![Income Tax Authorities Fails to Appreciate Amended Provision of S. 36(1) ( iia ) of Income Tax Act, Denies Additional Depreciation Claim: ITAT allows claim of Rs. 49.5 cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Ahmedabad-ITAT-Income-Tax-Authorities-Income-Tax-authorities-and-depreciation-claims-Tax-deductions-and-additional-depreciation-Taxscan.jpg "Income Tax Authorities Fails to Appreciate Amended Provision of S. 36(1) ( iia ) of Income Tax Act, Denies Additional Depreciation Claim: ITAT allows claim of Rs. 49.5 cr [Read Order]")
Income Tax Authorities Fails to Appreciate Amended Provision of S. 36(1) ( iia ) of Income Tax Act, Denies Additional Depreciation Claim: ITAT allows claim of Rs. 49.5 cr [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) allowed a claim of Rs. 49.5 crore after finding that the Income Tax Authorities...
![Depreciation Claim allowable on Vehicle used Commercially for Business Purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Depreciation-Claim-Vehicle-Commercially-Business-Purpose-ITAT-taxscan.jpg "Depreciation Claim allowable on Vehicle used Commercially for Business Purpose: ITAT [Read Order]")
![Non Filing Audit Report along with ITR is Procedural Omission: ITAT restores matter to allow Exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Ahmedabad-Section-11-of-Income-Tax-Act-Income-Tax-Act-Income-Tax-Returns-ITAT-restores-exemption-Taxscan.jpg "Non Filing Audit Report along with ITR is Procedural Omission: ITAT restores matter to allow Exemption u/s 11 of Income Tax Act [Read Order]")
![ITAT upholds order of canceling deduction of TDS @20% on payment made by Indian company for damage of vessels [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-canceling-deduction-of-TDS-payment-Indian-company-damage-of-vessels-taxscan.png "ITAT upholds order of canceling deduction of TDS @20% on payment made by Indian company for damage of vessels [Read Order]")
![Disallowance of Expenses u/s 43B cant be denied When Ex-gratia and Employee staff benefits are shown under Appropriation of fund: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Disallowance-of-Expenses-Ex-gratia-and-Employee-staff-benefits-Employee-staff-benefits-taxscan.jpg "Disallowance of Expenses u/s 43B cant be denied When Ex-gratia and Employee staff benefits are shown under Appropriation of fund: ITAT [Read Order]")
Absence of 'make available' clause, services rendered not FTS under India-Netherland DTAA: ITAT grants Relief to Shell Global Solutions Intl [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that the condition of “make available” has not been satisfied in the instant set of facts and hence, the services do not qualify as...
No TDS applicable u/s 194C of Income Tax Act for Purchase expenses claimed under head contract expenses: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, held that Tax Deduction at Source under Section 194C of the Income Tax Act, 1961, should not be applicable to purchase expenses claimed...
![No TDS applicable u/s 194C of Income Tax Act for Purchase expenses claimed under head contract expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-TDS-applicable-Income-Tax-Act-Purchase-expenses-claimed-head-contract-expenses-ITAT-TAXSCAN.jpg "No TDS applicable u/s 194C of Income Tax Act for Purchase expenses claimed under head contract expenses: ITAT [Read Order]")
Third-Party Statements cannot be used against assessee until and unless the opportunity of cross examination is afforded: ITAT deletes of addition made u/s 68 IT Act towards receipt of interest free unsecured loan [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, held that third-party statements cannot be used against the assessee until and unless the opportunity of cross-examination is afforded....
![Third-Party Statements cannot be used against assessee until and unless the opportunity of cross examination is afforded: ITAT deletes of addition made u/s 68 IT Act towards receipt of interest free unsecured loan [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Third-Party-Statements-used-against-assessee-until-and-unless-the-opportunity-of-cross-examination-is-afforded-TATIT-Act-towards-receipt-of-interest-free-unsecured-loan-TAXSCAN.jpg "Third-Party Statements cannot be used against assessee until and unless the opportunity of cross examination is afforded: ITAT deletes of addition made u/s 68 IT Act towards receipt of interest free unsecured loan [Read Order]")
Books of Accounts cannot be Rejected Merely based on Non-Maintenance of Stock Register in Desired Format: ITAT Deletes Addition u/s 69 of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 69 of the Income Tax Act holding that the books of account could not be rejected based on...
![Books of Accounts cannot be Rejected Merely based on Non-Maintenance of Stock Register in Desired Format: ITAT Deletes Addition u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/BOOKSO1.jpg "Books of Accounts cannot be Rejected Merely based on Non-Maintenance of Stock Register in Desired Format: ITAT Deletes Addition u/s 69 of Income Tax Act [Read Order]")
No Concealment of Particulars or Furnishment of Inaccurate Particulars of Income : ITAT Deletes Penalty u/s 271 of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that the assessee has neither concealed the particulars of income nor has furnished inaccurate particulars of income so as to levy of...
![No Concealment of Particulars or Furnishment of Inaccurate Particulars of Income : ITAT Deletes Penalty u/s 271 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Concealment-Particulars-or-Furnishment-Inaccurate-Particulars-Income-ITAT-Deletes-Penalty-Income-Tax-Act-TAXSCAN.jpg "No Concealment of Particulars or Furnishment of Inaccurate Particulars of Income : ITAT Deletes Penalty u/s 271 of Income Tax Act [Read Order]")
Ex-Parte Assessment Orders passed without considering Additional Evidence filed under Rule 46A of Income Tax Rules: ITAT directs Readjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench while directing readjudication in respect of assessment order observed that the assessment order was passed without considering the additional...
![Ex-Parte Assessment Orders passed without considering Additional Evidence filed under Rule 46A of Income Tax Rules: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Ex-Parte-Assessment-Orders-Additional-Evidence-Rule-46A-of-Income-Tax-Rules-ITAT-Readjudication-taxscan.jpg "Ex-Parte Assessment Orders passed without considering Additional Evidence filed under Rule 46A of Income Tax Rules: ITAT directs Readjudication [Read Order]")
Non-Compliance behavior of assessee before Lower Authorities during Appellate Proceedings: ITAT directs to deposit cost of Rs 25,000/- In PM relief Fund [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench directed to deposit cost of Rs 25,000/- in Prime Minister Relief Fund (PMRF) due to non-compliance behavior of assessee before lower authorities...
![Non-Compliance behavior of assessee before Lower Authorities during Appellate Proceedings: ITAT directs to deposit cost of Rs 25,000/- In PM relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Non-Compliance-behavior-Lower-Authorities-Appellate-Proceedings-ITAT-PM-relief-Fund-taxscan.jpg "Non-Compliance behavior of assessee before Lower Authorities during Appellate Proceedings: ITAT directs to deposit cost of Rs 25,000/- In PM relief Fund [Read Order]")