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
![Penalty u/s 271D of Income Tax Act cant be imposed on loan transactions made through Banking Channels: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Penalty-Income-Tax-Act-imposed-loan-transactions-Banking-Channels-ITAT-taxscan.jpg "Penalty u/s 271D of Income Tax Act cant be imposed on loan transactions made through Banking Channels: ITAT [Read Order]")
Penalty u/s 271D of Income Tax Act can't be imposed on loan transactions made through Banking Channels: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty under Section 271D of the Income Tax Act, 1961 cannot be...
![ITAT deletes addition made towards Cash Deposit in Bank Account without considering source of cash from PG Income [Read More]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-deletes-addition-towards-Cash-Deposit-Bank-Account-considering-source-cash-PG-Income-taxscan.jpg "ITAT deletes addition made towards Cash Deposit in Bank Account without considering source of cash from PG Income [Read More]")
![Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Govt-Grants-Received-in-Lieu-of-FRP-FRP-Cost-Cost-of-Capital-Assets-ITAT-taxscan.jpg "Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]")
![Mere reference of Assessee being a Contractor in Agreement does not Detract him from the Position of being a Developer: ITAT allows Benifits u/s 80IA(4) of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Mere-reference-assessee-infrastructure-contractor-facility-allows-agreement-allows-detract-position-developer-ITAT-taxscan.jpg "Mere reference of Assessee being a Contractor in Agreement does not Detract him from the Position of being a Developer: ITAT allows Benifits u/s 80IA(4) of IT Act [Read Order]")
Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the government grants received in lieu of Financial Restructuring Plant (FRP) need not be reduced from the cost of capital...
![Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Govt-Received-Lieu-FRP-Reduced-Cost-Capital-Assets-ITAT-TAXSCAN.jpg "Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]")
Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside the reopening done after 4 years as the escapement of income was not reflected and material facts were truly and fully...
![Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Escapement-Of-Income-not-Reflected-and-Material-Facts-truly-and-Fully-discussed-time-of-Original-Assessment-ITAT-Reopening-TAXSCAN.jpg "Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]")
Ex-Parte Assessment Orders passed without considering Additional Evidence filed under Rule 46A of Income Tax Rules: ITAT directs Readjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench while directing readjudication in respect of assessment order observed that the assessment order was passed without considering the additional...
![Ex-Parte Assessment Orders passed without considering Additional Evidence filed under Rule 46A of Income Tax Rules: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Ex-Parte-Assessment-Orders-Additional-Evidence-Rule-46A-of-Income-Tax-Rules-ITAT-Readjudication-taxscan.jpg "Ex-Parte Assessment Orders passed without considering Additional Evidence filed under Rule 46A of Income Tax Rules: ITAT directs Readjudication [Read Order]")
Income from Nursery Activities of growing various types of Lawns, Flower Plants and Vegetable Plants is Agricultural Income, not Business Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench held that income from engaging in nursery activities of growing various types of lawns, flower plants and vegetables plants is agricultural...
![Income from Nursery Activities of growing various types of Lawns, Flower Plants and Vegetable Plants is Agricultural Income, not Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-from-Nursery-Activities-of-growing-various-types-of-Lawns-Flower-Plants-and-Vegetable-Plants-is-Agricultural-Income-Business-Income-ITAT-TAXSCAN.jpg "Income from Nursery Activities of growing various types of Lawns, Flower Plants and Vegetable Plants is Agricultural Income, not Business Income: ITAT [Read Order]")
Addition made on capital gain on revaluation of land to partners are not sustainable under law for Conversion of partnership firms can be considered only in the hands of the firms under Section 47(xiii)(b): ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) he that capital gain on revaluation of land to partners are not sustainable under law for Conversion of partnership firms can be...
![Addition made on capital gain on revaluation of land to partners are not sustainable under law for Conversion of partnership firms can be considered only in the hands of the firms under Section 47(xiii)(b): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-capital-gain-revaluation-land-partners-law-Conversion-partnership-firms-hands-firms-ITAT-TAXSCAN.jpg "Addition made on capital gain on revaluation of land to partners are not sustainable under law for Conversion of partnership firms can be considered only in the hands of the firms under Section 47(xiii)(b): ITAT [Read Order]")
ITAT grants Deduction u/s 80IB(10) for Following Consideration Failure for Permissions and Timely Completion of Separate Housing Project [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal held that Assessee cannot be denied claim of exemption under Section 80IB(10) for he obtained each block and usage permission from local...
![ITAT grants Deduction u/s 80IB(10) for Following Consideration Failure for Permissions and Timely Completion of Separate Housing Project [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-grants-Deduction-Completion-Separate-Housing-Project-Housing-Project-taxscan.jpg "ITAT grants Deduction u/s 80IB(10) for Following Consideration Failure for Permissions and Timely Completion of Separate Housing Project [Read Order]")
ITAT directs readjudication on grounds of CIT(E) failing to look into submissions made by assessee and denying registration u/s 12AB of IT Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that in order to prevent miscarriage of justice, the assessee was provided one more opportunity of being heard in support of its...
![ITAT directs readjudication on grounds of CIT(E) failing to look into submissions made by assessee and denying registration u/s 12AB of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-readjudication-grounds-CITE-submissions-assessee-denying-registration-IT-Act-TAXCAN.jpg "ITAT directs readjudication on grounds of CIT(E) failing to look into submissions made by assessee and denying registration u/s 12AB of IT Act [Read Order]")