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ITAT Surat

Cash on Hand in Real Estate Business Not Unusual, Cannot Be Taxed Solely for Demonetization Deposits: ITAT [Read Order]

Kavi Priya

The Surat Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed the appeal in a case concerning the addition of cash deposits made during...

Cash on Hand in Real Estate Business Not Unusual, Cannot Be Taxed Solely for Demonetization...

ITAT Deletes Penalty for Non-Filing of Form 15CA as Rules Were Notified Late for Non-Taxable...

ITAT Restores 80G Approval Matter to CIT(E), Citing Procedural Lapses in Rejection Order [Read...

Rental Income Offered for Taxation in One Assessment Year Cannot Taxed Again: ITAT Remits Matter to...

ITAT Upholds Rs.1.5L Penalty on Jewellery Firm for Tax Audit Non-Compliance [Read Order]

The Income Tax Appellate Tribunal (ITAT), Surat Bench, has upheld a penalty of Rs.1,50,000 imposed on a Jewellery for failure to comply with mandatory tax audit requirements under Section 44AB of the...

Rejection of Additional Evidence on Transport Expenses u/s 40(a)(ia): ITAT Remits Matter to CIT(A) [Read Order]

The Surat Bench of Income Tax Appellate Tribunal(ITAT) remanded the matter to the Commissioner of Income Tax(Appeals)[CIT(A)] for a fresh decision after rejecting the CIT(A)'s stance on the...

ITAT Condones 27-Day Delay and Accepted Trust’s Appeal u/s 80G Following CBDT Circular [Read Order]

In a recent ruling, the Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) condoned a delay of 27 days and allowed reconsideration of a trust’s application for registration under Section 80G...

ITAT Grants Relief in Trust Registration Case Despite Procedural Defaults, Subject to Conditions [Read Order]

In a recent decision, the Surat bench of the Income Tax Appellate Tribunal (ITAT) overturned a decision by the Commissioner of Income Tax (Exemption) ( CIT(E) ) that canceled the Appellant-Assessee...

ITAT Allows Appeal, Deletes Unexplained Cash Addition of Rs.3.45 Lakh Citing Agricultural Income & Bank Withdrawal Proof [Read Order]

The Income Tax Appellate Tribunal (ITAT) Surat Bench has deleted an addition of Rs.3,45,000 made towards unexplained cash deposits, accepting the assessee’s explanation supported by agricultural...

ITAT Dismisses Department’s Appeal, Upholds 5% Bogus Purchase Addition & Deletes Penalty [Read Order]

The Income Tax Appellate Tribunal (ITAT) Surat Bench has dismissed the Department’s appeals, confirming the restriction of bogus purchase addition to 5% and deletion of penalty under Section...

ITAT Confirms ₹4.10 Cr Addition U/s 69, Upholds Courts’ Authority to Dismiss Defaulted Cases [Read Order]

In a recent judgment, the Income Tax Appellate Tribunal (ITAT) of Surat upheld the addition made by the Assessing Officer (AO) under section 69 of the Income Tax Act, 1961, as the assessee failed to...