ITAT Surat
Explore the latest ITAT Surat judgments, orders, and appellate decisions on direct tax matters from the Surat bench of the Income Tax Appellate Tribunal
![Taxpayer Owns Only 30%: ITAT Orders Reassessment of Capital Gains due to Incorrect Valuation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Taxpayer-Owns-Capital-Gains-Reassessment-taxscan.jpg "Taxpayer Owns Only 30%: ITAT Orders Reassessment of Capital Gains due to Incorrect Valuation [Read Order]")
Taxpayer Owns Only 30%: ITAT Orders Reassessment of Capital Gains due to Incorrect Valuation [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the case for fresh consideration, directing the Assessing Officer ( AO ) to...
![Non-Service of Income Tax Assessment Order: ITAT Condones Delay in Filing Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Non-Service-of-Income-Tax-Assessment-Order-Income-Tax-Assessment-Order-Income-Tax-Assessment-Order-ITAT-ITAT-Condones-Delay-taxscan.jpg "Non-Service of Income Tax Assessment Order: ITAT Condones Delay in Filing Appeal [Read Order]")
![AO Must Allow Interest Deduction for Cooperative Societies If Expenses Are Proven to Be Linked to Activities u/s 80P(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-surat.jpg "AO Must Allow Interest Deduction for Cooperative Societies If Expenses Are Proven to Be Linked to Activities u/s 80P(2): ITAT [Read Order]")
![Reassessment u/s 147 Requires Fresh Tangible Material, Mere Reliance on Investigation Report Insufficient: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Reassessment-.jpg "Reassessment u/s 147 Requires Fresh Tangible Material, Mere Reliance on Investigation Report Insufficient: ITAT [Read Order]")
ITAT Directs CIT(A) to Re-examine Gift from HUF Under Section 56(2)(vii) of Income Tax Act 1961 [Read Order]
In a recent ruling, the Surat bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] and remanded the case for fresh...
![ITAT Directs CIT(A) to Re-examine Gift from HUF Under Section 56(2)(vii) of Income Tax Act 1961 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Hindu-Undivided-Family-Income-Tax-Taxscan.jpg "ITAT Directs CIT(A) to Re-examine Gift from HUF Under Section 56(2)(vii) of Income Tax Act 1961 [Read Order]")
Penalty u/s 271B Based on Bank Transactions: ITAT Remands Matter to AO for Fresh Consideration [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) remanded the matter to the Assessing Officer (AO) for fresh consideration in a matter involving a penalty under Section 271B of Income Tax...
![Penalty u/s 271B Based on Bank Transactions: ITAT Remands Matter to AO for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Surat-bank-transactions-penalty-Taxscan-.jpg "Penalty u/s 271B Based on Bank Transactions: ITAT Remands Matter to AO for Fresh Consideration [Read Order]")
ITAT Reduces Unexplained Cash Deposit Addition to 25%, Upholds 8% Profit Estimation and Audit Penalty u/s 44AD of Income Tax Act [Read Order]
The Surat bench of the Income Tax Appellate Tribunal ( ITAT ) reduced an addition on unexplained cash deposits to 25% concerning the assessment years 2011-12 and 2013-14. The assessee, Bajrangbali...
![ITAT Reduces Unexplained Cash Deposit Addition to 25%, Upholds 8% Profit Estimation and Audit Penalty u/s 44AD of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Unexplained-Cash-Deposit-Penalty-Income-Tax-Act-taxscan.jpg "ITAT Reduces Unexplained Cash Deposit Addition to 25%, Upholds 8% Profit Estimation and Audit Penalty u/s 44AD of Income Tax Act [Read Order]")
ITAT Quashes CIT(A) Order for Not Considering Assessee's Submissions, Directs AO to Re-Examine Case [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Surat Bench, quashed the order passed by the Commissioner of Income Tax (Appeals) [CIT(A)] and directed the Assessing Officer (AO) to...
![ITAT Quashes CIT(A) Order for Not Considering Assessees Submissions, Directs AO to Re-Examine Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Re-Examine-Case-CITA-Order-Income-Tax-taxscan.jpg "ITAT Quashes CIT(A) Order for Not Considering Assessees Submissions, Directs AO to Re-Examine Case [Read Order]")
All bank transactions and Credit Entries not Taxable if amounts immediately Debited by Clearance: ITAT upholds Reasonable Estimation [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) recently clarified the prominence of reasonable estimation, averring that not all bank transactions and credit entries may be treated as...
![All bank transactions and Credit Entries not Taxable if amounts immediately Debited by Clearance: ITAT upholds Reasonable Estimation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Credit-Entries-Debited-by-Clearance-taxscan.jpg "All bank transactions and Credit Entries not Taxable if amounts immediately Debited by Clearance: ITAT upholds Reasonable Estimation [Read Order]")
Lack of specific information or positive evidence to reject Assessee’s Submissions: ITAT deletes ₹48 Lakh Income Tax Addition [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) recently deleted an income tax addition of ₹48,48,356, observing that the concerned Assessing Officer (AO) and precursory Commissioner of...
![Lack of specific information or positive evidence to reject Assessee’s Submissions: ITAT deletes ₹48 Lakh Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Income-Tax-Addition-Positive-Evidence-taxscan.jpg "Lack of specific information or positive evidence to reject Assessee’s Submissions: ITAT deletes ₹48 Lakh Income Tax Addition [Read Order]")
Deceased Assessee’s Unexplained ₹15 Lakh Bank Deposit yielding ₹31 Interest: ITAT Remits for de novo Assessment [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) recently set aside an ex-parte addition ₹15 Lakh held as unexplained Bank Deposit by a deceased assessee, while calling on the Assessing...
![Deceased Assessee’s Unexplained ₹15 Lakh Bank Deposit yielding ₹31 Interest: ITAT Remits for de novo Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Deceased-Assessees-ITAT-Surat-ITAT-Remits-ITAT-Remits-for-de-novo-Assessment-unexplained-Bank-Deposit-numerous-notices-Assessment-Year-Income-Tax-Act-ITAT-Taxscan.jpg "Deceased Assessee’s Unexplained ₹15 Lakh Bank Deposit yielding ₹31 Interest: ITAT Remits for de novo Assessment [Read Order]")