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T.R. Senthil Kumar...

ITAT Deletes Expense Disallowance u/s 14A Due to Lack of Exempt Income [Read Order]

Sneha Sukumaran Mullakkal

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the expense disallowance under Section 14A of Income Tax Act,1961,due to a lack...

ITAT Deletes Interest Disallowance u/s 36(1)(iii) for Genuine Unsecured Loans, Upholding CIT(A)...

ITAT remands Shell Energy India's TP Determination Matter After TPO Mistakes Regasification Payment...

Re-Deposits of Cash in Hand during Demonetisation: ITAT deletes ₹18.25 Lakh Addition [Read Order]

ITAT Cancels ₹20,29,394 Penalty u/s 271AAA, Highlighting Variations in Income Assessment...

ITAT Grants Full Deduction u/s 80P: Rules Income from Cooperative Banks Eligible for Tax Relief [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled in favour of the assessee allowing full deductions under Section 80P of the Income Tax Act,1961 for income earned from cooperative...

Government Grants for Specific Purposes Not Recognized as Income Until Utilized: ITAT [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that government grants received for specific purposes, such as the ₹50,00,000 grant under the Rashtriya Krishi Vikas Yojana (RKVY),...

Unit-Wise Deductions u/s 80IA must be Granted without considering Losses from other Eligible Units: ITAT [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that unit-wise deductions under Section 80IA of the Income Tax Act,1961,must be granted without considering losses from other...

ITAT Upholds Disallowance of LTCL for Sun Pharma Labs Due to Non-Claim in Returns [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the disallowance of the long-term capital loss ( LTCL ) for Sun Pharma Laboratories Ltd. due to failure to claim the loss in both...

Order must be Erroneous and Prejudicial to Revenue Interests for Invoking S.263 of Income Tax Act: ITAT [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that for invoking Section 263 of the Income Tax Act,1961 an order must be both erroneous and prejudicial to the interests of the...

Appeal for Registration u/s 12A withdrawn after Filing a Fresh Application: ITAT dismisses Appeal [Read Order]

In the recent ruling, the Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal for registration under section 12A after the assessee withdrew it following the filing of a...

Agricultural Land Sold to Non-Agriculturist Remains Agricultural and cannot be treated as Capital Assets: ITAT [Read Order]

In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that agricultural land sold to a non-agriculturist retains its status as agricultural land and cannot...

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