![AO Adds Rs. 2.37 Crore u/s 56(2)(vii)(b) for Valuation Discrepancy in Agricultural Land Purchase: ITAT directs to obtain DVO report [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/agricultural-land-valuation.jpg "AO Adds Rs. 2.37 Crore u/s 56(2)(vii)(b) for Valuation Discrepancy in Agricultural Land Purchase: ITAT directs to obtain DVO report [Read Order]")
AO Adds Rs. 2.37 Crore u/s 56(2)(vii)(b) for Valuation Discrepancy in Agricultural Land Purchase: ITAT directs to obtain DVO report [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer (AO) to obtain the District Valuation Officer (DVO)...
![Non-compliance due to notice issue only via email: ITAT Remands Cash deposits during Demonetization Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/cash-deposit.jpeg "Non-compliance due to notice issue only via email: ITAT Remands Cash deposits during Demonetization Matter [Read Order]")
![Disallowance of TDS Credit on IMP Transfer Due to assessed in wrong AY: ITAT directs to give Credit in Relevant AY [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-IMP-Transfer-Due-TDS-credit-Taxscan.jpg "Disallowance of TDS Credit on IMP Transfer Due to assessed in wrong AY: ITAT directs to give Credit in Relevant AY [Read Order]")
![Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Inapplicability-12A1ba-Amendment-2017-18-AY-ITAT-Temple-Trust-Exemptions-taxscan.jpg "Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]")
Natural Justice Violated by unfair Deadline: ITAT Remands ₹1.3 Cr Addition case u/s 69C to AO [Read Order]
The Surat bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of supersonic impex held that a deadline of three days for submission of all relevant records of the assessee’s accounts was...
![Natural Justice Violated by unfair Deadline: ITAT Remands ₹1.3 Cr Addition case u/s 69C to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Section-250-of-Income-Tax-Act-Income-Tax-Act-taxscan.jpg "Natural Justice Violated by unfair Deadline: ITAT Remands ₹1.3 Cr Addition case u/s 69C to AO [Read Order]")
ITAT Rejects Cooperative Bank's Bad Debt Reserve Claim u/s 36(1)(viia), Allows FD Loss as Business Expense [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ), in a recent ruling, rejected a cooperative bank's claim of bank debt reserves under Section 36(1)(viia) of the Income Tax Act 1961,...
![ITAT Rejects Cooperative Banks Bad Debt Reserve Claim u/s 36(1)(viia), Allows FD Loss as Business Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Section-361viia-of-Income-Tax-Act-taxscan.jpg "ITAT Rejects Cooperative Banks Bad Debt Reserve Claim u/s 36(1)(viia), Allows FD Loss as Business Expense [Read Order]")
AO classifies Agricultural Expenses as Undisclosed Income u/s 69(c): ITAT Deletes Addition [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition made by the Assessing Officer (AO) against the assessee on agricultural expenses as undisclosed income under Section...
![AO classifies Agricultural Expenses as Undisclosed Income u/s 69(c): ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Surat-Income-tax-section-69-section-69-of-the-income-tax-act-taxscan.jpg "AO classifies Agricultural Expenses as Undisclosed Income u/s 69(c): ITAT Deletes Addition [Read Order]")
Fraud Allegations Lead to ₹6.61 Crore Addition as Undisclosed Income: ITAT Orders Reassessment with Cost [Read Order]
The Surat bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Jagdishbhai Karamshibhai Bodra, ordered for reassessment in the case of an alleged fraud case highlighting the importance...
![Fraud Allegations Lead to ₹6.61 Crore Addition as Undisclosed Income: ITAT Orders Reassessment with Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-ITAT-Fraud-Allegations-Case-taxscan.jpg "Fraud Allegations Lead to ₹6.61 Crore Addition as Undisclosed Income: ITAT Orders Reassessment with Cost [Read Order]")
CIT(A) fails to Dismiss Appeal on Merits: ITAT condones 2 year 19 days Delay in Filing Income Tax Appeal [Read Order]
The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) remanded Power Equipment Company's case to the Commissioner of Income Tax (Appeals) CIT(A), National Faceless Appeal Centre ( NFAC )Â for...
![CIT(A) fails to Dismiss Appeal on Merits: ITAT condones 2 year 19 days Delay in Filing Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Delay-in-Filing-income-Tax-Appeal-taxscan.jpg "CIT(A) fails to Dismiss Appeal on Merits: ITAT condones 2 year 19 days Delay in Filing Income Tax Appeal [Read Order]")
CIT(E) Rejects State Trust Application u/s 12AB for Missing Deadline: ITAT Overturns Decision citing CBDT Deadline Extension Circular. [Read Order]
The Surat bench of the Income Tax Appellate Tribunal ( ITAT ) held in a recent case that substantial justice should be prioritised over procedural technicalities. The appellant-assessee Medical...
![CIT(E) Rejects State Trust Application u/s 12AB for Missing Deadline: ITAT Overturns Decision citing CBDT Deadline Extension Circular. [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CBDT-Deadline-Extension-Circular-Section-12AB-income-tax-act-ITAT-taxscan.jpg "CIT(E) Rejects State Trust Application u/s 12AB for Missing Deadline: ITAT Overturns Decision citing CBDT Deadline Extension Circular. [Read Order]")