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
![Credit Society wherein Finance Business is Confined only to its members is Eligible for benefit u/s 80P: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Credit Society wherein Finance Business is Confined only to its members is Eligible for benefit u/s 80P: ITAT Ahmedabad [Read Order]")
Credit Society wherein Finance Business is Confined only to its members is Eligible for benefit u/s 80P: ITAT Ahmedabad [Read Order]
The ITAT, Ahmedabad bench in a recent decision, ruled that a credit society engaged in the business of financing its own members are entitled to claim...
![It is the Sufficiency of Reasons, not the Length of Delay matters while considering a Delay Condonation Petition: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "It is the Sufficiency of Reasons, not the Length of Delay matters while considering a Delay Condonation Petition: ITAT Ahmedabad [Read Order]")
![Non-Imposition of Penalty is not a Valid Ground for Exercising Revisional Power: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/ITAT-Ahmedabad.jpg "Non-Imposition of Penalty is not a Valid Ground for Exercising Revisional Power: ITAT Ahmedabad [Read Order]")
![No Penalty if the Assessee Admits his Undisclosed Income during the Course of Search Proceedings: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "No Penalty if the Assessee Admits his Undisclosed Income during the Course of Search Proceedings: ITAT Ahmedabad [Read Order]")
No Power is Entrusted with the Tribunal to give directions for Grant of Interest on Refund: ITAT Ahmedabad [Read Order]
The Ahmedabad bench of the Income tax Appellate Tribunal, in a recent decision held that the Tribunal, under the provisions of the Income Tax Act, 1961, has no power to give directions to the...
![No Power is Entrusted with the Tribunal to give directions for Grant of Interest on Refund: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Chandigarh-Taxscan.jpg "No Power is Entrusted with the Tribunal to give directions for Grant of Interest on Refund: ITAT Ahmedabad [Read Order]")
Collection of Cess by Amul Research & Development Association shall be treated as ‘Medical Relief’, Exemption cannot be denied: ITAT Ahmedabad [Read Order]
Recently, the Ahmedabad bench of the Income Tax Appellate Tribunal has refused to deny the exemption granted to the Trust, Amul Research & Development Association by observing that the activity of...
![Collection of Cess by Amul Research & Development Association shall be treated as ‘Medical Relief’, Exemption cannot be denied: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Amul.jpg "Collection of Cess by Amul Research & Development Association shall be treated as ‘Medical Relief’, Exemption cannot be denied: ITAT Ahmedabad [Read Order]")
Application u/s 50C to determine Capital Gain is not a Conclusive Proof that sale deed is incorrect or wrong: ITAT Ahmedabad [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal, in a recent decision, held that determination capital gain by applying section 50C of the Income Tax Act, 1961 cannot be treated as a...
Assessee is free to extend credit facility to any concern; AO cannot compel them for conducting the Business: ITAT Ahmedabad [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal, in recent ruling opined that the assessee is free to choose the concerns to which it wants to extend the credit facility. The Assessing...
Entire expenses incurred on Non-convertible debentures are allowable as Deduction even If they are redeemable after 5 Years: ITAT Ahmedabad [Read Order]
The Ahmedabad division of Income Tax Appellate Tribunal recently allowed the entire amount of expenses in respect of Non-convertible debentures in the year in which they were incurred by the assessee....
![Entire expenses incurred on Non-convertible debentures are allowable as Deduction even If they are redeemable after 5 Years: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Non-Convertible-debuntures-Tax-Scan.jpg "Entire expenses incurred on Non-convertible debentures are allowable as Deduction even If they are redeemable after 5 Years: ITAT Ahmedabad [Read Order]")
Settlement amount of dispute after more than 2 yrs of Sale deed cannot be allowed as Expenditure Incurred: ITAT Ahmedabad [Read Order]
The Ahmedabad bench of the Income Tax Tribunal in recent ruling held that, under the provisions of the Income Tax Act, 1961,the amount paid by the assessee as settlement of dispute in connection with...
Gain on Purchase & Sales of Shares is to be assessed under the Head “Capital Gains”; ITAT Ahmedabad [Read Order]
The Ahmedabad SMC Bench of Income Tax Appellate Tribunal recently ruled that the gain on purchase and sales of shares is to be assessed as a short term capital gain/long term capital gain under the...
