Courts: ITAT Ahmedabad
Find latest ITAT Ahmedabad judgments, orders and case laws on income tax covering assessments, additions, deductions, exemptions, TDS, reassessment and penalties.
Penalty on alleged gifts received by minor sons of assessee which are finally transferred to assessee
Receipt of money in bank account not enough to establish genuineness of gift
Section 50C- AO can not tax the difference in the hands of the purchaser
Merely because for purpose of stamp duty, property is valued at higher cost, it cannot be said that assesses has made more payment than what is stated in sale deed
Mere fact that assessee has not stated date in appeal(s) memo and appeals were filed by scanned–signature, appeals can only say to be irregularity/ defective and same is curable one
Mere receipt of money through banking channels not sufficient to prove genuineness of its receipt as a gift
S. 50C appliies only to capital gains in real estate transaction in respect to seller
ITAT rules on taxpayer’s option to choose initial year for claiming tax holiday for telecommunication services
S. 153A order void if s. 132 search warrant in improper status. Assessee can retract admission of undisclosed income
Deferred revenue expenditure allowable entirety in the year in which it was incurred
Section 80-1A(2) benefit available to telecommunication services undertaking for 10 consecutive years from the year of exercise of option
S.271(1)(b) Penalty not for mere technical non-compliance but for actual or habitual defaulters
Bank interest is not eligible for deduction U/s. 80-IB/80HHC
If AO assume concealment without considering the actual payments made in the subsequent years, such attempt would be premature
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.
