ITAT Agra Judgments — January 2026

The tribunal held that the AO exceeded jurisdiction by treating all bank credits as business income and estimating it. The case was remitted back to the AO to verify only the cash deposits as per the limited scrutiny criteria, ensuring the assessee is given a proper opportunity to be heard.

The Tribunal condoned a 7-day delay in filing appeals and remitted the penalty appeals back to the Assessing Officer. The AO is directed to await the outcome of the assessee's quantum appeals before the Hon'ble High Court and then initiate penalty proceedings afresh, providing the assessee with an opportunity to be heard.

The Tribunal condoned a 7-day delay in filing appeals and remitted the penalty appeals back to the Assessing Officer. The AO is directed to await the outcome of the assessee's quantum appeals before the Hon'ble High Court and then initiate penalty proceedings afresh, providing the assessee with an opportunity to be heard.

The Tribunal held that a mere clerical mistake in Form-10B should not lead to the denial of a permissible deduction under Section 11(1)(a), especially when the assessee had correctly claimed the deduction in its return of income. Relying on a precedent, the Tribunal found that the 15% accumulation under Section 11(1)(a) is automatic and not subject to conditions that would be negated by a clerical error.

The Tribunal condoned a 7-day delay in filing appeals and remitted the penalty appeals back to the Assessing Officer. The AO is directed to await the outcome of the assessee's quantum appeals before the Hon'ble High Court and then initiate penalty proceedings afresh, providing the assessee with an opportunity to be heard.

The Tribunal found that the assessee had maintained books of account and that genuine business expenditures should not be rejected merely because the assessee wrongly claimed benefit under Section 44AD. It directed the Assessing Officer to allow the claimed business expenditures and consequently deleted the penalty under Section 271A.

The Tribunal condoned a 7-day delay in filing appeals and remitted the penalty appeals back to the Assessing Officer. The AO is directed to await the outcome of the assessee's quantum appeals before the Hon'ble High Court and then initiate penalty proceedings afresh, providing the assessee with an opportunity to be heard.

The Tribunal condoned a 7-day delay in filing appeals and remitted the penalty appeals back to the Assessing Officer. The AO is directed to await the outcome of the assessee's quantum appeals before the Hon'ble High Court and then initiate penalty proceedings afresh, providing the assessee with an opportunity to be heard.

The Tribunal condoned a 7-day delay in filing appeals and remitted the penalty appeals back to the Assessing Officer. The AO is directed to await the outcome of the assessee's quantum appeals before the Hon'ble High Court and then initiate penalty proceedings afresh, providing the assessee with an opportunity to be heard.

The Tribunal condoned a 7-day delay in filing appeals and remitted the penalty appeals back to the Assessing Officer. The AO is directed to await the outcome of the assessee's quantum appeals before the Hon'ble High Court and then initiate penalty proceedings afresh, providing the assessee with an opportunity to be heard.

The Tribunal condoned a 7-day delay in filing appeals and remitted the penalty appeals back to the Assessing Officer. The AO is directed to await the outcome of the assessee's quantum appeals before the Hon'ble High Court and then initiate penalty proceedings afresh, providing the assessee with an opportunity to be heard.