Courts: ITAT Ahmedabad
Find latest ITAT Ahmedabad judgments, orders and case laws on income tax covering assessments, additions, deductions, exemptions, TDS, reassessment and penalties.
No penalty for concealment if addition is based on estimation of Gross Profit
Mere non-mentioning of Section 234B in the assessment order would be of no consequence
In the absence of nexus between sale of agricultural produce and introduction of cash in capital account the addition made by AO was to be upheld
If quantum appeal is restored for fresh Consideration to CIT(A), then penalty order should also be restored back to the CIT(A)
Section 50C – Fair market value determined by DVO cannot be replaced for full value of consideration
Overseas subsidiary with single shareholder is a separate legal entity for tax purposes
Allowability of bad debts under section 36(1)(vii)
If Quantum appeal restored back to AO for de novo adjudication then penalty proceeding too deserves to be restored back
CIT (A) cannot pass the order without adjudicating on the plea of the Assessee
Only Death Certificate of lender is not sufficient to to prove the identity of the lender, genuineness of the transaction and creditworthiness of the lender
In case the AO finds that practically the land has been bought by the Developer and Developer has all dominant control over the project and has developed the land at his own cost and risks, the AO should allow the deduction to the assessee u/s 80IB(10)
For under Construction Flat Purchased from Builder date of allotment crucial for calculating Capital Gain and deciding Long Term or Short Term
No interest levy despite short deduction of taxes if reasons are bona fide and the shortfall is nominal
When the assessee-society acts as an intermediate between the company and the members of the society, and the fact that there is no relationship between the assessee and its members as contractor and contractee, section 194C does not get attracted and no disallowance could be made u/s 40(a)(ia)
ITAT Ahmedabad judgments and orders provide an extensive source of appellate case law under the Income-tax Act. This page compiles ITAT Ahmedabad decisions dealing with assessments, additions, deductions, exemptions, business income, capital gains, unexplained income, reassessment, TDS, transfer pricing, penalties and procedural issues. Taxpayers, businesses, Chartered Accountants, advocates and tax professionals can use this dedicated page to research Tribunal precedents relevant to income-tax controversies. TaxGuru brings together recent and important earlier ITAT Ahmedabad case laws, making it easier to follow developments in direct tax jurisprudence and identify decisions relevant to assessments and appeals.
