Judgement

The ITAT held that AO cannot treat entire bank deposits as Income without examining business records.

ITAT Remands Rs 1.36 Crore Cash Deposit Addition for Fresh Assessment

The ITAT Bangalore ruled revisionary order is issued after expiry of statutory limitation.

ITAT Quashes Section 263 Revision as Time-Barred

ITAT allows Rs 15.64 lakh deduction under Section 80P(2)(a)(i), holding that registration under the Souharda Act and the presence of nominal members do not bar the deduction.

ITAT Grants Rs 15.64 Lakh Tax Deduction to Cooperative Society Under Section 80P(2)(a)(i)

ITAT Pune has upheld a Rs 4.50 lakh addition under Section 69A after the assessee failed to prove the source of cash deposits made in his HDFC Bank account

ITAT Rejects Appeal, Confirms Rs 4.50 Lakh Addition as Unexplained Cash After Assessee Fails to Prove Source of Deposits

ITAT remanded Rs 13.50 lakh demonetisation-period cash deposit dispute to the CIT(A) for fresh adjudication after finding that the earlier order was passed ex parte.

ITAT Remands Case of Section 69A Unexplained Cash Deposits During Demonetisation Period After CIT(A) Passes Ex Parte Order

ITAT condoned a 48-day delay in a Section 80P appeal and remanded the Rs 18.92 lakh deduction dispute to the CIT(A) for fresh consideration on merits.

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ITAT Remands Rs 1.36 Crore Cash Deposit Addition for Fresh Assessment

ITAT Quashes Section 263 Revision as Time-Barred

ITAT Grants Rs 15.64 Lakh Tax Deduction to Cooperative Society Under Section 80P(2)(a)(i)

ITAT Rejects Appeal, Confirms Rs 4.50 Lakh Addition as Unexplained Cash After Assessee Fails to Prove Source of Deposits

ITAT Remands Case of Section 69A Unexplained Cash Deposits During Demonetisation Period After CIT(A) Passes Ex Parte Order

ITAT Condones 48-Day Delay in Section 80P Dispute, Cites Senior Citizens’ Technical Difficulties With Online Tax Portal