In a significant ruling, ITAT Ahmedabad declares an assessment order void, passed in the name of a non-existent entity after a court-approved amalgamation.
ITAT Ahmedabad held that addition under section 68 of the Income Tax Act towards unexplained cash credit unjustified as source of cash deposit on account of sale of petrol, diesel and other petroleum products duly proved.
Explore the ITAT Ahmedabad ruling in Amit Dhirajlal Doshi vs. DCIT regarding interest expenditure deduction under Section 57 of Income Tax Act.
Read about ITAT’s decision to allow bonus deduction under Section 43B of the Income Tax Act for Adani Power Ltd. for Assessment Year 2019-20.
In a significant victory for the assessee, ITAT Ahmedabad rules in favor, deleting disallowance of vehicle, telephone, and salary expenses. Full analysis here.
In a significant decision, ITAT Ahmedabad rules that a bonafide mistake in computing income tax does not constitute furnishing inaccurate particulars or concealment of income. Full analysis here.
Read the full text of the ITAT Ahmedabad order regarding the penalty under Section 271 in the case of Harson Labs Pvt. Ltd. vs. ACIT for Assessment Year 2015-16.
ITAT Ahmedabad clarifies cash deposit source issue in Karan Realty Pvt Ltd vs. ITO case. Analysis of assessment and capital gains matters.
ITAT Ahmedabad rules that penalties under Section 271D of the Income Tax Act cannot be imposed on loans transacted through banking channels. Details and analysis.
Assessee has appealed against an order passed by CIT(A) and subsequent addition. Learn more about Capital Gain cannot be treated as bogus without giving reasons.
