ITAT Ahmedabad rules on Bhaveshkumar Patel’s appeal against disallowance of interest claim under Income Tax Act. Decision aligns with earlier and subsequent years.
ITAT Ahmedabad rescinds ex-parte Rs.36L addition u/s 69A, directing reassessment with a chance for the assessee to explain financial records.
ITAT Ahmedabad held that disallowance of exemption under section 10(23C)(iiiab) of the Income Tax Act by PCIT in absence of any supporting documents/ materials justifiable. Accordingly, appeal dismissed.
ITAT Chennai held that initiation of proceedings under section 147 of the Income Tax Act confirmed by CIT(A) based upon correct understanding and appreciation of facts of the case vis-à-vis contemporaneous statute justifiable.
ITAT Delhi held that merely seizure of share certificate cannot be considered as incriminating material on its own unless other corroborative evidence are found during the search. Accordingly, appeal of the department dismissed.
ITAT Surat held that addition towards cash deposited during demonetization restricted to 10% of total deposit since assessee fully substantiated the cash deposit showing sufficient withdrawal. Accordingly, appeal partly allowed.
ITAT Jaipur held that taxability of surrendered undisclosed income under section 115BBE of the Income Tax Act requires verification on the part of the AO. Accordingly, matter restored back to the file of AO.
The ITAT Ahmedabad remanded the Jasvant Baraiya case for reassessment under Section 69A of the Income Tax Act due to procedural non-compliance and appeal disputes.
ITAT Ahmedabad dismissed Charotar Seva Trust’s appeal on 80G approval as delay was condoned and approval was granted. Learn about the procedural insights.
ITAT Ahmedabad allows Ashokbhai Shah’s appeal for AY 2014-15, addressing issues of capital gains and procedural lapses by the AO.
