ITAT Ahmedabad Judgments, Orders & News | Income Tax Appellate Tribunal

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ITAT Ahmedabad

Explore the latest ITAT Ahmedabad judgments, orders, and appellate decisions on direct tax matters from the Ahmedabad bench of the Income Tax Appellate Tribunal

Reassessment Based on Borrowed Belief from ACB Report Invalid: ITAT Quashes S.147 & S.263 [Read Order]

Sandhra Suresh

In a consolidated decision covering AYs 2014-19, the Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) held that reassessment proceedings...

Business Loss on Wind Turbine Generators Capital in Nature: ITAT Upholds Disallowance of ₹10.42...

Business Expenses Incurred Wholly for Proprietorship and Partnership Activities cannot be Denied on...

No Misreporting, No Penalty: ITAT Deletes ₹7.40 Crore Levy u/s 270A on Gujarat Energy Development...

ITAT deletes ₹1.53 Crore Addition on Petrol Pump’s Demonetization Cash Deposits, citing Legal...

ITAT Dismisses Rotary Club’s 12A Registration and 80G Approval Appeals Ex Parte for Non-Appearance [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has dismissed appeals filed by a Rotary Club seeking registration under Section 12A(1)(ac)(iii) and approval under Section 80G(5)(iii) of the...

Absence of Proof on Interest-Free Funding for Exempt Investments: ITAT Remands Matter for Verification [Read Order]

The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) directed a fresh verification of the disallowance made under Section 14A read with Rule 8D, after finding that the assessee had not...

Possible Double Disallowance of Bonus and Interest u/s 43B: ITAT Remands for Verification to Prevent Duplication [Read Order]

The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has directed verification of potential duplication in the disallowance of unpaid bonus and interest under Section 43B of the Income Tax...

Unspent Research Grant of ₹13.05 Lakh Treated as Deferred Liability: ITAT Holds Amount Non-Taxable Until Project Utilisation [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has ruled that an unutilised research grant received from the Department of Scientific and Industrial Research (DSIR) cannot be treated as...

Partial Relief for IIECL: ITAT Holds Only Profit Margin Taxable, Restricts Addition on ₹92.20 Lakh Bogus Purchases to 5% [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that only the profit margin was taxable and restricted the addition on ₹92.20 lakh bogus purchases to 5%, thereby granting...

Unexplained Cash Deposits in Co-op Credit Society Require Verification: ITAT Remands ₹5 Cr Addition u/s 69A for Fresh Adjudication [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a ₹5 crore addition made under Section 69A of the Income Tax Act, holding that cash deposits in a co-operative credit...

Denial of Exemption u/s 10(23C)(via) Due to Mismatch in Registration Details: ITAT Set Aside CIT(A) Order [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the order of the Commissioner of Income Tax (Appeals)[CIT(A)] and remands matter for de novo adjudication where exemption ...