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![Increased Tax Rate of 60% u/s 115BBE not applicable to Cash Deposits during 2016 Demonetization, prospectively from April 2017: ITAT [Read Order] Increased Tax Rate of 60% u/s 115BBE not applicable to Cash Deposits during 2016 Demonetization, prospectively from April 2017: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-Section-115BBE-of-Income-Tax-Act-ITAT-on-Section-115BBE-tax-rate-TAXSCAN.jpg)
Increased Tax Rate of 60% u/s 115BBE not applicable to Cash Deposits during 2016 Demonetization, prospectively from April 2017: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the increased tax rate of 60% under Section 115BBE of the Income Tax Act...



![Ex-parte Dismissal and Addition of Rs.1.55 Crore as Unexplained Investment: ITAT Remands Case to AO [Read Order] Ex-parte Dismissal and Addition of Rs.1.55 Crore as Unexplained Investment: ITAT Remands Case to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Ex-parte-Dismissal-Unexplained-Investment-ITAT-AO-taxscan.jpg)
![ITAT Partly Allows Assessees Appeal, Directs Benefit of Rs.8 Lakhs for Unexplained Cash Deposits [Read Order] ITAT Partly Allows Assessees Appeal, Directs Benefit of Rs.8 Lakhs for Unexplained Cash Deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Unexplained-Cash-Deposits-Section-69A-ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-TAXSCAN.jpg)
![ITAT Allows Assessees Appeal, Orders CIT(A) to Decide on Foreign Tax Credit Claim Along with Pending Appeal [Read Order] ITAT Allows Assessees Appeal, Orders CIT(A) to Decide on Foreign Tax Credit Claim Along with Pending Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Income-tax-Income-tax-news-Foreign-Tax-Credit-Claim-Taxscan.jpg)
![Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order] Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Interest-Income-Grants-Allowance-ITAT-Grants-Allowance-taxscan.jpg)
![CIT(A) Dismisses Appeal as Time-Barred Despite Extended Deadline: ITAT Orders Rehearing and ₹10,000 Cost on Revenue [Read Order] CIT(A) Dismisses Appeal as Time-Barred Despite Extended Deadline: ITAT Orders Rehearing and ₹10,000 Cost on Revenue [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg)
![CIT(E) Denies Registration to Trust Engaged in Fund-Raising Activities: ITAT sets aside Denial and directs Grant u/s 12AB [Read Order] CIT(E) Denies Registration to Trust Engaged in Fund-Raising Activities: ITAT sets aside Denial and directs Grant u/s 12AB [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-ITAT-on-trust-registration-denial-TAXSCAN.jpg)
![ITAT remands case to Assessing Officer: Allows Assessee to furnish details for Unexplained Investment [Read Order] ITAT remands case to Assessing Officer: Allows Assessee to furnish details for Unexplained Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Remands-Case-Assessing-Officer-Unexplained-Investment-taxscan.jpg)
![Time Gap between Cash Withdrawal and Deposit Insufficient to treat amount as Undisclosed Income u/s 69: ITAT [Read Order] Time Gap between Cash Withdrawal and Deposit Insufficient to treat amount as Undisclosed Income u/s 69: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Time-Gap-Between-Deposit-Undisclosed-Income-taxscan.jpeg)
![Stamp Duty Value Difference Leads to Addition of Rs.1.28 Crore: ITAT Upholds CIT(A)s Decision [Read Order] Stamp Duty Value Difference Leads to Addition of Rs.1.28 Crore: ITAT Upholds CIT(A)s Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Stamp-Duty-Section-562viibii-of-Income-Tax-Act-taxscan.jpg)
![Incorrect Rejection of S.80IC Deduction due to Village Name Discrepancy: ITAT Allows Appeal [Read Order] Incorrect Rejection of S.80IC Deduction due to Village Name Discrepancy: ITAT Allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Incorrect-Rejection-Deduction-Due-to-Village-Name-Discrepancy-ITAT-taxscan.jpg)
![Disallowance of Deduction on Interest from Co-Operative Banks: ITAT allows Deduction u/s 80P(2)(d) [Read Order] Disallowance of Deduction on Interest from Co-Operative Banks: ITAT allows Deduction u/s 80P(2)(d) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-ITAT-TAT-Allows-Deduction-Co-operative-Bank-Taxscan.jpg)