Courts: ITAT Ahmedabad
2,451 articlesIncome Tax

Income Tax
TCS applicable on Scrap Sale by Trader, Not Engaged in Manufacturing Activity
Income Tax

Income Tax
Change of opinion or review while exercising Section 263 is not permitted
Income Tax

Income Tax
Exemption u/s 10 unavailable as land doesn’t qualify as agricultural land
Income Tax

Income Tax
Addition of cash deposited in bank account not belonging to assessee is unsustainable
Income Tax

Income Tax
Foreign Currency Bond (FCCB) expenses allowable as revenue expenses
Income Tax

Income Tax
Addition upheld as genuineness of purchase and sale of shares not explained
Income Tax

Income Tax
Donations given by Trust to Other NGOs/Trust for its Purposes are Deductible
Income Tax

Income Tax
Company not opted for liquidation in impugned year hence disallowance of expense unjustified
Income Tax

Income Tax
No section 69 addition in directors’ hand for mere use of his PAN by Company
Income Tax

Income Tax
Educational expense of daughter is purely personal in nature despite her pursuing fathers profession
Income Tax

Income Tax
Construction cost worked out on weighted basis as property of ground and first floor were mainly sold
Income Tax

Income Tax
ITAT deletes addition for unexplained cash deposits- As Assessee duly explained the source
Income Tax

Income Tax
Capital gain computable as per amended proviso to section 50C despite receipt of 99% of payment by cheque
Income Tax

Income Tax
