ITAT Ahmedabad condones a 340-day delay in an appeal on unexplained cash deposits under Section 69A and remands the case for fresh adjudication.
ITAT Ahmedabad sets aside CIT(A)’s dismissal of appeal due to non-appearance, directing fresh consideration with a proper hearing for the taxpayer.
ITAT Ahmedabad remands Hari Krushna Machintech Pvt Ltd’s appeals to CIT(A) for reassessment. Issues include ex-parte dismissal and addition for bogus purchases.
ITAT Ahmedabad partly allows Balwa Group Cooperative’s appeal, setting aside interest income deduction disallowance for reassessment. The tribunal directed the Assessing Officer to re-evaluate proportionate expenditure claims related to interest income from nationalized banks.
ITAT Ahmedabad held that the development rights in the land were not the land itself and, therefore, the provision of section 50C of the Income Tax Act was not applicable on transfer of development rights in the land.
PCIT observed that no agricultural activity was carried out from the year 2014 till 2018 in both the lands i.e. the agricultural land which was transferred by the assessee and also the land which was purchased by the assessee.
ITAT Ahmedabad directs reassessment of a ₹44 lakh discrepancy in agricultural income, questioning the Income Tax Department’s examination of the assessee’s operations.
ITAT Ahmedabad sets aside CIT(A)’s ex-parte order on ₹3.3 crore disallowance, directing fresh adjudication on agricultural income tax exemption.
ITAT Ahmedabad sets aside ex-parte NFAC order but imposes ₹10,000 cost on the assessee for failure to justify non-compliance in the appellate stage.
ITAT Ahmedabad remands Amod Steel case after non-appearance due to communication sent to a former accountant’s email, impacting the appeal process.
