Judgement

The ITAT remanded the case of a Mysore civil contractor to the AO for fresh verification of turnover and directed profit estimation at 8% after reconciliation of records.

Civil Contractor Faced Rs. 1.51 Crore Addition After AO Applied 10% Profit Rate on Rs. 26.94 Crore Receipts; ITAT Orders Fresh Examination and 8% Profit Estimation

Scrap liability to M&M held genuine; turnover mismatch, staff welfare and other estimated additions quashed by Tribunal.

Auto Components Manufacturer Got Rs 10.39 Crore Scrap Credit Disallowance Deleted; ITAT Rejects Ad-Hoc Expense Additions and Turnover Mismatch Adjustment

ITAT deleted the Rs 5.67 lakh penalty under Section 270A, holding that the claim was based on bona fide interpretation and full disclosure of material facts.

MLA Claimed Full Set-Off of Rs. 36.04 Lakh House Property Loss Under Newly Introduced Provision; ITAT Deletes Rs. 5.67 Lakh Penalty for Bona Fide Error

The Income Tax Appellate Tribunal (ITAT) Mumbai has held that an employee cannot be deprived of TDS credit merely because the employer deducted tax from salary but failed to deposit the same with the Government.

Employee Claimed Rs. 3.91 Lakh TDS Credit in ITR but Got Credit for Only Rs. 79,030; ITAT Grants Relief Despite Employer’s Failure to Deposit TDS

ITAT holds eligible CSR donations qualify for Section 80G deduction despite Section 37 restriction.

Income Tax: ITAT Allows Section 80G Deduction on Eligible CSR Donations

ITAT condones delayed Form 10B filing, holds exemption under Sections 11 & 12 cannot be denied where audit report was available before CPC processed the return.

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Civil Contractor Faced Rs. 1.51 Crore Addition After AO Applied 10% Profit Rate on Rs. 26.94 Crore Receipts; ITAT Orders Fresh Examination and 8% Profit Estimation

Auto Components Manufacturer Got Rs 10.39 Crore Scrap Credit Disallowance Deleted; ITAT Rejects Ad-Hoc Expense Additions and Turnover Mismatch Adjustment

MLA Claimed Full Set-Off of Rs. 36.04 Lakh House Property Loss Under Newly Introduced Provision; ITAT Deletes Rs. 5.67 Lakh Penalty for Bona Fide Error

Employee Claimed Rs. 3.91 Lakh TDS Credit in ITR but Got Credit for Only Rs. 79,030; ITAT Grants Relief Despite Employer’s Failure to Deposit TDS

Income Tax: ITAT Allows Section 80G Deduction on Eligible CSR Donations

School Society Lost Income Tax Exemption Due to Late Audit Report Filing; ITAT Grants Relief and Restores Claim