Judgement

The ITAT remanded Eterno Infotech's tax case to the Assessing Officer for fresh verification of business promotion expenses after finding that the supporting evidence had not been properly examined.

ITAT Remands Eterno Infotech Case to AO After Finding Business Promotion Expenses Were Not Properly Verified


The ITAT Pune has held that execution of a Development Agreement alone does not trigger Capital Gains Tax



 ITAT Rules No Capital Gains Tax on Development Agreement Without Transfer of Possession 

The ITAT Pune set aside an ex-parte CIT(A) order and remanded the case for fresh adjudication, giving the taxpayer another opportunity to present evidence in line with the principles of natural justice.

ITAT Gives Taxpayer Second Chance, Quashes Ex-Parte Appellate Order

ITAT held that taxpayer's demonetisation cash deposits were genuine business receipts, upheld deletion of the Rs 1.16 crore Section 69 addition, and dismissed the Revenue's appeal.

ITAT Deletes Rs 1.16 Crore Demonetisation Cash Deposit Addition, Dismisses Revenue Appeal

The ITAT granted Section 10(10B) exemption on BSNL VRS compensation and condoned the delay in filing the appeal, allowing the taxpayer to claim the consequential TDS refund.

Bona Fide Mistake in ITR Cannot Deny Section 10(10B) Exemption on BSNL VRS Compensation, Holds ITAT

ITAT remanded the matter to the AO, granting the taxpayer a final opportunity to substantiate that Rs 7.38 crore cash deposits were genuine business receipts with supporting evidence.

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ITAT Remands Eterno Infotech Case to AO After Finding Business Promotion Expenses Were Not Properly Verified

ITAT Rules No Capital Gains Tax on Development Agreement Without Transfer of Possession

ITAT Gives Taxpayer Second Chance, Quashes Ex-Parte Appellate Order

ITAT Deletes Rs 1.16 Crore Demonetisation Cash Deposit Addition, Dismisses Revenue Appeal

Bona Fide Mistake in ITR Cannot Deny Section 10(10B) Exemption on BSNL VRS Compensation, Holds ITAT

ITAT Grants Fresh Opportunity to Prove Rs 7.38 Crore Cash Deposits as Business Receipts