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Belated Filing of Form 10B Held Procedural and Directory; Exemption under Section 11 Allowed Where Audit Report Filed Before Completion of Proceedings: Parantap Charitable Trust vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Parantap Charitable Trust,
filed its return of income for Assessment Year 2017-18 under Section 139(4)
after getting its accounts audited. However, Form 10B was not filed
electronically ...
Exemption under Sections 11 and 12 Cannot Be Denied Without Hearing a Registered Charitable Trust; Assessment Set Aside with Cost for De Novo Adjudication: Mangal Jivan Trust vs. ITO (Exemption) (ITAT Ahmedabad)
Facts of the CaseThe assessee, Mangal Jivan Trust, a
charitable trust located at Sedrana, District Patan, filed its return of income
for Assessment Year 2023-24 declaring Nil income after claiming exemption under
Sect...
Search Assessments under Section 153A Partly Sustained and Partly Deleted; Additions Already Offered before Settlement Commission Cannot Be Re-Taxed: Dipaliben M. Shah vs. DCIT (ITAT Ahmedabad)
Facts of the CaseA search under Section 132 was conducted on
13.11.2014 in the Sigma Group, which included the assessee, Dipaliben M. Shah.
The assessee, daughter of the main group person, derived income from salary,
...
Appeal Dismissed as Non-Maintainable Where Delay of 247 Days Not Explained and Mandatory Defects Not Rectified: Devang Ravishankar Pandya vs. CIT(A) (ITAT Ahmedabad)
Facts of the CaseThe assessee, Devang Ravishankar Pandya,
proprietor of Shree Ram Petroleum, Mehsana, filed an appeal before the Income
Tax Appellate Tribunal against the order dated 28.10.2024 passed by the
Commissio...
Additions under Sections 69 and 68 Based Solely on DVO Report and Demonetisation Cash Deposits Set Aside; Matters Remanded for Fresh Adjudication: Corner Point Infrastructure Pvt. Ltd. vs. ACIT (ITAT Ahmedabad)
Facts of the CaseThe assessee, Corner Point Infrastructure
Private Limited, a builder and developer, filed its return of income for
Assessment Year 2017-18 on 07.11.2017 declaring total income of ₹39,81,884. The
cas...
80G Approval Cannot Be Denied Merely Due to Incidental Religious Objects; Matter Remanded to Verify Whether Religious Expenditure Exceeds 5% Limit: Bhaktidham Seva Trust vs. CIT(E) (ITAT Ahmedabad)
Facts of the CaseThe assessee, Bhaktidham Seva Trust, a
public charitable trust, filed an application for approval under Section
80G(5)(iii) of the Income-tax Act. The Commissioner of Income Tax (Exemption),
Ahmedabad...
Penalty under Section 271(1)(c) Quashed for Non-Specification of Charge and Change in Head of Capital Gains Not Amounting to Concealment: Ashalata Kulshrestha vs. DCIT (ITAT Ahmedabad)
Facts of the CaseThe assessee, Ashalata Kulshrestha, filed
her return of income for Assessment Year 2016-17 on 19.07.2016 declaring total
income of ₹18,54,950, which was processed under Section 143(1). The case was
...
Ex Parte Appellate Order Set Aside for Non-Application of Mind Where CIT(A) Confirmed Incorrect Addition of Cash Deposits During Demonetisation: Ahmedali Kurbanhusain Piplodwala & Co. vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Ahmedali Kurbanhusain
Piplodwala & Co., filed an appeal for Assessment Year 2017-18 against the
order dated 30.07.2025 passed by the Commissioner of Income Tax (Appeals),
National Fa...
Exemption under Sections 11 and 12 Cannot Be Denied for Delayed Filing of Form 10BB When Filed Before Processing under Section 143(1): Kinkini vs. ITO (ITAT Jaipur)
Facts of the CaseThe assessee, Kinkini, Bhilwara, an AOP-Trust engaged in charitable
activities, filed its return of income for Assessment Year 2023-24 claiming
exemption under Sections 11 and 12 of the Income-tax Act....
Unexplained Cash Deposit Addition under Section 69A Restored for Fresh Verification Where Assessee Disputed Ownership of Bank Account: Buniya Amin vs. ITO (ITAT Jaipur)
Facts of the CaseThe assessee, Buniya Amin, filed no return or replies during
reassessment proceedings for Assessment Year 2017-18. The case was reopened
under Section 147 on the basis of information regarding cash dep...