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
![F&O Transaction carried out through recognized Stock Exchange is not Speculative Transaction, can be set off against Ordinary Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Stock-Exchange-Taxscan.jpg "F&O Transaction carried out through recognized Stock Exchange is not Speculative Transaction, can be set off against Ordinary Business Income: ITAT [Read Order]")
F&O Transaction carried out through recognized Stock Exchange is not Speculative Transaction, can be set off against Ordinary Business Income: ITAT [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal recently ruled that the future and option transaction carried out through recognized stock...
![ITAT confirms Penalty since Assessee failed to Prove Genuineness of Cash Deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "ITAT confirms Penalty since Assessee failed to Prove Genuineness of Cash Deposits [Read Order]")
![ITAT Confirms Re-Assessment ‘approved’ by Higher Authority than the Authority Prescribed in Section 151, Refuse to Follow Precedents [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "ITAT Confirms Re-Assessment ‘approved’ by Higher Authority than the Authority Prescribed in Section 151, Refuse to Follow Precedents [Read Order]")
![Assessment Proceedings can’t be Nullified merely because of Irregularity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Assessment-Taxscan.jpg "Assessment Proceedings can’t be Nullified merely because of Irregularity: ITAT [Read Order]")
![Activities of ‘Preservation of Environment’ are charitable in nature: ITAT Grants Relief to Gujarat Environment Service Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Charitable-Activities-Taxscan.jpg "Activities of ‘Preservation of Environment’ are charitable in nature: ITAT Grants Relief to Gujarat Environment Service Society [Read Order]")
![ITAT Ahmedabad to Go Paperless [Read Office Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Paperless-Taxscan.jpg "ITAT Ahmedabad to Go Paperless [Read Office Order]")
Service Charge Earned on Pattern Development is eligible profit for Deduction u/s 80IA of IT Act: ITAT Ahmedabad [Read Order]
The Ahmedabad bench of the ITAT, on Wednesday allowed deduction under Section 80IA of the Income Tax Act, 1961 and held that the service charges earned by the assessee on pattern development will be...
![Service Charge Earned on Pattern Development is eligible profit for Deduction u/s 80IA of IT Act: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Service-Charge-Taxscan.jpg "Service Charge Earned on Pattern Development is eligible profit for Deduction u/s 80IA of IT Act: ITAT Ahmedabad [Read Order]")
ITAT Confirms Penalty for Non-payment of Self-Assessment Tax though same was paid subsequently by Filing Revised Return [Read Order]
The Ahmedabad bench of the ITAT, in a significant ruling, held that penalty under section 221(1) of the Income Tax Act is leviable when the assessee has not paid the admitted tax liability under...
![ITAT Confirms Penalty for Non-payment of Self-Assessment Tax though same was paid subsequently by Filing Revised Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "ITAT Confirms Penalty for Non-payment of Self-Assessment Tax though same was paid subsequently by Filing Revised Return [Read Order]")
Rent from Hoardings received by Co-Operative Housing Society is taxable as ‘House Property Income’: ITAT Ahmedabad [Read Order]
In a significant ruling, the Ahmedabad bench of the ITAT held that the rent received by a Co-operative housing society by letting out space for hoardings are taxable under the head ‘Income from House...
![Rent from Hoardings received by Co-Operative Housing Society is taxable as ‘House Property Income’: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Hoarding-Rent-Taxscan.jpg "Rent from Hoardings received by Co-Operative Housing Society is taxable as ‘House Property Income’: ITAT Ahmedabad [Read Order]")
Interest on enhanced Compensation received under the Land Acquisition Act is not subject to Capital Gain Tax: ITAT Ahmedabad [Read Order]
A division bench of the Ahmedabad ITAT, in a recent ruling, held that the interest received on enhanced compensation for land compulsorily acquired under the Land Acquisition Act is not subject to...
![Interest on enhanced Compensation received under the Land Acquisition Act is not subject to Capital Gain Tax: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Tax.jpg "Interest on enhanced Compensation received under the Land Acquisition Act is not subject to Capital Gain Tax: ITAT Ahmedabad [Read Order]")
Receipts from Share Transaction through Portfolio Manager is not ‘Business Income’: ITAT [Read Order]
In Shonaben Jayesh Parikh v. ACIT, the Ahmedabad ITAT held that the income received from purchase/sale of shares through Portfolio Manager cannot be treated as business income where assessee has least...
![Receipts from Share Transaction through Portfolio Manager is not ‘Business Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Share-Trading.jpg "Receipts from Share Transaction through Portfolio Manager is not ‘Business Income’: ITAT [Read Order]")
A Developer can Claim Benefit of S. 80IB(10) Even If the Housing Project was approved in Name of Land Owner: ITAT Ahmedabad
In ITO v. Shree Narayan Associates, the Ahmedabad ITAT held that a Developer of Housing project can claim benefit of section 80IB(10) of the Income Tax Act even if the project was approved in the name...
