![AO cannot question Creditors Creditworthiness When Books Clearly Reflect Source, Identity, and Repayment of Funds: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "AO cannot question Creditors Creditworthiness When Books Clearly Reflect Source, Identity, and Repayment of Funds: ITAT [Read Order]")
AO cannot question Creditor's Creditworthiness When Books Clearly Reflect Source, Identity, and Repayment of Funds: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Assessing Officer ( AO ) cannot question the creditworthiness of...
![Unexplained Investment in Shares not part of Reopening Reasons recorded by AO: ITAT deletes Additions towards Accommodation Entry [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Unexplained-Investment-Shares-not-part-Reopening-Reasons-recorded-AO-ITAT-towards-Accommodation-Entry-taxscan.jpg "Unexplained Investment in Shares not part of Reopening Reasons recorded by AO: ITAT deletes Additions towards Accommodation Entry [Read Order]")
![Gujarat HC Orders Refund of Rs. 40 Lakh Voluntary GST Payment, Rules S. 54 Limitation Inapplicable [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Gujarat-HC-Orders-Refund-Voluntary-GST-Payment-GST-Payment-GST-Limitation-Inapplicable-taxscan.jpg "Gujarat HC Orders Refund of Rs. 40 Lakh Voluntary GST Payment, Rules S. 54 Limitation Inapplicable [Read Order]")
![GST not leviable on Assignment/Transfer of Leasehold Rights to third party: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/leasehold-rights-transfer.jpg "GST not leviable on Assignment/Transfer of Leasehold Rights to third party: Gujarat HC [Read Order]")
Excess GST Amount Paid Voluntarily due to System Error: Gujarat HC allows Refund without Interest [Read Order]
Recently, the Gujarat High Court has directed the Goods and Services Tax ( GST ) refund to the assessee who deposited excess tax amount of Rs. 40 lakhs to the revenue due to system error without any...
![Excess GST Amount Paid Voluntarily due to System Error: Gujarat HC allows Refund without Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/GST-Gujarat-HC-Gujarat-HC-GST-refund-cases-GST-refund-cases-Gujarat-High-Court-TAXSCAN.jpg "Excess GST Amount Paid Voluntarily due to System Error: Gujarat HC allows Refund without Interest [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 unexplained investment in property, dismissing the appeal...
![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]")
![No Additions Can Be Made Without Incriminating Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/No-Addition-Incriminating-Evidence-ITAT-assessee-appealed-to-the-CIT-CIT-Central-Board-of-Direct.jpg "No Additions Can Be Made Without Incriminating Evidence: ITAT [Read Order]")
Revenue Contests CIT(A)’s Penalty Reduction citing HC’s Pending Appeal: ITAT clarifies AO can Revise Order if HC modifies Order [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) dismissed Revenue's appeal challenging the CIT(A)’s reduction of penalties citing pending High Court appeals. The tribunal upheld the...
![Revenue Contests CIT(A)’s Penalty Reduction citing HC’s Pending Appeal: ITAT clarifies AO can Revise Order if HC modifies Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/TAT-ITAT-Ahmedabad-CITA-AO-Taxscan.jpg "Revenue Contests CIT(A)’s Penalty Reduction citing HC’s Pending Appeal: ITAT clarifies AO can Revise Order if HC modifies Order [Read Order]")
Disallowance of Commission Payments for Non-Deduction of TDS: ITAT Directs Fresh Assessment [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) directed a fresh assessment in a case involving the disallowance of commission payments for non-deduction of TDS under Section 40(a)(ia)...
![Disallowance of Commission Payments for Non-Deduction of TDS: ITAT Directs Fresh Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-TDS-Tax-Deducted-at-Source-taxscan.png "Disallowance of Commission Payments for Non-Deduction of TDS: ITAT Directs Fresh Assessment [Read Order]")
ITAT Cancels Rs. 58.97 Lakh Penalty, Says Issue is Debatable and not a Clear Case of Concealment [Read Order]
Recently, Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) set aside a penalty of Rs. 58.97 lakh imposed by the Assessing Officer ( AO ), noting that the issue of disallowance of a claim...
![ITAT Cancels Rs. 58.97 Lakh Penalty, Says Issue is Debatable and not a Clear Case of Concealment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-ITAT-Cancels-Penalty-taxscan.jpg "ITAT Cancels Rs. 58.97 Lakh Penalty, Says Issue is Debatable and not a Clear Case of Concealment [Read Order]")
ITAT upholds Reopening of Assessment u/s 147, Citing Sufficient Reasons and Compliance with Limitation [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upholds reopening of the assessment under Section 147 of Income Tax Act,1961, citing sufficient reasons for the reopening and compliance...
![ITAT upholds Reopening of Assessment u/s 147, Citing Sufficient Reasons and Compliance with Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Evidence-Income-Re-opening-of-Assessment-Assessment-Procedural-Requirement-Requirement-ITAT-Taxscan-1.jpg "ITAT upholds Reopening of Assessment u/s 147, Citing Sufficient Reasons and Compliance with Limitation [Read Order]")