Gujarat HC allows Capital Gain Deduction With Seized Evidence, Reverses Interim Settlement Board’s Decision [Read Order]
Capital Gain deduction under Section 54 of Income Tax Act was provided by the Gujarat High Court based on seized evidence despite non-disclosure of...
![Income Tax Reassessment Reasons amounts to be Mere Change of Opinion without Nexus with Original Materials:Â Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Gujarat-High-Court-Gujarat-HC-Income-Tax-Reassessment-Nexus-with-Original-Materials-taxscan.jpg "Income Tax Reassessment Reasons amounts to be Mere Change of Opinion without Nexus with Original Materials:Â Gujarat HC [Read Order]")
![Charging Capital Gains Tax twice on Same Land from Sale Deed Execution is Impermissible: ITAT quashes Reassessment u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Capital-Gains-Tax-income-tax-Reassessment-Section-148-Income-Tax-Act-Income-tax-act-ITAT-Delhi-TAXSCAN.jpg "Charging Capital Gains Tax twice on Same Land from Sale Deed Execution is Impermissible: ITAT quashes Reassessment u/s 148 [Read Order]")
![Unsigned Excel Sheet without Corroboration Fails as Evidence in S. 153C Income Tax Proceedings: Gujarat HC dismisses Revenue’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Gujarat-High-Court-Gujarat-HC-Income-Tax-Proceedings-Section-153C-Income-Tax-Act-Unsigned-Excel-Sheet-TAXSCAN.jpg "Unsigned Excel Sheet without Corroboration Fails as Evidence in S. 153C Income Tax Proceedings: Gujarat HC dismisses Revenue’s Appeal [Read Order]")
Gujarat HC rules Admission Fee Paid to Educational Trust is Corpus Donation, allows Exemption u/s 11(1)(d) of Income Tax Act [Read Order]
The Gujarat High Court has ruled that admission fees paid to a charitable educational trust can be considered a corpus donation and are thus eligible for exemption under Section 11(1)(d) of the...
![Gujarat HC rules Admission Fee Paid to Educational Trust is Corpus Donation, allows Exemption u/s 11(1)(d) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Gujarat-High-Court-Gujarat-HC-Income-Tax-Act-Income-Tax-Corpus-Donation-capitation-fee-taxscan.jpg "Gujarat HC rules Admission Fee Paid to Educational Trust is Corpus Donation, allows Exemption u/s 11(1)(d) of Income Tax Act [Read Order]")
Gujarat HC allows Income Tax Deduction for Payment made to Clear Mortgage, dismisses Revenue’s Appeal u/s 263 [Read Order]
The Gujarat High Court has upheld the decision of the Income Tax Appellate Tribunal ( ITAT ) to allow income tax deduction for payment made to clear a mortgage, dismissing the appeal filed by the...
![Gujarat HC allows Income Tax Deduction for Payment made to Clear Mortgage, dismisses Revenue’s Appeal u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Gujarat-High-Court-Gujarat-HC-Income-Tax-Deduction-Income-Tax-TAXSCAN.jpg "Gujarat HC allows Income Tax Deduction for Payment made to Clear Mortgage, dismisses Revenue’s Appeal u/s 263 [Read Order]")
Relief to Alembic Ltd: Gujarat HC allows Rs. 4 cr Income Tax Deduction u/s 80IA for Captive Power Plant [Read Order]
In a recent ruling, the Gujarat High Court allowed an income tax deduction of Rs. 4 crores under Section 80IA for the captive power plant of M/s Alembic Ltd. at Baroda. The court upheld the decision...
![Relief to Alembic Ltd: Gujarat HC allows Rs. 4 cr Income Tax Deduction u/s 80IA for Captive Power Plant [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-Income-Tax-Deduction-Income-Tax-Appellate-Tribunal-Gujarat-High-Court-TAXSCAN.jpg "Relief to Alembic Ltd: Gujarat HC allows Rs. 4 cr Income Tax Deduction u/s 80IA for Captive Power Plant [Read Order]")
No Merchant over time charges Leviable for Services provided by Central Excise Officer during office hours: Gujarat HC [Read order]
The Gujarat High Court has ruled that MOT (Merchant Overtime) charges are not applicable for services provided by Central Excise Officers during regular office hours. The court observed that such...
Relief to Bharti Airtel: Gujarat HC rules Distributor Discounts not Subject to TDS u/s 194 of Income Tax Act [Read Order]
The Gujarat High Court ruled in favor of Bharti Airtel Ltd., determining that the discounts offered to its distributors on pre-paid SIM cards and recharge coupons do not constitute a commission and,...
![Relief to Bharti Airtel: Gujarat HC rules Distributor Discounts not Subject to TDS u/s 194 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Gujarat-High-Court-Bharti-Airtel-Recharge-coupon-discounts-SIM-card-discounts-taxscan.jpg "Relief to Bharti Airtel: Gujarat HC rules Distributor Discounts not Subject to TDS u/s 194 of Income Tax Act [Read Order]")
Allowance of Additional Depreciation of Oil Well u/s 32(1) (iia) of Income Tax Act: Gujarat HC dismisses Revenue's Appeal [Read Order]
The Gujarat High Court has dismissed the appeal of revenue concerning the order of the Income Tax Appellate Tribunal (ITAT), allowing the assessee to claim additional depreciation under Section...
![Allowance of Additional Depreciation of Oil Well u/s 32(1) (iia) of Income Tax Act: Gujarat HC dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Allowance-Depreciation-Oil-Well-Income-Tax-Act-Gujarat-HC-Revenue-Appeal-taxscan.jpg "Allowance of Additional Depreciation of Oil Well u/s 32(1) (iia) of Income Tax Act: Gujarat HC dismisses Revenues Appeal [Read Order]")
Failure to File Claim during Insolvency Proceedings u/s 31 and 32A of IBC: Gujarat HC Abates Income Tax Appeals [Read Order]
The Gujarat High Court abated income tax appeals filed by the Commissioner of Customs (Preventive) due to the failure to file a claim during insolvency proceedings. The appeals arose from an order...
![Failure to File Claim during Insolvency Proceedings u/s 31 and 32A of IBC: Gujarat HC Abates Income Tax Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Insolvency-Proceedings-IBC-Gujarat-HC-Income-Tax-Appeals-taxscan.jpg "Failure to File Claim during Insolvency Proceedings u/s 31 and 32A of IBC: Gujarat HC Abates Income Tax Appeals [Read Order]")