ITAT Ahmedabad

Penalty under section 271D Not Sustained for Loans via Banks: ITAT

Vijayaben G. Zalavadia Vs JCIT (ITAT Ahmedabad)

ITAT Ahmedabad rules that Section 271D penalty doesn't sustain if a loan is accepted through banking channels, relating to A.Ys. 2013-14 & 2016-17....

Granted another opportunity of being heard and furnish requisite document for registration of Trust u/s 12AB

Gandhi Ashram Dhinoj Vs CIT (ITAT Ahmedabad)

ITAT Ahmedabad restored the issue to the file of CIT(E) and directed to give another opportunity of being heard to the appellant in support of his case for registration of Trust u/s. 12AB of the Income Tax Act and also directed appellant to furnish requisite documents in the matter....

Tax not leviable on income that will accrue post transfer of development rights

ITO Vs Pacifica Developers Pvt Ltd (ITAT Ahemdabad)

ITAT Ahmedabad held that as the ownership of the land on which development rights were conferred remain vested with the landowners hence the assessee did not get the right over the income as per accrual accounting system as provided under the provisions of section 145 of the Act....

Registration in Partner’s Name Doesn’t Preclude Partnership Firm from Claiming Vehicle Depreciation

Vinod Textiles Vs ACIT (ITAT Ahmedabad)

Read about the Vinod Textiles vs ACIT case where ITAT Ahmedabad discusses the claim of depreciation on a motor vehicle registered in a partner's name....

ITAT allows interest on loan against rented property as Income was charged to tax

Mansha Textiles Pvt. Ltd. Vs ITO (ITAT Ahmedabad)

Analysis of ITAT Ahmedabad's decision in Mansha Textiles vs ITO case. ITAT allows interest deduction u/s 24(b) when income is receivable and approved....

No section 271C penalty for TDS Non-Deduction if Form 15G & 15H submitted

Unity Dye Chem Pvt. Ltd. Sokhada Vs CIT (ITAT Ahmedabad)

Analysis of ITAT Ahmedabad's decision in Unity Dye Chem Pvt. Ltd. vs CIT case. Penalty under section 271C not applicable if TDS non-deduction supported by Form 15G/H....

ITAT Directs CIT(A) to Re-Adjudicate with due consideration of evidence & merits

Gunvantbhai Chhitubhai Nayak Vs ITO (ITAT Ahmedabad)

ITAT Ahmedabad's decision in Gunvantbhai Chhitubhai Nayak vs ITO emphasizes re-adjudication of a case with due consideration of evidence, after finding the CIT(A)'s order lacking in merits....

ITAT Directs AO to Examine Section 54 Exemption Eligibility in year in which capital gain is taxable

Manesh Bansilal Shah Vs ITO (ITAT Ahmedabad)

ITAT Ahmedabad rules deduction under Section 54 of the Income Tax Act not allowable in current year. Orders reexamination for Previous A.Y. Details here....

Section 271(1)(c) Inapplicable if No Income Concealment by Assessee

Dineshkumar Kanjibhai Patel-HUF Vs ITO (ITAT Ahmedabad)

Read the full text of ITAT Ahmedabad's order deleting the penalty u/s 271(1)(c) for Dineshkumar Kanjibhai Patel-HUF as no concealment of particulars or inaccurate income filing found....

ITAT Upholds Disallowance of Long Term Capital Loss Claim Due to Lack of Proof

Fab Engineering Pvt. Ltd. Vs ITO (ITAT Ahmedabad)

Explore the case Fab Engineering Pvt. Ltd. vs ITO, where ITAT Ahmedabad upheld disallowance on long-term capital loss claim from sale of company shares....

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October 2023