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

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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

Goodwill Depreciation: ITAT allows Depreciation Claims for AYs 2016- 18 Despite 2021 Finance Bill Exclusion [Read Order]

Saagarika Gopinath

In a recent ruling, the Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed claims for goodwill depreciation from the amalgamation...

Valid Reason Necessary for Invoking Income Tax Reassessment Proceedings: ITAT [Read Order]

Interest Income from FDRs with other Cooporative Banks eligible for deduction u/s 80P (2)(d): ITAT...

ITAT upholds CIT(A) Order, Dismissing Revenue's Challenge on Unexplained Loan Repayment of Rs. 1.04...

ITAT declares Reopening u/s 147 Invalid due to Lack of Fresh Tangible Material [Read Order]

Income Tax Case Digest: Addition on Bogus Purchases under Income Tax Act

The word bogus refers to fake, false, sham, or not genuine. Bogus purchases under the Income Tax Act, 1961 refer to transactions where taxpayers falsely claim purchases from fictitious or...

Hearing Opportunity not Provided by CIT(A) while Not Condoning Delay: ITAT restores Appeal for Fresh Adjudication [Read Order]

In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) restored the file in which penalty was imposed on the assessee for fresh adjudication due to procedural lapses...

ITAT upholds CIT(A) decision, Rejects Revenue's Claim of Rs.8.77 Crore Income Understatement, Confirms Booking Advances, Not Consultancy Fees [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the decision of the Commissioner of Income Tax(Appeals)[CIT(A)], rejecting the Revenue's claim of Rs. 8.77 Crore income...

ITAT dismisses Revenue Appeal on Ground of CBDT Circular on Low Tax Effect [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal filed by the Revenue as the case is non-maintainable at the court of law, as mandated by CBDT Circular on low...

ITAT deletes Disallowance of Trading Loss on Alleged Penny Stock Shares Due to Insufficient Evidence of Price Manipulation [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) deleted the disallowance of trading losses claimed by the assessee on alleged penny stock shares, citing insufficient evidence of price...

Compliance with S. 249(4)(b) of Income Tax is Mandatory: ITAT Rules Non-Payment of Advance Tax Bars Taxpayer's Right to Appeal [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that compliance with Section 249(4)(b) of the Income Tax Act is mandatory and failure to pay advance tax/self-assessment tax bars...

ITAT Rejects Revenue's Rs. 39.52 Lakh Overstatement of purchase claim, upholds CIT(A) Ruling due to GST Period Difference [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal( ITAT ) rejected the Revenue’s claim of Rs. 39.52 lakh overstatement of purchases, upholding the Commissioner of Income Tax(Appeals)[CIT(A)]...

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