ITAT Ahmedabad Judgments, Orders & News | Income Tax Appellate Tribunal

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ITAT Ahmedabad

ITAT Ahmedabad

Explore the latest ITAT Ahmedabad judgments, orders, and appellate decisions on direct tax matters from the Ahmedabad bench of the Income Tax Appellate Tribunal

SFIO-SEBI Findings on NSEL-CCM Scam Not Enough for additions when Trades are Fully Disclosed: ITAT

Navasree A.M

The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad Bench, has held that general findings of the Serious Fraud Investigation Office (SFIO) and...

ITAT Directs Fresh Examination of Alleged Accommodation Entry Addition Based on Investigation Wing...

Bona Fide Lease Rental Claim based on AS-19 No Ground for Penalty: ITAT Quashes ₹30 Cr Levy on Axis...

Interest on TDS/VAT/Royalty Not allowable for Deduction as it is a Statutory Expenditure: ITAT [Read...

Reopening of Assessment u/s 147 Invalid Due to Defective PCIT Approval: ITAT Quashes Entire...

Cash Transactions of Co-operative Society with its Members Not Penal if Reasonable Cause Exists: ITAT Deletes Penalties u/s 271D and 271E [Read Order]

The Income Tax Appellate Tribunal (ITAT) Bench at Ahmedabad has dismissed the Revenue’s appeals and upheld the deletion of penalties imposed under Sections 271D and 271E of the Income Tax Act, 1961....

On-Money Addition Unsustainable for Post-Search Property Purchase: ITAT Deletes ₹23 Lakh Unexplained Investment Addition [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) deleted the ₹23 lakh addition made under Section 69 of the Income Tax Act, 1961 as unexplained investment in a post-search property...

ITAT Quashes Revisionary Order u/s 263 Against Sabarmati Gas as PCIT Exceeded Scope of Show Cause Notice [Read Order]

The Income Tax Appellate Tribunal (ITAT) atAhmedabad, has set aside a revisionary order passed under Section 263 of theIncome Tax Act, 1961 after holding that the Principal Commissioner of Income Tax...

Real Estate Broker’s Excel Sheet Triggers ₹48 Lakh ‘On-Money’ Income Tax Addition: ITAT Gives Relief to Homebuyer [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) granted relief to a homebuyer after an income tax addition of Rs. 48 lakh was made on the allegation of on-money payment based...

Legal Heir Fails to Inform AO of Assessee’s Death: ITAT Remands Case to CIT(A) after Income Tax Dept Raises No Objection [Read Order]

The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has remanded a reassessment of deceased person to the Commissioner of Income Tax (Appeals) [CIT(A)] observing that the assessee had died...

Deemed Dividend u/s 2(22)(e) Inapplicable to Sister-Concern Loans: ITAT Deletes Addition [Read Order]

The two-member bench, comprising SuchitraKamble (Judicial Member), addressed the core legal issue: whether a loan transaction between two sister concerns, where a common shareholder holds a ...

Reassessment Based on Borrowed Belief from ACB Report Invalid: ITAT Quashes S.147 & S.263 [Read Order]

In a consolidated decision covering AYs 2014-19, the Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) held that reassessment proceedings initiated against the assessee were vitiated as it was...