ITAT Pune Judgments — June 2026

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal set aside the CIT(A)'s order and remanded the case back for a fresh adjudication. The assessee was granted one more opportunity to present their case with evidence, emphasizing the principles of natural justice.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act, 1961. The assessees are directed to file revised computations to claim the exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The ITAT found that the facts and adjudication in the CIT(A)'s order did not pertain to the assessee or the assessment order. Therefore, the order of the CIT(A) was set aside for de-novo adjudication.

The Tribunal condoned the delay in filing the appeal before the CIT(A), citing a liberal and pragmatic approach as per Supreme Court judgments. The order of the CIT(A) was set aside, and the issue was remitted back for fresh adjudication.

The Tribunal held that interest income earned by a co-operative society from deposits with scheduled banks is eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act. The character of the income does not change, and it is attributable to the society's principal business activities.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act, 1961. The assessees are directed to file revised computations for refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the Assessing Officer's order was neither erroneous nor prejudicial to the revenue. The AO had applied his mind and consciously chose not to invoke Section 68 r.w.s. 115BBE, considering the activity generating the cash was known and acceptable.

The Tribunal held that the CIT(A)/NFAC cannot dismiss an appeal for non-prosecution and set aside the CIT(A)/NFAC's order. The matter was restored to the CIT(A)/NFAC for a fresh adjudication on merits.

The Tribunal set aside the CIT(A)'s order regarding the addition of Rs. 5,52,000/- and restored the matter to the Assessing Officer for fresh adjudication. The assessee is directed to cooperate with the AO and provide necessary documentation.

The CIT(A) deleted the addition, holding that the society was merely a custodian of its members' money and not the owner. The Tribunal upheld this decision, finding no infirmity in the CIT(A)'s order.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act, 1961. The impugned orders of the CIT(A) were set aside.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act, 1961. The assessees are directed to file revised computations for refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal condoned the delay in filing the appeal before the CIT(A) based on sufficient cause, including COVID-19 restrictions and issues with tax consultancy. The case was remitted back to the CIT(A) for fresh adjudication on merits.

The Tribunal held that once an option is exercised under Section 115BAC, it applies to subsequent assessment years unless withdrawn. Since the assessee had opted for the new regime in AY 2021-22, it was applicable for AY 2022-23.

The Tribunal held that interest earned by a cooperative credit society from deposits made with banks, when such deposits are necessitated by regulations or prudent financial management of its business income, is eligible for deduction under Section 80P(2)(a). The addition made by the Assessing Officer was directed to be deleted.

The Tribunal held that interest income earned by a co-operative society from deposits with scheduled banks is eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act. The character of the income does not change, and it is attributable to the society's principal business activities.

The CIT(A) dismissed the assessee's appeal due to a delay in filing without sufficient cause. The Tribunal set aside the CIT(A)'s order, remitting the matter back to provide the assessee an opportunity to explain the delay and for fresh adjudication.

The ITAT held that the assessee had shown sufficient cause for the delay in filing the appeal before the CIT(A). The tribunal condoned the delay and set aside the CIT(A)'s order.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act, 1961. The assessees are directed to file revised computations of income to claim this exemption and any resultant refund.

The Tribunal held that interest received on compensation for compulsory acquisition of agricultural land under the Land Acquisition Act is not taxable under Section 56(2)(viii) of the Income Tax Act. It is to be treated as part of the principal compensation and is exempt under Section 10(37).

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the notice under Section 148 was bad in law as it was based on factually incorrect reasons and lacked proper application of mind. Furthermore, since the AO did not make additions on the issues mentioned in the reasons for reopening, the additions made on other grounds were also considered bad in law.

The Tribunal found inconsistencies in the CPC order and held that interest earned by the assessee from a cooperative bank is eligible for deduction under section 80P(2)(d). The matter was set aside to the AO for de-novo adjudication.

The Tribunal held that the compensation received under the BSNL VRS-2019 is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act, 1961. The assessees are directed to file revised computations of income for claiming the exemption and any resultant refund.

The Tribunal held that the notice under Section 148 was bad in law, following the Supreme Court's decision in Deepak Steel & Power Ltd. The assessment order was consequently void ab initio.

The Tribunal directed the CIT(A) to condone the delay and decide the appeal on its merits, emphasizing that substantial justice is more important than procedural delay. The CIT(A) was also instructed to provide a hearing opportunity and allow the filing of necessary documents and additional grounds.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal held that the compensation received under the BSNL VRS-2019 scheme is in the nature of retrenchment compensation and is fully exempt from tax under Section 10(10B) of the Income Tax Act. The assessees are directed to file revised computations to claim this exemption and any resultant refund.

The Tribunal admitted the additional evidence filed by the assessee in the interest of justice. However, since this evidence was not presented before the Assessing Officer (AO) or the Transfer Pricing Officer (TPO) during the original assessment proceedings, the Tribunal decided to set aside the order passed under Section 92CA(3) of the Act by the TPO. The matter was remanded to the TPO for de novo adjudication. The TPO was directed to provide the assessee with an opportunity of hearing. Following the TPO's order, the AO was to pass a Draft Assessment Order under Section 144C of the Act. The assessee would then have the liberty to file objections before the Dispute Resolution Panel (DRP) against the Draft Assessment Order. If no objections were filed before the DRP, the AO would proceed to pass the Final Assessment Order. The appeal of the assessee was allowed for statistical purposes.

The Tribunal held that interest earned by a cooperative credit society from deposits made with banks, where such deposits are mandated or permitted by cooperative society regulations, is eligible for deduction under Section 80P(2)(a). The addition made by the AO was directed to be deleted.

The Tribunal noted that the impugned order did not reference notices of hearing, indicating a lack of sufficient opportunity. Therefore, all issues were restored to the CIT(A) for fresh adjudication.

The Tribunal held that filing Form 67 is directory, not mandatory. Therefore, a belatedly filed Form 67 should be considered for allowing FTC, provided other conditions are met.