Judgement

ITAT deletes Rs 1.50 lakh penalty under Section 271B, holding ongoing director disputes and court proceedings constituted reasonable cause under Section 273B.

ITAT Cancels Rs 1.50 Lakh Section 271B Penalty, Holds Director Dispute Was Reasonable Cause

ITAT reduces the accommodation entry commission addition from 3% to 0.15%, substantially lowering the tax liability on alleged entries worth Rs 24.73 crore.

ITAT Restricts Taxable Commission Income from Alleged Accommodation Entries to 0.15% of Total Entries

The ITAT holds that a religious object in a trust deed alone cannot justify rejection of Section 80G approval if religious expenditure is within the permissible limit.

Section 80G Approval Cannot Be Rejected Solely for Religious Object in Trust Deed, Holds ITAT 

The ITAT Bangalore Directs Fresh Assessment After Assessee Fails to Respond to E-Proceedings Notices


ITAT Allows Additional Evidence Due to Assessee’s Inability to Handle E-Proceedings

The ITAT Bangalore Directs AO to Examine Section 11 Exemption, Corpus Donations and Taxability of Net Income


ITAT Remands Charitable Trust’s Taxability Issue for Fresh Adjudication

ITAT deletes unexplained investment addition, holding that a third-party statement without corroborative evidence cannot establish undisclosed property investment.

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ITAT Cancels Rs 1.50 Lakh Section 271B Penalty, Holds Director Dispute Was Reasonable Cause

ITAT Restricts Taxable Commission Income from Alleged Accommodation Entries to 0.15% of Total Entries

Section 80G Approval Cannot Be Rejected Solely for Religious Object in Trust Deed, Holds ITAT

ITAT Allows Additional Evidence Due to Assessee’s Inability to Handle E-Proceedings

ITAT Remands Charitable Trust’s Taxability Issue for Fresh Adjudication

Unexplained Investment Addition Solely Based on Third Party Statement Cannot Be Sustained Without Supporting Documents, Holds ITAT