Judgement

ITAT Chennai deletes Rs. 2.57 lakh penalty under Section 270A, citing COVID-19 delays and no intentional under-reporting by the assessee.

ITAT Cancels Penalty for Late ITR Filing, Cites COVID-19 Hardship and No Intentional Under-Reporting

The Tribunal rejected the assessee's claim of Rs 1,50,000 deduction under Section 80C towards the LIC premium, as the assessee failed to submit any proper documentary proof

ITAT Mumbai Sends Back Rs 78.70 Lakh Agricultural Income Addition for Fresh Review; 80C Claim Rejected Due to Lack of Proofs

ITAT Mumbai Sends Back Rs 78.70 Lakh Agricultural Income Addition for Fresh Review; 80C Claim Rejected

The ITAT remanded the alleged bogus purchase case for fresh examination after finding unclear factual findings in the CIT(A)’s order restricting the addition to 12.5%.

ITAT Sets Aside Order Restricting Addition to 12.5% on Alleged Hawala Purchases; Remands Matter for Re-Verification

Member deposits and cash collections cannot be treated as unexplained credits in mutual benefit society.

ITAT Deletes Rs. 4.67 Crore Section 68 Addition Against Cooperative Credit Society

Retailer’s cash deposits during December 2016 held explained by recorded cash sales and sufficient cash balance

ITAT Deletes Rs. 35.22 Lakh Demonetisation Addition; Cash Sales Accepted as Genuine

ITAT favoured the assessee by deleting the capital gains addition, as the reassessment notice was invalid and improperly served, and proceedings lacked jurisdiction.

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ITAT Cancels Penalty for Late ITR Filing, Cites COVID-19 Hardship and No Intentional Under-Reporting

ITAT Mumbai Sends Back Rs 78.70 Lakh Agricultural Income Addition for Fresh Review; 80C Claim Rejected

ITAT Sets Aside Order Restricting Addition to 12.5% on Alleged Hawala Purchases; Remands Matter for Re-Verification

ITAT Deletes Rs. 4.67 Crore Section 68 Addition Against Cooperative Credit Society

ITAT Deletes Rs. 35.22 Lakh Demonetisation Addition; Cash Sales Accepted as Genuine

Reassessment proceedings void if notice not properly served and income already disclosed in ITR