ITAT Ahmedabad refers Rs. 99.52 lakh addition under Section 69 to AO for fresh examination. Case pertains to unexplained loans in Dharmendrasinh Chudasama vs ITO.
ITAT Ahmedabad overturns CPC adjustment of ₹6.5 lakh for lack of notice under Section 143(1). Learn key details of Satishchandra Berawala’s appeal case.
ITAT Ahmedabad order in Maheshbhai Nagjibhai Desai Vs ITO case, addressing reopening under Section 147 and unexplained investments under Section 69.
ITAT Ahmedabad directs benefit of Rs. 8 lakhs for unexplained cash deposits during demonetization in the case of Manan Kiritbhai Shah for AY 2017-18.
ITAT Ahmedabad refers the case of Dharmendra Sheth HUF back to AO after CIT(A) dismisses appeal due to delay, for a de novo assessment process.
ITAT Ahmedabad remands case on unexplained investments of ₹18.19L in land & shares. Tribunal directs re-examination by AO after Assessee presents evidence.
ITAT Ahmedabad held that denial of Foreign Tax Credit [FTC] on the ground that corresponding income has not been offered for tax in the year under appeal is not justifiable. Accordingly, FTC allowed.
ITAT Ahmedabad held that addition on grounds other than grounds forming part of reasons recorded for reopening of assessment not justified. Accordingly, addition towards unexplained investment which didn’t form part of reasons liable to be deleted.
ITAT Ahmedabad held that addition towards unexplained cash credit under section 68 of the Income Tax Act not justified since loan transactions were done through banking channels and loans were repaid in short period. Accordingly, addition deleted.
ITAT Ahmedabad held that invocation of Revision proceedings under section 263 of the Income Tax Act after approval of the Resolution Plan by NCLT is against the Provisions of Law. Accordingly, revisionary proceedings quashed.
