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ITAT Rajkot

Trust Serving Scheduled Tribes Not Hit by S. 80G(5)(iii): ITAT Remands Matter for Verification [Read Order]

Mansi Yadav

The Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order of the Commissioner of Income Tax (Exemption), Ahmedabad, which...

Demonetisation Cash Deposit Explained through Sale Deeds & Wealth-Tax Records: ITAT Allows 90%...

Rejection on ‘Community-Benefit’ Ground Unsustainable Without Evidence: ITAT Restores Trust’s 12AB...

Lack of Proof and Documentation for Sub-Contractor Payments: ITAT upholds 20% Disallowance on...

Lack of proper opportunity to explain Bogus Creditors: ITAT Remits Matter with One more Opportunity...

70-Year-Old Depositor’s Rs. 2,50,000 Demonetization Cash Treated as Unexplained: ITAT Deletes Addition citing CBDT Exemption Limit [Read Order]

The Rajkot Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 2,50,000 cash, which had been treated as unexplained, for a 70-year-old depositor, citing the Central Board...

Payments for Multiple Bills Below Rs. 20,000 Each Do Not Attract S. 40A(3) Disallowance: ITAT [Read Order]

The Rajkot Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that payments for multiple bills, each below Rs. 20,000, do not attract disallowance under section 40A(3) of the Income Tax Act, ...

Audit u/s 44AB Not Required and Penalty u/s 271B Not Leviable When No Books of Account Maintained: ITAT [Read Order]

The Rajkot Bench of Income Tax Appellate Tribunal (ITAT) held that audit under section 44AB is not required and penalty under section 271B of the Income Tax Act,1961 is not leviable when no books of...

Income Tax Penalty u/s 271(1)(b) for Multiple Defaults Reduced to One: ITAT Limits Levy to Rs. 10,000 [Read Order]

The Rajkot Bench of Income Tax Appellate Tribunal ( ITAT ) partly allowed an appeal and held that the penalty under section 271(1)(b) of Income Tax Act,1961 for multiple defaults is reduced to one,...

Erroneous Double Addition of ₹13.32 Lakh in Income Computation: ITAT Directs AO to Correct and Recompute Taxable Income [Read Order]

The Rajkot Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer (AO) to correct the erroneous double addition of ₹13.32 lakh in the assessee’s income computation and ...

Senior Citizen Not Familiar with Online Systems: ITAT Remands Section 12AB and 80G Matter for Reconsideration [Read Order]

The Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the orders of the Commissioner of Income Tax (Exemptions) [CIT(E)] which rejected the application for registration under...

S. 80P Deduction not to be Denied to Co-operative Societies for Belated Returns, if Claim is Valid: ITAT [Read Order]

The Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) has recently delivered a noteworthy decision addressing the eligibility of co-operative societies to claim deductions under Section 80P...