The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the domestic transactions with an Associate Enterprise (AE) would not constitute “Specific Domestic Transactions” for the purpose of Section 92BA of the...
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty under section 271(c)(1) of the Income Tax Act cannot be made merely on the basis of the declaration made by...
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the concept of “Audi alteram partem” being an essential element to preserve natural justice, should be followed in the tax proceedings. The income tax...
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the genuineness of the share application money cannot be suspected without a proper inquiry by the Assessing Officer. In the instant case, the Assessing...
In a recent case, the Income Tax Appellate Tribunal (ITAT), Ahmedabad held that if the assessee failed to furnish full details of income required by Assessing Officer, by virtue of Section 271(1)(c) of the Income...
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad while considering an appeal held that “The same income cannot be taxed in two assessment years simultaneously as per the scheme of taxation. Thus, while the...
In a major setback to the income tax department, the Income Tax Appellate Tribunal ( ITAT ), Ahmedabad bench has dismissed more than 600 appeals in a single day. The cases were dismissed on the...
The Ahmedabad bench of the ITAT has held that Section 50C of the Income Tax Act, 1961 cannot be invoked in case of brokerage costs incurred on the sale consideration by the purchaser. The assessee,...
The Ahmedabad bench of the ITAT has held that the assessee cannot be penalized on ground of a retrospective amendment under the Income Tax Act, 1961. The assessee, Baroda Cricket Association, is an AOP (Trust)...
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under Section 54 of the Income Tax Act, 1961 cannot be availed in case of purchase of land...
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) in the case of Shri Rajeshkumar Navnitlal Dani v. ITO vide its order dated April 10, 2019, held that LTC can be claimed only towards...
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has disallowed a fake claim for deduction because it was proved that the rent paid to mother was nothing, but an afterthought to claim tax...
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld an addition made against an agriculturalist for the reason that the land was non-agricultural during the time of sale. The assessee...
In a major relief to Bharti Airtel, the Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the roaming charges paid by the Bharati Airtel to other telecom companies does not attract TDS under...
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the capital gain exemption under Section 54F of the Income Tax Act, 1961 would be allowable in case where the house has been constructed...
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) in the case of Gujarat Cricket Assn. v. J.CIT held that assessee engaged in promoting and developing the game of cricket is engaged in carrying...
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench has recently granted relief to one of the relatives of the Ambuja Cements Ltd, holding that the gift received from brother-in-law is exempted from income tax. The...
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) held that the relief under section 54F of the Income Tax Act would be available to the assessee even if there was a...
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad bench has held that the frequency, magnitude of the transaction in a systematic manner cannot be the criteria to hold that the assessee is engaged in...
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad bench has held that the Company is eligible to get the deduction in respect of the vehicles registered in the name of its Director. The bench...
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad has recently allowed expenses incurred by a Hospital for conducting a seminar for the medical practitioners abroad that too with the financial aid from the Pharmaceutical...
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