![CIT(E)s Order Set Aside: ITAT Remands Matter to AO for Re-examination in Light of Landmark Judgments [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Order-Set-Aside-Re-examination-Landmark-Judgments-Tax-Law-Appeal-Remand-section-12A-taxscan.jpg "CIT(E)s Order Set Aside: ITAT Remands Matter to AO for Re-examination in Light of Landmark Judgments [Read Order]")
CIT(E)'s Order Set Aside: ITAT Remands Matter to AO for Re-examination in Light of Landmark Judgments [Read Order]
In a significant development, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside the decision of the Commissioner of Income Tax...
![Lack of Prejudice to Revenue and Non-compliance by Assessee, ITAT Remands Case for De Novo Assessment u/s 144 & 147 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-SECTION-144-SECTION-147-ITAT-Remands-De-Novo-Assessment-Lack-of-Prejudice-Lack-of-Prejudice-to-Revenue-taxscan.jpg "Lack of Prejudice to Revenue and Non-compliance by Assessee, ITAT Remands Case for De Novo Assessment u/s 144 & 147 [Read Order]")
![AO’s failure to Investigate Agricultural Income, Land Purchase Sources, and Unexplained Bank Deposits: ITAT upholds PCIT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/AO-Agricultural-Income-Agriculture-Land-Purchase-ITAT-Land-Purchase-Sources-Bank-Bank-Deposits-tax-news-AOs-Failure-itat-news-agriculture-news-land-purchase-news-ao-news-taxscan.jpg "AO’s failure to Investigate Agricultural Income, Land Purchase Sources, and Unexplained Bank Deposits: ITAT upholds PCIT Order [Read Order]")
![Proper Adjudication and Verification Needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act:ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Adjudication-Verification-Cash-Credit-Unexplained-Cash-Credit-Income-Tax-Act-TAXSCAN.jpg "Proper Adjudication and Verification Needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act:ITAT [Read Order]")
![ITR Filing within Due Date is Mandatory for Claiming Deduction u/s 80IB (10) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Ahmedabad-ITAT-Income-Tax-Income-Tax-Act-ITR-Filing-Income-Tax-Returns-Filing-Taxscan.jpg "ITR Filing within Due Date is Mandatory for Claiming Deduction u/s 80IB (10) of Income Tax Act: ITAT [Read Order]")
Sale Proceeds of Shares Properly Explained Through Documentary Evidence: ITAT Deletes Addition of 39.7 Lakhs [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of 39.7 Lakhs after the proper explanation of sale proceeds of shares through documentary evidence. The...
![Sale Proceeds of Shares Properly Explained Through Documentary Evidence: ITAT Deletes Addition of 39.7 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Sale-Proceeds-of-Shares-Documentary-Evidence-ITAT-Addition-taxscan.webp "Sale Proceeds of Shares Properly Explained Through Documentary Evidence: ITAT Deletes Addition of 39.7 Lakhs [Read Order]")
Disallowance of Donation for Milan Mandir Building Fund u/s 11(i)(d) of Income Tax Act: ITAT quashes addition on difference amount to total Income of assessee [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has overturned the disallowance of donations for the Milan Mandir Building Fund under section 11(i)(d) of the Income Tax Act,1961,...
![Disallowance of Donation for Milan Mandir Building Fund u/s 11(i)(d) of Income Tax Act: ITAT quashes addition on difference amount to total Income of assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-ITAT-Ahmedabad-ITAT-Milan-Mandir-Milan-Mandir-Building-Fund-taxscan.jpg "Disallowance of Donation for Milan Mandir Building Fund u/s 11(i)(d) of Income Tax Act: ITAT quashes addition on difference amount to total Income of assessee [Read Order]")
Failure to find any particulars furnished in ITR to be Inaccurate: ITAT deletes Penalty u/s 271 (1) of Income Tax Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has decided to delete the penalty under Section 271(1) of the Income Tax Act, as it found no inaccuracies in the particulars...
![Failure to find any particulars furnished in ITR to be Inaccurate: ITAT deletes Penalty u/s 271 (1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Failure-particulars-furnished-ITR-Inaccurate-ITAT-Penalty-Income-Tax-Act-taxscan.jpg "Failure to find any particulars furnished in ITR to be Inaccurate: ITAT deletes Penalty u/s 271 (1) of Income Tax Act [Read Order]")
Loans taken from Partnership Firms, in Violation of u/s 269SS of Income Tax Act: ITAT imposes Penalty u/s 275 (1) (c) of Income Tax Act [Read Order]
The single member bench of the Income Tax Appellate Tribunal ( ITAT ) Ahmedabad, imposed a penalty under Section 275(1)(c) of the Income Tax Act, 1961, on loans taken from partnership firms, which...
![Loans taken from Partnership Firms, in Violation of u/s 269SS of Income Tax Act: ITAT imposes Penalty u/s 275 (1) (c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Ahmedabad-Income-Tax-Partnership-Firms-TAXSCAN.jpg "Loans taken from Partnership Firms, in Violation of u/s 269SS of Income Tax Act: ITAT imposes Penalty u/s 275 (1) (c) of Income Tax Act [Read Order]")
Professional Lapse of Tax Consultant Cannot Attributed to Assessee: ITAT Condones Delay in filing Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench while condoning the delay petition filed by the assessee held that the professional lapse of tax consultant cannot be attributed to the...
![Professional Lapse of Tax Consultant Cannot Attributed to Assessee: ITAT Condones Delay in filing Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Tax-Consultant-Assessee-ITAT-Condones-Delay-Appeal.jpg "Professional Lapse of Tax Consultant Cannot Attributed to Assessee: ITAT Condones Delay in filing Appeal [Read Order]")
![Claim of setoff of Business Losses against Speculative Income is allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/business-losses-speculative-income-ITAT-taxscan.jpg "Claim of setoff of Business Losses against Speculative Income is allowable: ITAT [Read Order]")
Onetime Payment of Annual Rent as per the Lease Deed is Revenue Expenditures: ITAT Allows Deduction [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that one-time payment of annual lease rent paid does not lose the character of the annual rent, so it considers as revenue expenditures and not capital...
![Onetime Payment of Annual Rent as per the Lease Deed is Revenue Expenditures: ITAT Allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Onetime Payment of Annual Rent as per the Lease Deed is Revenue Expenditures: ITAT Allows Deduction [Read Order]")