![ITAT Backs PCIT’s Revision; Interest on Bogus Loans Can’t Be Allowed as Deduction [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/500x300_2094325-itat-revision-order-taxscan.webp "ITAT Backs PCIT’s Revision; Interest on Bogus Loans Can’t Be Allowed as Deduction [Read Order]")
ITAT Backs PCIT’s Revision; Interest on Bogus Loans Can’t Be Allowed as Deduction [Read Order]
The Income Tax Appellate Tribunal Ahmedabad Bench upheld an order that directed the disallowance of interest on unsecured loans that were already ...
![ITAT gives Relief to Widow, Says Order in Dead Husbands Name can be Fixed [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094303-deceased-taxscan.webp "ITAT gives Relief to Widow, Says Order in Dead Husbands Name can be Fixed [Read Order]")
![Relief to Contractor: ITAT Deletes ₹12.44 Lakh Income Tax Addition u/s 68 on Cash Deposits, Recognises Receipts as Business Income from Construction Contracts [Read Order]](https://images.taxscan.in/h-upload/2025/10/05/250x150_2094011-relieftocontractor-itat-incometaxaddition-cashdeposits-receipts-businessincome-constructioncontracts-taxscanoptimized150.webp "Relief to Contractor: ITAT Deletes ₹12.44 Lakh Income Tax Addition u/s 68 on Cash Deposits, Recognises Receipts as Business Income from Construction Contracts [Read Order]")
![Addition of Rs. 1,17,538/- u/s 68 for Penny Stock Transactions: ITAT Deletes Addition as Assessee Incurred Short-Term Capital Loss, Not LTCG [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/250x150_2091295-short-term-capital-loss-taxscan.webp "Addition of Rs. 1,17,538/- u/s 68 for Penny Stock Transactions: ITAT Deletes Addition as Assessee Incurred Short-Term Capital Loss, Not LTCG [Read Order]")
![ITAT Gives Rural Trust Second Shot at 80G Tax Benefits After Portal Confusion [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/250x150_2078323-tax-benefit-taxscan.webp "ITAT Gives Rural Trust Second Shot at 80G Tax Benefits After Portal Confusion [Read Order]")
Accountant Not Informed About Income Tax Notice: ITAT Restores 12AB and 80G Registration Matter with 10k Costs [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) restored applications for registration under Sections 12AB and 80G to the Commissioner of Income Tax (Exemptions) [CIT(E)] for ...
![Accountant Not Informed About Income Tax Notice: ITAT Restores 12AB and 80G Registration Matter with 10k Costs [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/500x300_2062678-income-tax-notice-taxscan.webp "Accountant Not Informed About Income Tax Notice: ITAT Restores 12AB and 80G Registration Matter with 10k Costs [Read Order]")
![Claim of LTCG Exemption from Penny Stock Transactions Found Bogus: ITAT Upholds Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/06/27/500x300_2055178-itat-long-term-capital-gains-ltcg-exemption-penny-stock-found-bougus-taxscan.webp "Claim of LTCG Exemption from Penny Stock Transactions Found Bogus: ITAT Upholds Disallowance [Read Order]")
Section 80G Registration Denial: ITAT remands Utilization of Total Income towards Religious Purposes for Reverification [Read Order]
In a significant ruling for charitable trusts seeking tax‐exempt status, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has set aside the Commissioner of Income Tax (Exemption)’s refusal...
![Section 80G Registration Denial: ITAT remands Utilization of Total Income towards Religious Purposes for Reverification [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043089-80g-registration-itat-taxscan.webp "Section 80G Registration Denial: ITAT remands Utilization of Total Income towards Religious Purposes for Reverification [Read Order]")
Taxability of Agricultural Land Purchased Below Stamp Duty Value u/s 56(2)(x): ITAT Directs Fresh Valuation by DVO
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) addressed the taxability of agricultural land purchased below stamp duty value under section 56(2)(x) of Income Tax Act,1961 and...
Delayed Credit of ESI/EPF Amounts: ITAT deletes Penalty on Assessee for Technical Glitches [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) recently quashed an income tax disallowance, on observing that a one-day delay in crediting employee contributions to the Employees'...
![Delayed Credit of ESI/EPF Amounts: ITAT deletes Penalty on Assessee for Technical Glitches [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/EPF-.jpg "Delayed Credit of ESI/EPF Amounts: ITAT deletes Penalty on Assessee for Technical Glitches [Read Order]")
Land Transferred Under Development Agreement Without Consideration: ITAT Remands Rs. 60 Lakh LTCG Addition for Reassessment [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded a case involving Rs. 60.51 lakh addition under Long-Term Capital Gains ( LTCG ), observing that the land in question was...
![Land Transferred Under Development Agreement Without Consideration: ITAT Remands Rs. 60 Lakh LTCG Addition for Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITAT-Ahmedabad-Land-Transferred-Under-Development-Agreement-TAXSCAN.jpg "Land Transferred Under Development Agreement Without Consideration: ITAT Remands Rs. 60 Lakh LTCG Addition for Reassessment [Read Order]")
ITAT Upholds CIT(A)’s Order Allowing 50% Depreciation on CNC Lathe Used Prior to Detection of Defect [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]’s Order Allowing 50% Depreciation on CNC Lathe Used Prior to Detection of...
![ITAT Upholds CIT(A)’s Order Allowing 50% Depreciation on CNC Lathe Used Prior to Detection of Defect [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CNC-Lathe.jpg "ITAT Upholds CIT(A)’s Order Allowing 50% Depreciation on CNC Lathe Used Prior to Detection of Defect [Read Order]")