Judgement

The ITAT held that reassessment proceedings under Section 147 of the Income Tax Act, 1961 are not sustainable where the statutory period for issuing notice under Section 143(2) had not expired.

ITAT Holds Reassessment Proceeding Is Invalid if Time Limit for Scrutiny under Section 143(2) Had Not Expired

The ITAT held that a genuine TDS credit reflected in Form 26AS cannot be denied merely because the assessee failed to claim it in the original return and directed the AO to verify and allow the credit.

ITAT Rules Genuine TDS Credit Cannot Be Denied Merely for Non-Claim in Original Return

ITAT holds RBI automatic route compliance sufficient for claiming 10% FTS tax rate.

ITAT Grants Concessional 10% Tax Rate on Technical Service Fees

ITAT Deletes Section 50C Addition, Rejects Stamp Duty Value Where DVO Variation Was Within 15% Tolerance Limit.

ITAT Discards Stamp Duty Value, Accepts Declared Sale Consideration

Tribunal grants registration, holding incorrect clause selection cannot defeat genuine charitable activities.

ITAT Grants 12AB Registration to Trust Despite Wrong Section Code in Form 10AB

Tribunal allows Section 80P deduction, holding clerical return errors cannot defeat legitimate claims.

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ITAT Holds Reassessment Proceeding Is Invalid if Time Limit for Scrutiny under Section 143(2) Had Not Expired

ITAT Rules Genuine TDS Credit Cannot Be Denied Merely for Non-Claim in Original Return

ITAT Grants Concessional 10% Tax Rate on Technical Service Fees

ITAT Discards Stamp Duty Value, Accepts Declared Sale Consideration

ITAT Grants 12AB Registration to Trust Despite Wrong Section Code in Form 10AB

ITAT Allows Section 80P Relief Despite Clerical Error in Return