![ITAT allows Deduction u/s 54 of Income Tax Act for Investment made in New Residential Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Act-Section-54-Income-Tax-Act-New-Residential-Property-taxscan.jpg "ITAT allows Deduction u/s 54 of Income Tax Act for Investment made in New Residential Property [Read Order]")
ITAT allows Deduction u/s 54 of Income Tax Act for Investment made in New Residential Property [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the claim for tax deduction under Section 54 of the Income Tax Act, 1961, for...
![Assessee can’t be Penalized for Fault of CA: ITAT Condones Delay of 1430 days in filing Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Ahmedabad-CA-assessee-cannot-be-penalized-Fault-of-CA-Condones-Delay-Chartered-Accountant-NFAC-taxscan.jpg "Assessee can’t be Penalized for Fault of CA: ITAT Condones Delay of 1430 days in filing Appeal [Read Order]")
![Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part I]](https://www.taxscan.in/wp-content/uploads/2024/07/Half-Yearly-Case-Digest-ITAT-Case-Digest-Half-Yearly-Income-Tax-Digest-Income-Tax-half-yearly-Case-Digest-ITAT-Tax-Judgement-part-1-taxscan.jpg "Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part I]")
![Cash Deposits made From Parents Accumulated Savings and Income from Agricultural Activities: ITAT Deletes Income Tax Addition u/s 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Ahmedabad-Cash-Deposits-made-From-Agricultural-Activities-ITAT-Deletes-Income-Tax-Addition-taxscan.jpg "Cash Deposits made From Parents Accumulated Savings and Income from Agricultural Activities: ITAT Deletes Income Tax Addition u/s 69A [Read Order]")
![Working Capital Adjustment on Outstanding Trade Receivable has to be Verified While Making ALP Adjustment on Notional Interest:Â ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Working-Capital-Adjustment-ALP-Adjustment-on-Notional-Interest-Arms-Length-Price-Interest-Taxscan.jpg "Working Capital Adjustment on Outstanding Trade Receivable has to be Verified While Making ALP Adjustment on Notional Interest:Â ITAT [Read Order]")
Reopening of Assessment is not permissible in respect of Protective Addition when reasons are only of Assumption: ITAT deletes Addition [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) after deleting the addition made by the assessing officer held that reopening of assessment is not permissible in respect of protective...
![Reopening of Assessment is not permissible in respect of Protective Addition when reasons are only of Assumption: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Reopening-of-Assessment-permissible-Protective-Addition-Assumption-ITAT-taxscan.jpg "Reopening of Assessment is not permissible in respect of Protective Addition when reasons are only of Assumption: ITAT deletes Addition [Read Order]")
No addition shall made on basis of document found from third party’s premises during survey proceedings: ITAT [Read Order]
The two member bench of Ahmedabad Income Tax Appellate Tribunal ( ITAT ) ruled that no addition should be made on the basis of documents found from third party’s premises during the survey...
![No addition shall made on basis of document found from third party’s premises during survey proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-acts-income-tax-news-survey-under-ITAT-Income-tax-additions-TAXSCAN.jpg "No addition shall made on basis of document found from third party’s premises during survey proceedings: ITAT [Read Order]")
Printing, Publishing and Subscription of books of Vedas, Gita, Upanishads for imparting education is not Commercial activity: ITAT allows exemption u/s 11 of Income Tax Act [Read Order]
The Mumbai bench Income Tax Appellate Tribunal (ITAT) while allowing the exemption under section 11 of the Income Tax Act, 1961 held that printing , publishing and subscription of books of vedas ,...
![Printing, Publishing and Subscription of books of Vedas, Gita, Upanishads for imparting education is not Commercial activity: ITAT allows exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Printing-Publishing-Subscription-books-of-vedas-Printing-Publishing-and-Subscription-of-books-of-vedas-taxscan.jpg "Printing, Publishing and Subscription of books of Vedas, Gita, Upanishads for imparting education is not Commercial activity: ITAT allows exemption u/s 11 of Income Tax Act [Read Order]")
Failure to appeal before Lower Authorities due to sudden resignation of Accountant without intimation: ITAT directs Re adjudication [Read Order]
The Ahmedabad bench Income Tax Appellate Tribunal ( ITAT ) on account of failure to appeal before the lower authorities due to the sudden resignation of accountant without intimation directed...
![Failure to appeal before Lower Authorities due to sudden resignation of Accountant without intimation: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Income-Tax-sudden-resignation-Readjudication-taxscan.jpg "Failure to appeal before Lower Authorities due to sudden resignation of Accountant without intimation: ITAT directs Re adjudication [Read Order]")
HUF Member's Property Purchase Entitles Capital Gain Exemption u/s 54 of Income Tax Act : ITAT quashes Reassessment Proceedings [Read Order]
The Ahmedabad bench Income Tax Appellate Tribunal ( ITAT ) while quashing the reassessment proceedings held that Hindu Undivided Family ( HUF ) member’s property purchase entitled capital gain...
![HUF Members Property Purchase Entitles Capital Gain Exemption u/s 54 of Income Tax Act : ITAT quashes Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Income-Tax-HUF-TAXSCAN.jpg "HUF Members Property Purchase Entitles Capital Gain Exemption u/s 54 of Income Tax Act : ITAT quashes Reassessment Proceedings [Read Order]")
Genuinity with respect to income earned from other source and interest expenses clearly established: ITAT deletes Penalty [Read Order]
The Ahmedabad bench, Income Tax Appellate Tribunal (ITAT) while deleting the penalty imposed by the assessing officer held that genuinity with respect to income earned from other source and interest...
![Genuinity with respect to income earned from other source and interest expenses clearly established: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Genuinity-income-income-earned-from-other-source-interest-expenses-taxscan.jpg "Genuinity with respect to income earned from other source and interest expenses clearly established: ITAT deletes Penalty [Read Order]")
Failure To file Audit Report along with return of income by Auditor: ITAT directs to allow exemption u/s 11 of the Income Tax Act [Read Order]
The Ahmedabad bench Income Tax Appellate Tribunal ( ITAT ) while directing to allow exemption under section 11 of the Income Tax Act, 1961 held that the auditor failed to file the audit report along...
![Failure To file Audit Report along with return of income by Auditor: ITAT directs to allow exemption u/s 11 of the Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-Income-Tax-audit-report-Income-tax-return-taxscan.jpg "Failure To file Audit Report along with return of income by Auditor: ITAT directs to allow exemption u/s 11 of the Income Tax Act [Read Order]")