It was held that in the original assessment under Section 143(1), the issue related to the deed of purchase of land was not looked into as the same was not reported in the assessee’s income before the Revenue.
ITAT Ahmedabad rules in favor of Gandharva Mahavidhyalaya Trust, allowing ₹57.57 lakh exemption under Section 10(23C) for music education activities.
ITAT Ahmedabad dismisses Revenue’s appeal, ruling notice u/s 148 issued beyond the stipulated period u/s 149(1)(a) in ITO Vs Nishan Govindbhai Thakkar.
ITAT Ahmedabad grants relief to Ria Zaveri Trust, ruling that excessive surcharge imposed by CIT(A) was unjustified. Decision aligns with legal precedents.
Ahmedabad ITAT remands Rs. 1 crore addition based on partner’s statement, citing lack of corroborating evidence, orders fresh CIT(A) review.
ITAT Ahmedabad dismisses Somnath Kelavni Mandal’s income tax appeal due to continuous absence in proceedings. Case pertains to unexplained cash deposits under Section 69A.
ITAT Ahmedabad affirms CIT(A) order canceling ₹1.2 Cr penalty on Priya Blue Recycling LLP, citing lack of international transactions.
ITAT Ahmedabad held that addition, treating share application money as unexplained income, based on surmises and conjectures without making proper verification of facts with relevant materials and evidences is not sustainable in law.
Interest income earned from staff loans and advances was incidental to the business of power generation and qualifies as “business income” by relying on the judgment of the Hon’ble Orissa High Court in Odisha Power Generation Corporation Ltd.
ITAT Ahmedabad rules on Aprameya Engineering’s appeal against tax rate denial under Section 115BAA due to delayed Form 10-IC filing. Judicial precedents examined.
