Judgement

The ITAT holds that a religious object in a trust deed alone cannot justify rejection of Section 80G approval if religious expenditure is within the permissible limit.

Section 80G Approval Cannot Be Rejected Solely for Religious Object in Trust Deed, Holds ITAT 

The ITAT Bangalore Directs Fresh Assessment After Assessee Fails to Respond to E-Proceedings Notices


ITAT Allows Additional Evidence Due to Assessee’s Inability to Handle E-Proceedings

The ITAT Bangalore Directs AO to Examine Section 11 Exemption, Corpus Donations and Taxability of Net Income


ITAT Remands Charitable Trust’s Taxability Issue for Fresh Adjudication

ITAT deletes unexplained investment addition, holding that a third-party statement without corroborative evidence cannot establish undisclosed property investment.

Unexplained Investment Addition Solely Based on Third Party Statement Cannot Be Sustained Without Supporting Documents, Holds ITAT

The ITAT Delhi quashes section 153C assessments against Mahavir Fincon, Raghav Agrawal as barred by limitation



Limitation for Section 153C Assessment Begins from Date of Transfer of Records Under Section 127

ITAT deletes Rs 2 lakh addition, reduces Section 69C addition to Rs 1 lakh, but upholds Rs 3.5 lakh Section 68 addition. 

Explore Our Blogs

Section 80G Approval Cannot Be Rejected Solely for Religious Object in Trust Deed, Holds ITAT

ITAT Allows Additional Evidence Due to Assessee’s Inability to Handle E-Proceedings

ITAT Remands Charitable Trust’s Taxability Issue for Fresh Adjudication

Unexplained Investment Addition Solely Based on Third Party Statement Cannot Be Sustained Without Supporting Documents, Holds ITAT

Limitation for Section 153C Assessment Begins from Date of Transfer of Records Under Section 127

ITAT Reduces Section 69C Addition from Rs 2 lakh to Rs 1 lakh, Holds Cheque Payment Cannot Be Treated as Unexplained on Assumptions