Judgement

SMC Bench holds that interest earned from investments in co-operative banks qualifies for deduction under Section 80P(2)(d); matter remanded to AO

ITAT Mumbai: Co-operative Society Eligible for Section 80P(2)(d) Deduction on Interest from Co-operative Banks

ITAT Pune remands case of documentation facilitator after finding that applying 44AD on total bank deposits may inflate income; directs fresh review considering subsequent accepted assessments.

ITAT Pune Orders Fresh Review After Finding Income Estimation Under Section 44AD Potentially Inflated

ITAT Orders Fresh Review After Finding Income Estimation Under Section 44AD Potentially Inflated

ITAT remands the Section 68 addition of Rs.10 lakh to AO for verification of loan repayment; deletes profit estimation but upholds need for proper evidence.

ITAT Sends Back Section 68 Loan Addition for Fresh Verification After Assessee Claims Full Repayment

ITAT Ahmedabad Partly Allows Shalby Ltd.’s Appeal By Quashing The 263 Action On Share Valuation While Upholding The 14A Revision.

ITAT Ahmedabad Upholds 14A Revision but Quashes 263 Action on Share Purchase Valuation

The ITAT cited clause (ii) of Section 151, which specifies the higher authority whose approval is required before issuing a notice under Section 148, if three years have elapsed.

Notice Under Section 148 Issued After 3 Years Must be Approved by Higher Authority, Not PCIT

Notice Under Section 148 Issued After 3 Years Must be Approved by Higher Authority Not PCIT

Tribunal deletes addition for routine family expenses; capital account credit issue sent back for fresh verification.

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ITAT Mumbai: Co-operative Society Eligible for Section 80P(2)(d) Deduction on Interest from Co-operative Banks

ITAT Orders Fresh Review After Finding Income Estimation Under Section 44AD Potentially Inflated

ITAT Sends Back Section 68 Loan Addition for Fresh Verification After Assessee Claims Full Repayment

ITAT Ahmedabad Upholds 14A Revision but Quashes 263 Action on Share Purchase Valuation

Notice Under Section 148 Issued After 3 Years Must be Approved by Higher Authority Not PCIT

ITAT: Household Funds Received From Husband Not Taxable as unexplained cash credits