Vehicle expenses allowed as expense to the Company when vehicle is used by Director employees
The ITAT, Pune in M/s. Pushpak Steel Industries Pvt. Ltd. v. ACIT, Circle-10, Pune [ITA No. 301/PUN/2023 dated on May,…
Tag: ITAT Pune
Deemed rent not applicable on unsold flats by builder treated as stock-in-trade
The ITAT, Pune in Pride and Expert Properties Pvt. Ltd. v. ACIT [ ITA No.860/PUN/2022 dated February 14, 2023] has…
Credit of TDS to be allowed for salaries even if the same is not deposited with the exchequer
The ITAT, Pune in Mukesh PadamchandSogani v. ACIT, [ITA No.29/PUN/2022 dated January 30, 2023] has overturned the order passed by…
Expenditure incurred during the interval period of setting up of a new business and its commencement can be allowed as deduction
The ITAT, Pune in Messung Systems Private Limited v. ITO [ITA No.683/PUN/2018 dated November 7, 2022] partly allowed the appeal…
Income Tax penalty can’t be imposed for inadvertent and bonafide mistake: ITAT
The Pune Bench of the Income Tax Appellate Tribunal (ITAT), headed by R.S. Syal (Vice President) and Partha Sarathi Chaudhury…
Subsidy received from the Govt. in the form of Refund of VAT and CST, to encourage industrial growth, is a capital receipt: Pune ITAT
The Pune Bench of ITAT has ruled that a subsidy granted by the State of Maharashtra, with the objective of…