-operative Bank Investments Eligible for Deduction Under Section 80P(2)(d)

ITAT remands Rs 54.84 lakh undisclosed investment dispute to AO after ex parte proceedings.

ITAT Gives Fresh Opportunity to Explain Rs 54.84 Lakh Undisclosed Investment

ITAT deletes unexplained investment addition, holding that a third-party statement without corroborative evidence cannot establish undisclosed property investment.

Unexplained Investment Addition Solely Based on Third Party Statement Cannot Be Sustained Without Supporting Documents, Holds ITAT

News

Ola Electric has reversed a Rs 57 crore provision for a PLI-related penalty despite no MHI approval, drawing auditor scrutiny over the accounting treatment.

Ola Electric Subsidiary Reverses Rs 57 Crore Penalty Provision After Missing an Investment Milestone under PLI Scheme 

ITAT remands the case for fresh review, giving the taxpayer another chance to explain the source of funds for his Rs 60.99 lakh property purchase.

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ITAT Restores Rs 54.84 Lakh Unexplained Investment Case to AO for De Novo Assessment After Ex Parte Decision

ITAT Holds Interest Income from Co-operative Bank Investments Eligible for Deduction Under Section 80P(2)(d)

ITAT Gives Fresh Opportunity to Explain Rs 54.84 Lakh Undisclosed Investment

Unexplained Investment Addition Solely Based on Third Party Statement Cannot Be Sustained Without Supporting Documents, Holds ITAT

Ola Electric Subsidiary Reverses Rs 57 Crore Penalty Provision After Missing an Investment Milestone under PLI Scheme

Rs 39.72 Lakh Tax Addition: ITAT Gives NRI Taxpayer Fresh Chance to Explain Investment