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
![Loss out born from Sale of Govt Securities by Bank is Business Loss: ITAT allows Income Tax Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Loss-Sale-of-Govt-Securities-Bank-Business-Loss-ITAT-Income-Tax-Deduction-taxscan.jpg "Loss out born from Sale of Govt Securities by Bank is Business Loss: ITAT allows Income Tax Deduction [Read Order]")
Loss out born from Sale of Govt Securities by Bank is Business Loss: ITAT allows Income Tax Deduction [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that loss out born from sale of govt securities by bank is business loss and...
![Ratification application under section154 of cannot be termed as Time-Barred If Taxpayer Responded to Notice issued under Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Ratification-application-section154-of-Time-Barred-If-Taxpayer-Responded-to-Notice-issued-under-Act-ITAT-TAXSCAN.jpg "Ratification application under section154 of cannot be termed as Time-Barred If Taxpayer Responded to Notice issued under Act: ITAT [Read Order]")
![ITAT rules Expenditures on Freebies to Doctors by Pharmaceutical Sector Violate MCI Regulations, Disallows Deductions under Section 37(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Expenditures-on-Freebies-Doctors-Pharmaceutical-Sector-Violate-MCI-Regulations-Disallows-Deductions-Income-Tax-Act-taxscan.jpg "ITAT rules Expenditures on Freebies to Doctors by Pharmaceutical Sector Violate MCI Regulations, Disallows Deductions under Section 37(1) of Income Tax Act [Read Order]")
![ITAT Grants Deductions for Notice Pay, Scrap Sales and Miscellaneous Income u/s 80 IC of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Deductions-for-Notice-Pay-Scrap-Sales-Miscellaneous-Income-of-Income-Tax-Act-taxscan.jpg "ITAT Grants Deductions for Notice Pay, Scrap Sales and Miscellaneous Income u/s 80 IC of Income Tax Act [Read Order]")
![Jurisdictional notice u/s 143(2) of Income Tax Act issued beyond prescribed limitation period: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Income-Tax-Assessment-order-TAXSCAN.jpg "Jurisdictional notice u/s 143(2) of Income Tax Act issued beyond prescribed limitation period: ITAT quashes Assessment Order [Read Order]")
Determination of Income in Assessment Order cannot be basis for Filing of ITR u/s 139 (1): ITAT Quashes Penalty u/s 271 F of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) quashes penalty under Section 271F of the Income Tax Act, stating that determination of income in the assessment order cannot serve as the basis for filing...
![Determination of Income in Assessment Order cannot be basis for Filing of ITR u/s 139 (1): ITAT Quashes Penalty u/s 271 F of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Labor-Expenses-Capitalised-Land-value-No-Deduction-claimed-P-L-Account-ITAT-deletes-taxscan.jpg "Determination of Income in Assessment Order cannot be basis for Filing of ITR u/s 139 (1): ITAT Quashes Penalty u/s 271 F of Income Tax Act [Read Order]")
Labor Expenses Capitalised in Land value, No Deduction claimed in P & L Account: ITAT deletes Addition of 1.74 crore [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of 1.74 crore after finding that labor expenses capitalized in land value did not warrant deduction claimed in...
![Labor Expenses Capitalised in Land value, No Deduction claimed in P & L Account: ITAT deletes Addition of 1.74 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Labor-Expenses-Capitalised-Land-value-No-Deduction-claimed-in-P-L-Account-ITAT-taxscan.jpg "Labor Expenses Capitalised in Land value, No Deduction claimed in P & L Account: ITAT deletes Addition of 1.74 crore [Read Order]")
ITR Filing within Due Date is Mandatory for Claiming Deduction u/s 80IB (10) of Income Tax Act: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the Income Tax Return filing within due date in mandatory for claiming deduction under Section 80IB (10) of Income Tax...
![ITR Filing within Due Date is Mandatory for Claiming Deduction u/s 80IB (10) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Ahmedabad-ITAT-Income-Tax-Income-Tax-Act-ITR-Filing-Income-Tax-Returns-Filing-Taxscan.jpg "ITR Filing within Due Date is Mandatory for Claiming Deduction u/s 80IB (10) of Income Tax Act: ITAT [Read Order]")
Sale Deed Classified as Capital Asset, Qualifies for Long-Term Capital Gain Deduction under Section 54B: ITAT [Read Order]
In a recent decision the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that sale deed classified as capital asset, qualifies for long-term capital gain deduction under...
![Sale Deed Classified as Capital Asset, Qualifies for Long-Term Capital Gain Deduction under Section 54B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Income-tax-Income-tax-news-Capital-Gain-Long-Term-Capital-Gain-taxscan.jpg "Sale Deed Classified as Capital Asset, Qualifies for Long-Term Capital Gain Deduction under Section 54B: ITAT [Read Order]")
Sale Proceeds of Shares Properly Explained Through Documentary Evidence: ITAT Deletes Addition of 39.7 Lakhs [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of 39.7 Lakhs after the proper explanation of sale proceeds of shares through documentary evidence. The...
![Sale Proceeds of Shares Properly Explained Through Documentary Evidence: ITAT Deletes Addition of 39.7 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Sale-Proceeds-of-Shares-Documentary-Evidence-ITAT-Addition-taxscan.webp "Sale Proceeds of Shares Properly Explained Through Documentary Evidence: ITAT Deletes Addition of 39.7 Lakhs [Read Order]")
Plant and Machinery Held Over 36 Months Deemed Long-Term Capital Assets u/s 2 (42 A) of Income Tax Act: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT) observed that plant and machinery held over 36 months deemed long-term capital assets under Section 2 (42A) of Income Tax Act, 1961. ...
![Plant and Machinery Held Over 36 Months Deemed Long-Term Capital Assets u/s 2 (42 A) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Plant-and-Machinery-Long-Term-Capital-Assets-Income-Tax-Act-ITAT-taxscan.jpg "Plant and Machinery Held Over 36 Months Deemed Long-Term Capital Assets u/s 2 (42 A) of Income Tax Act: ITAT [Read Order]")
Failure to appeal before Lower Authorities due to sudden resignation of Accountant without intimation: ITAT directs Re adjudication [Read Order]
The Ahmedabad bench Income Tax Appellate Tribunal ( ITAT ) on account of failure to appeal before the lower authorities due to the sudden resignation of accountant without intimation directed...
![Failure to appeal before Lower Authorities due to sudden resignation of Accountant without intimation: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Income-Tax-sudden-resignation-Readjudication-taxscan.jpg "Failure to appeal before Lower Authorities due to sudden resignation of Accountant without intimation: ITAT directs Re adjudication [Read Order]")