Judgement

The ITAT Bangalore Directed Trust to reconcile Rs 67.40 Crore fee receipts and establish educational activities


 ITAT Remands Trust’s Section 12AA Registration Application for Fresh Examination

The ITAT Bangalore held that lack of email and english knowledge constitute sufficient cause for delay.

ITAT Restores Appeal of Agriculturist for Fresh Adjudication

The ITAT Bangalore held software error led to excess interest levy of Rs 7 Lakh on Shruti Shibulal


ITAT Holds Tax Due Must Account for Section 90 Relief and TDS

The ITAT Bangalore says income must be determined from books if found reliable


ITAT Directs Fresh Assessment of Petrol Pump’s Income Including Demonetisation Cash Deposits 

The ITAT Chennai rules that accounting discrepancies and balance-sheet items cannot automatically be treated as taxable income.

 ITAT Holds Opening Capital, Chit Liability and Sundry Debtors Cannot Be Taxed Without Statutory Basis

ITAT remands the Rs 2.04 crore pre-operative expense dispute to CIT(A), directing a fresh examination of business commencement, supporting documents, revenue recognition, and interest expenditure.

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ITAT Remands Trust’s Section 12AA Registration Application for Fresh Examination

ITAT Restores Appeal of Agriculturist for Fresh Adjudication

ITAT Holds Tax Due Must Account for Section 90 Relief and TDS

ITAT Directs Fresh Assessment of Petrol Pump’s Income Including Demonetisation Cash Deposits

ITAT Holds Opening Capital, Chit Liability and Sundry Debtors Cannot Be Taxed Without Statutory Basis

ITAT Remands Rs 2.04 Crore Pre-Operative Expense Disallowance Dispute, Holds Business Setup and Commencement Are Distinct