Courts: ITAT Ahmedabad
Find latest ITAT Ahmedabad judgments, orders and case laws on income tax covering assessments, additions, deductions, exemptions, TDS, reassessment and penalties.
In penalty proceedings, assessee can always show that finding recorded in quantum proceedings is neither reliable nor sufficient to impose penalty
Section 176(3A) applicable only when there is a discontinuance of business
S. 41(1) applies only to trading liability not to other types of liabilities
Donation made for business purpose is allowable expenditure
Burden to determine "actual cost" of assets in accordance with law is on Assessing officer
If condition laid down under Section 80IA(10) are not satisfied that Sub Section cannot be invoked and no disallowance of deduction can be made
Confirmation of addition by tribunal does not mean concealment of income or inaccurate furnishing of particulars of income
Assessee liable to pay interest u/s 234B & 234C even if income is computed u/s 115JA
Loan ‘waiver’ does not fall into either of three terms subsidy / grant and reimbursement
Leviability of Penalty under section 271D if Assessee have reasonable cause for borrowing in violation of section 269SS
If Assessee fails to offer an explanation or offers a false/unsatisfactory explanation then penalty will be leviable for concealment of income
Sale of agricultural land does not attract capital gains tax
Initial burden lies on assessee to prove genuineness of purchases
Interpretation of the words "manufacture or production" for the purpose of deduction U/s. 10B
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.
