Judgement

The ITAT Bangalore held BSNL VRS compensation qualifies for Section 10(10B) exemption.


ITAT Allows Section 10(10B) Exemption on BSNL VRS Compensation 

ITAT dismissed the appeal as withdrawn after the assessee opted not to pursue its challenge against the Rs. 77.64 lakh unexplained cash credit addition for AY 2017-18.

ITAT Allows Withdrawal of Appeal Challenging Rs. 77.64 Lakh Unexplained Cash Credit Addition in Scrap Sale Deposits Case

The ITAT Bangalore directed CIT(E) to reconsider Section 80G Approval.

ITAT Remands 80G Approval Application to CIT(E) After Denial Without Granting Adjournment

The ITAT held that AO cannot treat entire bank deposits as Income without examining business records.

ITAT Remands Rs 1.36 Crore Cash Deposit Addition for Fresh Assessment

The ITAT Bangalore ruled revisionary order is issued after expiry of statutory limitation.

ITAT Quashes Section 263 Revision as Time-Barred

ITAT allows Rs 15.64 lakh deduction under Section 80P(2)(a)(i), holding that registration under the Souharda Act and the presence of nominal members do not bar the deduction.

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ITAT Allows Section 10(10B) Exemption on BSNL VRS Compensation

ITAT Allows Withdrawal of Appeal Challenging Rs. 77.64 Lakh Unexplained Cash Credit Addition in Scrap Sale Deposits Case

ITAT Remands 80G Approval Application to CIT(E) After Denial Without Granting Adjournment

ITAT Remands Rs 1.36 Crore Cash Deposit Addition for Fresh Assessment

ITAT Quashes Section 263 Revision as Time-Barred

ITAT Grants Rs 15.64 Lakh Tax Deduction to Cooperative Society Under Section 80P(2)(a)(i)