![Reopening of Assessment for unexplained Investment in Property: ITAT upholds Reopening [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Upholds-Reopening-Reopening-of-Assessment-Unexplained-Investment-ITAT-Upholds-Investment-in-Property-taxscan.jpg "Reopening of Assessment for unexplained Investment in Property: ITAT upholds Reopening [Read Order]")
Reopening of Assessment for unexplained Investment in Property: ITAT upholds Reopening [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the reopening of assessment under Section 147 of Income Tax Act,1961 for...
![ITAT Sets Aside CIT(A) Order, Directs NFAC to Resolve Appeal Alongside Pending Assessment Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/NFAC-bound-NFAC-CBDT-CBDT-Circular-ITAT-Taxscan.jpg "ITAT Sets Aside CIT(A) Order, Directs NFAC to Resolve Appeal Alongside Pending Assessment Matter [Read Order]")
![ITAT Upholds CIT(A) Ruling on Unexplained Cash Credits Due to Acceptance of Genuineness in Remand Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Upholds-Deletion-of-Additions-ITAT-Share-Application-Capital-Share-Capital-Unexplained-Cash-Credits-Income-Tax-Act-ITAT-Upholds-Deletion-Additions-Made-on-Account-of-Share-Application-Taxscan.jpg "ITAT Upholds CIT(A) Ruling on Unexplained Cash Credits Due to Acceptance of Genuineness in Remand Report [Read Order]")
Severance Compensation of Rs.15.5 Lakhs Deemed Capital Receipt, not Taxable u/s 17(3) of Income Tax Act: ITAT deletes AO Addition [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)ruled that the severance compensation of Rs. 15.5 lakhs received by the appellant-assessee was a capital receipt, not taxable under Section...
![Severance Compensation of Rs.15.5 Lakhs Deemed Capital Receipt, not Taxable u/s 17(3) of Income Tax Act: ITAT deletes AO Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Carbon-Credit-Receipt-is-Capital-Receipt-Carbon-Credit-Receipt-Capital-Receipt-ITAT-deletes-Income-Tax-Addition-ITAT-Income-Tax-Addition-Taxscan.jpg "Severance Compensation of Rs.15.5 Lakhs Deemed Capital Receipt, not Taxable u/s 17(3) of Income Tax Act: ITAT deletes AO Addition [Read Order]")
Relief to Afflatus Gravures: CESTAT upholds Service Tax Exemption for Essential Chrome Plating Process [Read Order]
In the recent ruling,the Ahmedabad bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) granted relief to Afflatus Gravures Pvt Ltd by upholding the Service Tax exemption for their...
![Relief to Afflatus Gravures: CESTAT upholds Service Tax Exemption for Essential Chrome Plating Process [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/site-imd-3.jpg "Relief to Afflatus Gravures: CESTAT upholds Service Tax Exemption for Essential Chrome Plating Process [Read Order]")
Software Project Abandoned with No Enduring Benefit, Expenses treated as Revenue in Nature: ITAT Deletes Addition [Read Order]
The two member bench of the Income Tax Appellate Tribunal (ITAT), Ahmedabad ruled that expenses incurred on a software project, which was ultimately abandoned and provided no enduring benefit, should...
![Software Project Abandoned with No Enduring Benefit, Expenses treated as Revenue in Nature: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Service-Tax-Leviable-Services-Nature-Software-Development-CESTAT-taxscan.jpeg "Software Project Abandoned with No Enduring Benefit, Expenses treated as Revenue in Nature: ITAT Deletes Addition [Read Order]")
No Opportunity of Hearing Required for Taxpayer when Case is Transferred between AO’s within Same City u/s 127 (3): ITAT dismisses Appeal [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal, ruling that no opportunity of hearing was required for the taxpayer when a case is transferred between Assessing...
![No Opportunity of Hearing Required for Taxpayer when Case is Transferred between AO’s within Same City u/s 127 (3): ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-28-at-12.42.38_3dd72db0.jpg "No Opportunity of Hearing Required for Taxpayer when Case is Transferred between AO’s within Same City u/s 127 (3): ITAT dismisses Appeal [Read Order]")
Interest Income from Fixed Deposits Can be Set Off against Property Maintenance Expenses: ITAT [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) recently held in a case that interest income from fixed deposits can be set off against property maintenance expenses. The assessee/...
![Interest Income from Fixed Deposits Can be Set Off against Property Maintenance Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Tax-Saver-Fixed-Deposit-Tax-Saver-Fixed-Deposit-Tax-Tax-Saving-Saving-Top-10-Tax-Saving-FDs-in-India-Taxscan.jpg "Interest Income from Fixed Deposits Can be Set Off against Property Maintenance Expenses: ITAT [Read Order]")
S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) contended that Section 54F of the Income Tax Act, 1961 allows for a deduction on long-term capital gains when these gains are...
![S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Deduction-LTCG-claimed-Invested-Residential-Property-ITAT-taxscan.jpg "S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]")
![Software Supplied as Loaded on Medium is to be Treated as Sale Not Service: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/CESTAT-Software-Sale-Not-Service-Ahmedabad-bench-TAXSCAN.jpg "Software Supplied as Loaded on Medium is to be Treated as Sale Not Service: CESTAT [Read Order]")