Judgement

ITAT granted a charitable trust one final opportunity to submit documents for Section 12AB registration, imposing a Rs. 5,000 cost due to repeated non-compliance.

ITAT Grants One More Opportunity to Charitable Trust for Section 12AB Registration, Imposes Rs. 5,000 Cost

Supreme Court dismisses Income Tax Department’s appeals, ending long-standing Nestlé India’s Rs. 101.21 crore licensing fee dispute.

Supreme Court Ends Rs. 101.21 Crore Licensing Fee Case Against Nestlé India; Tax Dept's Appeals Dismissed

The Tribunal noted that evenaif the department was not familiar with the death of the assessee, a penalty proceeding against a deceased person is still invalid.

Income Tax Penalty Proceedings Cannot be Initiated Against Deceased Person: ITAT

The ITAT condoned the delay but imposed a cost of Rs 5,000 on the assessee trust to be paid to the Income Tax Department within two weeks.

ITAT Condones 255-Day Delay, Sends 80G Registration Issue Back to CIT(E)

ITAT Condones 255-Days Delay, Sends 80G Registration Issue Back to CIT(E)

ITAT ruled that only the profit element, not the full amount, can be added on alleged bogus purchases when sales are accepted, dismissing the Revenue’s appeal.

ITAT Upholds Partial Relief in Rs. 5.31 Lakh Bogus Purchase Dispute, Dismisses Revenue Appeal

The Tribunal held that Section 271B presupposes the existence of books of account which are required to be audited under Section 44AB.

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ITAT Grants One More Opportunity to Charitable Trust for Section 12AB Registration, Imposes Rs. 5,000 Cost

Supreme Court Ends Rs. 101.21 Crore Licensing Fee Case Against Nestlé India; Tax Dept's Appeals Dismissed

Income Tax Penalty Proceedings Cannot be Initiated Against Deceased Person: ITAT

ITAT Condones 255-Days Delay, Sends 80G Registration Issue Back to CIT(E)

ITAT Upholds Partial Relief in Rs. 5.31 Lakh Bogus Purchase Dispute, Dismisses Revenue Appeal

ITAT Quashes Rs. 1.50 Lakh Penalty Where No Books of Account Were Maintained