Judgement

ITAT held that repayment of loans used for charitable capital expenditure qualifies as application of income under Section 11 and deleted the Rs 3.60 crore addition.

ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11

The ITAT held that no addition can be made in an unabated Section 153C assessment unless it is based on incriminating material seized during the search.

Unabated Section 153C Assessment Cannot Be Reopened Without Incriminating Material: ITAT

The ITAT remanded the penny stock LTCG exemption case to the Assessing Officer for fresh verification of documentary evidence and a fresh decision.

ITAT Remands Penny Stock LTCG Exemption Case to AO for Fresh Verification of Documentary Evidence

ITAT remanded the tax dispute to the AO for a fresh assessment after admitting additional evidence and directing a fair reconsideration of the taxpayer's claims. 

ITAT Orders Fresh Assessment After Accepting Additional Documentary Evidence

ITAT deleted the Rs 31,400 penalty for delayed TDS return filing, holding that the proceedings were legally unsustainable due to procedural lapses and inordinate delay.

ITAT Deletes Rs 31,400 Penalty for Delayed TDS Return Filing

The ITAT Bangalore held that the assessee deserved one more opportunity to substantiate the claim before the tax authorities. 

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ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11

Unabated Section 153C Assessment Cannot Be Reopened Without Incriminating Material: ITAT

ITAT Remands Penny Stock LTCG Exemption Case to AO for Fresh Verification of Documentary Evidence

ITAT Orders Fresh Assessment After Accepting Additional Documentary Evidence

ITAT Deletes Rs 31,400 Penalty for Delayed TDS Return Filing

ITAT Remands Section 69A Addition After Assessee Produces Evidence Supporting Agricultural Income