Judgement

The ITAT Pune set aside an ex-parte CIT(A) order and remanded the case for fresh adjudication, giving the taxpayer another opportunity to present evidence in line with the principles of natural justice.

ITAT Gives Taxpayer Second Chance, Quashes Ex-Parte Appellate Order

ITAT held that taxpayer's demonetisation cash deposits were genuine business receipts, upheld deletion of the Rs 1.16 crore Section 69 addition, and dismissed the Revenue's appeal.

ITAT Deletes Rs 1.16 Crore Demonetisation Cash Deposit Addition, Dismisses Revenue Appeal

The ITAT granted Section 10(10B) exemption on BSNL VRS compensation and condoned the delay in filing the appeal, allowing the taxpayer to claim the consequential TDS refund.

Bona Fide Mistake in ITR Cannot Deny Section 10(10B) Exemption on BSNL VRS Compensation, Holds ITAT

ITAT remanded the matter to the AO, granting the taxpayer a final opportunity to substantiate that Rs 7.38 crore cash deposits were genuine business receipts with supporting evidence.

ITAT Grants Fresh Opportunity to Prove Rs 7.38 Crore Cash Deposits as Business Receipts

ITAT Holds A Sheet Found During Third-Party Search Cannot Justify Section 69A Addition Without Corroborative Evidence

ITAT has given the taxpayer another opportunity to explain bank deposits and interest income by remanding the case for a fresh assessment.

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ITAT Gives Taxpayer Second Chance, Quashes Ex-Parte Appellate Order

ITAT Deletes Rs 1.16 Crore Demonetisation Cash Deposit Addition, Dismisses Revenue Appeal

Bona Fide Mistake in ITR Cannot Deny Section 10(10B) Exemption on BSNL VRS Compensation, Holds ITAT

ITAT Grants Fresh Opportunity to Prove Rs 7.38 Crore Cash Deposits as Business Receipts

ITAT Holds A Sheet Found During Third-Party Search Cannot Justify Section 69A Addition Without Corroborative Evidence

ITAT Gives Taxpayer Fresh Chance to Explain Bank Deposits