Judgement

ITAT upheld a Rs 2.06 lakh penalty under Section 272A(2)(e), ruling that a five and half year delay in submitting ITR-V could not be justified as a reasonable cause.

ITAT Upholds Rs 2.06 Lakh Penalty, Holds Over 5 Year ITR-V Delay Defeats Reasonable Cause Claim

The ITAT Mumbai ruled mere allegations of price manipulation cannot justify Section 68 addition.

ITAT Rules General Investigation Report Cannot Establish Bogus LTCG

The ITAT Mumbai holds assessee should not be shut out from producing necessary evidence.

ITAT Mumbai Remands Rs 4.03 Crore Unexplained Investment Addition to AO

ITAT condoned the 439-day delay and gave the taxpayer a fresh opportunity to explain the Rs 14.37 lakh demonetisation-period cash deposits.

ITAT Condones 439-Day Delay, Gives Fresh Chance Over Rs 14.37 Lakh Demonetisation Deposits

ITAT Pune restored the Rs 1.73 crore penalty after ruling that the Rs 5.60 crore payment to a retiring partner was capital expenditure and not a revenue expense.

ITAT Restores Rs 1.73 Crore Penalty Under Section 271(1)(c) Over Rs 5.60 Crore Development Expense Claim

ITAT remands Rs 25 lakh unexplained credit case for fresh hearing after finding that appellate notices were sent to the wrong email ID, violating natural justice.

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ITAT Upholds Rs 2.06 Lakh Penalty, Holds Over 5 Year ITR-V Delay Defeats Reasonable Cause Claim

ITAT Rules General Investigation Report Cannot Establish Bogus LTCG

ITAT Mumbai Remands Rs 4.03 Crore Unexplained Investment Addition to AO

ITAT Condones 439-Day Delay, Gives Fresh Chance Over Rs 14.37 Lakh Demonetisation Deposits

ITAT Restores Rs 1.73 Crore Penalty Under Section 271(1)(c) Over Rs 5.60 Crore Development Expense Claim

ITAT Sets Aside Unexplained Credit Addition Over Wrong Email Notices, Remands Case for Fresh Adjudication