Courts: ITAT Ahmedabad
Find latest ITAT Ahmedabad judgments, orders and case laws on income tax covering assessments, additions, deductions, exemptions, TDS, reassessment and penalties.
Exemptions and deductions available to Indian enterprises would also be granted to the US enterprises if they are carrying on the same activities
Once commissioner/brokerage is credited in P&L account of assessee broker and entire debit balance including principal and brokerage is found irrecoverable and is written off in books by assessee, same can be allowed as bad debt allowable u/s 36(1)(vii)
Without rejecting books of account regularly maintained, addition cannot be made only on basis of DVO’s report
Cessation of Liabilities- Liabilities reflected in balance sheet cannot be treated as cessation of liabilities
Penalty applicable in case of failure to disclose fully or truly all particulars of income
Royalty- Necessary ingredient for treating a payment as royalty is exclusiveness of right of a person over design or invention invented by him
Before invoking provisions of section 153A it would be necessary to comply with provisions of section 132(1) of the Income Tax Act, 1961
Depreciation cannot be allowed on membership card of Stock Exchange
Ingredient about a bona fide claim is that assessee should be able to show or prove some intermediate steps in whole process of transaction
Mere making a claim which is incorrect in law not amounts to giving inaccurate particulars
Amendment brought out in Section 40(a)(ia) are clarificatory and retrospective w.e.f 1st April 2005
Once provisions of Municipalities Act are applicable to notified area then they gets covered by clause (ii) of section 10(20)
Merely by carrying out processing which result into same commodity, there will not be any manufacturing or production for purpose of section 10B
If book results are not rejected, AO has no alternative except to accept the book results
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.
