Judgement

ITAT dismisses Revenue’s appeal, upholds Section 80IA(4) deduction along with relief on Rs. 53.34 crore bad and doubtful debt disallowance.

ITAT Deletes Rs 53.34 Crore Bad Debt Disallowance and Upholds Section 80IA(4) Deduction

The ITAT Jaipur allows Section 270A(6) relief to assessee who missed return filing after relocating to USA.


ITAT Holds Bona Fide Explanation for Belated Return Excluded from Underreported Income

ITAT held that the Rs 18.34 lakh stipend received by a PG medical student from AMU was linked to education and eligible for exemption under Section 10(16) of the IT Act.

Medical Stipend Not Salary: ITAT Rules Rs 18.34 Lakh PG Medical Stipend Exempt From Income Tax under Section 10(16) 

The ITAT Chennai grants one more opportunity to assessee to substantiate cash deposits as business receipts.

ITAT Remits Cash Deposit Additions for Fresh Adjudication Subject to Rs.3 Lakh Cost

The ITAT Chennai directs AO to reconsider deduction after competent authority decides return filing delay.

ITAT Restores 80P Deduction Claim of Co-operative Society Pending Section 119(2)(b) Condonation Application

The ITAT Chennai quashed penalty order passed beyond 6 Month Limitation period under Section 275(1)(c).

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ITAT Deletes Rs 53.34 Crore Bad Debt Disallowance and Upholds Section 80IA(4) Deduction

ITAT Holds Bona Fide Explanation for Belated Return Excluded from Underreported Income

Medical Stipend Not Salary: ITAT Rules Rs 18.34 Lakh PG Medical Stipend Exempt From Income Tax under Section 10(16)

ITAT Remits Cash Deposit Additions for Fresh Adjudication Subject to Rs.3 Lakh Cost

ITAT Restores 80P Deduction Claim of Co-operative Society Pending Section 119(2)(b) Condonation Application

ITAT Quashes Section 271D Penalty as Barred by Limitation