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ITAT Rajkot

Profit Element in Unexplained Sales is to be treated under undisclosed Income: ITAT [Read Order]

The Rajkot Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the profit element in unexplained sales is to be treated under...

No invocation of Section 201(1)/201(1A) of Income Tax Act as assessee cannot be termed “assessee in...

Non - Invocation of Section 115 BBE of Income Tax Act on the addition made on account of unexplained...

ITAT allows 10% of Cash Deposits as Taxable Income in Absence of Evidence of Source u/s 69A of IT...

Claim of Deduction u/s 54F of Income Tax Act rejected due to late filing of revised ROI: ITAT...

Rectification Application cannot be Rejected in case of Apparent and Obvious Mistakes in ITR: ITAT relies on CBDT Circular [Read Order]

The Income Tax Appellate Tribunal (ITAT) Rajkot Bench, has recently, in an appeal filed before it, by relying on the CBDT circular, held that rectification application cannot be rejected in case of...

Tax Residency in UAE Eligible for Benefit of Indo-UAE Treaty: Exemption cannot be Denied Merely because Directors Are of Different Nationality: ITAT

The Income Tax Appellate Tribunal (ITAT), Rajkot bench has held that the benefit of the Double Tax Avoidance Agreement (DTAA) between India and UAE cannot be denied to a Company registered in the UAE...

Income Tax Deduction u/s 80P cannot be denied for Non-filing of ITR within Due Date: ITAT [Read Order]

The Rajkot bench of Income Tax Appellate Tribunal (ITAT) held that the Income Tax deduction under section 80P cannot be denied for non-filing of ITR within the due date. The assessee is a...

Denying Exemption u/s 80P of IT Act merely on ground of Belated Filing of Return Is not Justifiable [Read Order]

While a bench of appeal filed by the assessee the Rajkot bench of Income Tax Appellate Tribunal (ITAT) has held that Denying exemption under section 80P Income Tax Act 1961 merely on ground of...

No Interest u/s 234A and 234B of Income Tax Act Beyond Date of Self-Assessed Tax: ITAT

The Rajkot Bench of Income Tax Appellate Tribunal (ITAT) has no interest under Section 234A and234B of the Income Tax Act 1961 shall be imposed beyond the date of self-assessed tax. Theassessee...

Checking, Cross-checking and Reconciliation of Data was A Very Lengthy Process and a Valid “Reasonable Cause” for Non-filing of ITR, No Penalty: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has recently, in an appeal filed before it, held that there is no penalty as checking, cross-checking and reconciliation of data was a very...

Road Construction Expenses Incurred to provide Easy and Smooth Access from Highway to Factory Allowable as Business Expenditure: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has recently, in an appeal filed before it, held that road construction expenses incurred to provide easy and smooth access from highway to...

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