Judgement

ITAT deleted the Rs 5.67 lakh penalty under Section 270A, holding that the claim was based on bona fide interpretation and full disclosure of material facts.

MLA Claimed Full Set-Off of Rs. 36.04 Lakh House Property Loss Under Newly Introduced Provision; ITAT Deletes Rs. 5.67 Lakh Penalty for Bona Fide Error

The Income Tax Appellate Tribunal (ITAT) Mumbai has held that an employee cannot be deprived of TDS credit merely because the employer deducted tax from salary but failed to deposit the same with the Government.

Employee Claimed Rs. 3.91 Lakh TDS Credit in ITR but Got Credit for Only Rs. 79,030; ITAT Grants Relief Despite Employer’s Failure to Deposit TDS

ITAT holds eligible CSR donations qualify for Section 80G deduction despite Section 37 restriction.

Income Tax: ITAT Allows Section 80G Deduction on Eligible CSR Donations

ITAT condones delayed Form 10B filing, holds exemption under Sections 11 & 12 cannot be denied where audit report was available before CPC processed the return.

School Society Lost Income Tax Exemption Due to Late Audit Report Filing; ITAT Grants Relief and Restores Claim

Lovely Exports protection unavailable where AO’s enquiries cast serious doubts on identity, creditworthiness and genuineness of share subscribers.

Jewellery Company Received Rs. 21.37 Crore Share Capital at Rs. 190 Premium; ITAT Restores Section 68 Addition Despite Investor Documents

High Court quashes GST demand holding multiple financial years cannot be clubbed together.

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MLA Claimed Full Set-Off of Rs. 36.04 Lakh House Property Loss Under Newly Introduced Provision; ITAT Deletes Rs. 5.67 Lakh Penalty for Bona Fide Error

Employee Claimed Rs. 3.91 Lakh TDS Credit in ITR but Got Credit for Only Rs. 79,030; ITAT Grants Relief Despite Employer’s Failure to Deposit TDS

Income Tax: ITAT Allows Section 80G Deduction on Eligible CSR Donations

School Society Lost Income Tax Exemption Due to Late Audit Report Filing; ITAT Grants Relief and Restores Claim

Jewellery Company Received Rs. 21.37 Crore Share Capital at Rs. 190 Premium; ITAT Restores Section 68 Addition Despite Investor Documents

Single GST Show Cause Notice Covering 4 Financial Years and Rs.2.54 Crore Demand Invalid; Bombay High Court Quashes Entire Proceedings