Begin typing your search above and press return to search.
![Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order] Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Interest-Income-Grants-Allowance-ITAT-Grants-Allowance-taxscan.jpg)
Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest income earned by the assessee should be classified as business...


![CIT(A) Dismisses Appeal as Time-Barred Despite Extended Deadline: ITAT Orders Rehearing and ₹10,000 Cost on Revenue [Read Order] CIT(A) Dismisses Appeal as Time-Barred Despite Extended Deadline: ITAT Orders Rehearing and ₹10,000 Cost on Revenue [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg)
![Unexplained Cash Deposits of Rs.32 Lakhs: ITAT Reduces Addition Due to Incorrect Bank Deposit Amount [Read Order] Unexplained Cash Deposits of Rs.32 Lakhs: ITAT Reduces Addition Due to Incorrect Bank Deposit Amount [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN-1.jpg)
![S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order] S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-Income-Tax-Income-Tax-News-section-263-Taxscan.jpg)
![Tax Exemptions Claimed in Vivad Se Vishwas Scheme cannot be Re-agitated u/s 263 w/out New Facts: ITAT [Read Order] Tax Exemptions Claimed in Vivad Se Vishwas Scheme cannot be Re-agitated u/s 263 w/out New Facts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-Vivad-Se-Vishwas-scheme-TAXSCAN.jpg)
![ITAT Criticizes PCIT for Disallowing Rs. 4.18 Crores Interest on Unutilized Govt Grants Without Considering Corp. Submission [Read Order] ITAT Criticizes PCIT for Disallowing Rs. 4.18 Crores Interest on Unutilized Govt Grants Without Considering Corp. Submission [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Criticizes-PCIT-Interest-on-Unutilized-Govt-Grants-Interest-Unutilized-Govt-Grants-taxscan.jpg)
![ITAT Sets Aside CIT(A) Order for Failure to Provide Fair Hearing, Remands for Fresh Adjudication [Read Order] ITAT Sets Aside CIT(A) Order for Failure to Provide Fair Hearing, Remands for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Income-Tax-TAXSCAN.jpeg)
![ITAT Sets Aside Ex-Parte Order u/s 143(3) of Income Tax Act, Grants Assessee Another Chance Due to Non-Receipt of Hearing Notices [Read Order] ITAT Sets Aside Ex-Parte Order u/s 143(3) of Income Tax Act, Grants Assessee Another Chance Due to Non-Receipt of Hearing Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Income-Tax-Act-TAXSCAN-1.jpeg)
![ITAT Sets Aside Ex-Parte Order, Remands Case to CIT(A) for Fresh Hearing u/s 251 [Read Order] ITAT Sets Aside Ex-Parte Order, Remands Case to CIT(A) for Fresh Hearing u/s 251 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/itat-1.jpg)
![ITAT Upholds Gujarat Gas Ltd.s Deduction for Stamp Duty Provision u/s 35DD, citing Full Payment of Duty [Read Order] ITAT Upholds Gujarat Gas Ltd.s Deduction for Stamp Duty Provision u/s 35DD, citing Full Payment of Duty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Upholds-Gujarat-Gas-Ltd.-Gujarat-Gas-Ltd.-Deduction-for-Stamp-Duty-Stamp-Duty-taxscan.jpg)
![Compressing Natural Gas Qualifies as Manufacturing Activity: ITAT Upholds Gujarat Gas Ltd.s Additional Depreciation Claim [Read Order] Compressing Natural Gas Qualifies as Manufacturing Activity: ITAT Upholds Gujarat Gas Ltd.s Additional Depreciation Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg)
![ITAT sets aside PCIT’s Revision, Approves Additional Depreciation claim under Section 32(1)(iia) and Stamp Duty Deduction under Section 35DD [Read Order] ITAT sets aside PCIT’s Revision, Approves Additional Depreciation claim under Section 32(1)(iia) and Stamp Duty Deduction under Section 35DD [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Sets-Aside-PCITs-Revision-Principal-Commissioner-of-Income-Tax-Approves-Additional-Depreciation-taxscan.jpg)