Read all Latest Updates on and about T.R. Senthil Kumar (Judicial Member)

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T.R. Senthil Kumar...

Natural Justice Violations: ITAT restores Foundation’s Applications for Income Tax Section 12AB and 80G Registration [Read Order]

Manu Sharma

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has set aside orders of the Commissioner of Income Tax (Exemptions) [CIT(E)], which...

Common Area Maintenance Charges Not Taxable as Rental Income: ITAT Deletes ₹17.08 Lakh Addition...

ITAT Denies 80G Exemption as Educational Trust Fails to Justify Donations to Other Trusts [Read...

Unsubstantiated Foreign Remittances Ineligible for Exemption u/s 10(4): ITAT Partly Upholds Claim...

Additions u/s 69A Set Aside: ITAT Directs Fresh Assessment Allowing Taxpayer to File Additional...

Additions u/s 68/69A Cannot Survive Once Creditor Details Identity, Creditworthiness, and Genuineness Are Proved: ITAT [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, held that the addition made under Section 68/69A of the Income Tax Act, 1961, could not be sustained once the details of...

Cera Sanitaryware wins on Section 14A issue; improper invocation of Rule 8D leads to deletion of Rs.4.70 lakh disallowance [Read Order]

The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench has ruled in favor of Cera Sanitaryware Limited, deleting a disallowance of Rs.4,70,331 made under Section 14A of the Income Tax Act, 1961,...

ITAT Rejects ₹1.17 Crore Addition as Unexplained Cash Credit on LTCG from Shares due to Lack of Evidence [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) rejected the addition of Rs. 1,17,78,534/- as unexplained cash credit on Long-Term Capital Gain (LTCG) from shares due to lack of evidence....

Denial of Fair Opportunity and Inadequate Evidence Examination: ITAT Restores Matter to AO [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT)restored the matter to the Assessing Officer (AO) after finding that the Commissioner of Income Tax (Appeals)[CIT(A)] had denied the...

ITAT Ahmedabad upholds Classification of Interest Income from Employee Loans as Business Income [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has delivered a noteworthy decision, affirming the classification of interest income from employee loans as "business income." In a...

ITAT Dismisses Revenue's Appeal Against Sun Gold Capital Limited due to Low Tax Effect as per CBDT Circular [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeal against Sun Gold Capital Limited due to low tax effect as per Central Board of Direct Taxes (CBDT) Circular...

Adani Infrastructure Gets Relief from ITAT: Revision Order Passed by PCIT Set Aside Due to Lack of Error and Prejudice [Read Order]

The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench ruled in favor of the assessee, setting aside the revision order passed by the Principal Commissioner of Income Tax (PCIT)-1, Ahmedabad, under...