Judgement

ITAT Delhi: Section 14A Disallowance Cannot Exceed Exempt Income; Support Service Disallowance Remanded

ITAT: Section 14A Disallowance Cannot Exceed Exempt Income; Ad-hoc 25% Disallowance Remanded Back

The ITAT held that a reassessment initiated through a Section 148 notice issued in the name of a deceased assessee is void in law, and participation by the legal heir cannot cure this defect.

ITAT Holds Legal Heir’s Participation Cannot Cure Defective Notice Issued in Name of a Dead Person

ITAT held that depreciation claims for AY 2014-15 and 2015-16 are consequential and must be decided only after the pending AY 2013-14 appeal is resolved.

Depreciation Claims for Later Years Cannot Be Decided Without Resolving Earlier Years: Rules ITAT

Therefore, the ITAT restored the matter to the CIT(A), giving one more chance to the assessee, subject to a Rs 2,000 cost, which was directed to be deposited in the Prime Minister Relief Fund.

ITAT Restores Case, Granting Fresh Hearing Subject to Cost Payment

The ITAT held that section 69C of the Income Tax Act is not applicable here, as the purchases were accounted for in the books of account and the assessee submitted all the supporting documents.

Section 69C Requires Proving Unexplained Source of Genuine Expenditure First: ITAT

Pune ITAT remands Section 12A registration matter to CIT(E) for reconsideration due to wrong subsection selection.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT: Section 14A Disallowance Cannot Exceed Exempt Income; Ad-hoc 25% Disallowance Remanded Back

ITAT Holds Legal Heir’s Participation Cannot Cure Defective Notice Issued in Name of a Dead Person

Depreciation Claims for Later Years Cannot Be Decided Without Resolving Earlier Years: Rules ITAT

ITAT Restores Case, Granting Fresh Hearing Subject to Cost Payment

Section 69C Requires Proving Unexplained Source of Genuine Expenditure First: ITAT

ITAT Grants Fresh Opportunity to Charitable Trust for Section 12A Registration After Technical Error