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The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has removed the late fees levied under Section 234E of the Income Tax Act, 1961, for the delayed filing of quarterly Tax Deducted at Source (TDS) returns before June 2015. Ram Refrigeration & Electronics Pvt. Ltd., a private corporation, has filed an appeal against the […]
ITAT Pune ruled that the estimation of profit at 8% in case of contract work for a government department, by taking provisions of section 44AD of the Income Tax Act as a parameter, is justifiable. As per that, the order of CIT(A) is upheld. The taxpayer is an individual and is in the business as […]
The application of registration filed under Section 12A of the Income Tax Act, 1961 has been cancelled by the two-member bench of the Income Tax Appellate Tribunal ( ITAT ) after witnessing that the income made via leasing of trust building is a commercial business activity. The taxpayer, Golden Charitable Trust entered into a lease […]
The Pune Bench of The Income Tax Appellate Tribunal (ITAT) canceled the penalty imposed for failure to comply with the notice. The Assessee, M/s. Sun Infrastructure Pvt. Ltd filed three appeals in opposition to the confirmation/verification of penalty of Rs.10,000/- each as per section 271(1)(b) of the Income-tax Act, 1961 imposed by the CIT(A) in […]
The Income Tax Appellate Tribunal (ITAT), Pune Bench has permitted the deduction beneath Section 35(1)(ii) of the Income Tax Act with respect to the donation. The taxpayer owner of MRC transolutions Pvt ltd furnished a donation of Rs 1.25 cr to the organization known as the school of human Human Genetics and Population Health (hereinafter […]
The Pune ITAT held that levying late fees under Section 234E for TDS returns processed before June 1, 2015, was unjustified, noting that the revision to Section 200A was yet to take effect. The taxpayer, Shrikrishna Laxminarayan Thakur, furnished the TDS returns for diverse quarters across Assessment Years 2013-14, 2014-15, 2015-16, and 2016-17. All these […]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) condoned a delay of 38 days in filing an appeal, attributing the delay to a change in the taxpayers’ tax consultant. The taxpayer Sujit Arun Taware does not submit an Income return for the assessment year 2014-15. On the grounds of the data obtained via […]
The Commissioner of Income Tax(Appeals)[CIT(A)] order, has been set aside by the Pune Bench of Income Tax Appellate Tribunal (ITAT) which had dismissed the appeal u/s 249(4) of Income Tax Act,1961 for non-payment of advance tax, considering the taxpayers’ senior citizen status and health issues. The taxpayer Hingora Ali Mohd Vali Mohd, plea was dismissed […]
The assessment order has been set aside by the Pune Bench of Income Tax Appellate Tribunal ( ITAT ) which was computed under the new regime quoting that the return was submitted under the new regime and requirements u/s 115 BAC not fully satisfied. The taxpayer Akshay Nitin Malu is an individual who is in […]
