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Suchitra Kamble

Section 54F Deduction under Income Tax cannot be Denied without Examining Construction Evidence: ITAT [Read Order]

The Surat bench of Income Tax Appellate Tribunal ( ITAT) has held that deduction under Section 54F cannot be denied without examining the...

Student cannot be Taxed for Temporary Family Deposits made to Show Financial Capacity Abroad: ITAT...

LTCG to be Computed from Taxpayer’s First Year as Property Holder: ITAT Notes Error in Indexation...

No S. 50C Addition When Sale Price Exceeds Stamp Value: ITAT Deletes Addition Caused by...

Interest on TDS/VAT/Royalty Not allowable for Deduction as it is a Statutory Expenditure: ITAT [Read...

ITAT Quashes Revisionary Order u/s 263 Against Sabarmati Gas as PCIT Exceeded Scope of Show Cause Notice [Read Order]

The Income Tax Appellate Tribunal (ITAT) atAhmedabad, has set aside a revisionary order passed under Section 263 of theIncome Tax Act, 1961 after holding that the Principal Commissioner of Income Tax...

Deemed Dividend u/s 2(22)(e) Inapplicable to Sister-Concern Loans: ITAT Deletes Addition [Read Order]

The two-member bench, comprising SuchitraKamble (Judicial Member), addressed the core legal issue: whether a loan transaction between two sister concerns, where a common shareholder holds a ...

Gold Sale of ₹11.27 Lakh Treated as Accommodation Entry u/s 69A: ITAT Holds Transaction Genuine and Deletes Addition [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that a gold sale transaction of ₹11.27 lakh, earlier treated as an accommodation entry under Section 69A of Income Tax Act,1961,...

Unexplained Cash Credit Addition of ₹1.77 Cr: ITAT Remands Matter for Verification of Agricultural Income and Submitted Evidence [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal Remanded the matter for verification of Agricultural Income and evidence submitted by the assessee in the case involving unexplained cash ...

Objects Held Not Charitable as Benefits Limited to Members, Not Public at Large: ITAT Upholds CIT(E) Order Rejecting 12AB Registration [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the order of the Commissioner of Income Tax (Exemptions) (CIT(E)) rejecting the 12AB registration as its objects were for...

Mismatch in Form 26AS Led to ₹15.43 lakh Addition: ITAT Remands Matter to AO for Verification [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Assessing Officer (AO) for verification, after noting that an addition of ₹15.43 lakh was made due to...

Unexplained Cash Deposit During Demonetisation Led to Addition in Income: ITAT Restores Matter to AO [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) restored the matter to the Assessing Officer (AO) noting that the assessee had failed to properly explain a cash deposit of Rs. 26.5...