Judgement

The ITAT Pune holds that interest earned from deposits with nationalised, scheduled and co-operative banks is eligible for deduction under Section 80P(2)(a)(i) 


ITAT Allows Section 80P Deduction on Interest Earned from Bank Deposits by Co-operative Credit Society

Tribunal holds separately acquired adjacent plots cannot qualify as one residential house under Section 54F.

ITAT Rejects Section 54F Claim for Two Separately Purchased Residential Plots

Tribunal invalidates Section 148 reopening where closing stock issue was already examined earlier.

Tribunal Upholds Finality of Assessment Against Change of Opinion Reopening

The ITAT restores tax appeals for fresh adjudication after NFAC failed to provide the requested personal hearing through video conferencing under the Faceless Appeal Scheme, 2021.

ITAT Restores Appeals for Fresh Consideration After NFAC Denied Request of Personal Hearing Through Video Conferencing

Tribunal holds activities benefiting identifiable industry groups can qualify as charitable purposes.

ITAT Restores Section 12AB Registration Claim for Industry Knowledge Institution

ITAT held that a Dayabhaga HUF is a valid taxable entity and deleted the Rs 27.40 lakh addition made in the individual's assessment.

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ITAT Allows Section 80P Deduction on Interest Earned from Bank Deposits by Co-operative Credit Society

ITAT Rejects Section 54F Claim for Two Separately Purchased Residential Plots

Tribunal Upholds Finality of Assessment Against Change of Opinion Reopening

ITAT Restores Appeals for Fresh Consideration After NFAC Denied Request of Personal Hearing Through Video Conferencing

ITAT Restores Section 12AB Registration Claim for Industry Knowledge Institution

ITAT Upholds Tax Recognition of Dayabhaga HUF, Deletes Rs 27.40 Lakh Addition