Judgement

The ITAT condones a 44-day delay by a charitable trust and remands its Rs 19.82 lakh tax dispute for fresh examination of Section 11 exemption, receipts, and allowable expenses.

ITAT Condones  44-Day Delay in Charitable Trust’s Appeal, Says Only Net Taxable Income Can Be Assessed if Exemption Fails

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 Bangalore Sets Aside Assessment and First Appellate Orders in Interest of Justice



ITAT Remands Addition on Partners' Capital and Unsecured Loans After Accepting Genuine Cause for Non-Appearance

The ITAT Ahmedabad holds that an assessee cannot shift responsibility for non-compliance entirely onto counsel.



ITAT Grants Fresh Hearing Despite Assessee’s Negligence

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ITAT Condones 44-Day Delay in Charitable Trust’s Appeal, Says Only Net Taxable Income Can Be Assessed if Exemption Fails

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

ITAT Remands Addition on Partners' Capital and Unsecured Loans After Accepting Genuine Cause for Non-Appearance

ITAT Grants Fresh Hearing Despite Assessee’s Negligence

How Many Savings Accounts Can You Have - and Should You?

ITR Deadline Missed? Know the Penalties, Interest and Other Consequences