ITAT Ahmedabad dismisses Revenue’s appeal, quashing a Rs.ｹ116.01 crore bogus sales addition to Pel Industries Ltd. as the assessment reopening was invalid and time-barred.
ITAT Ahmedabad dismisses a trust’s appeal, sustaining a Rs.8.36 lakh tax addition. The trust was ineligible for Section 11 benefits as it lacked Section 12AA registration and served a specific community.
ITAT Ahmedabad partly allows trust’s appeal, condones delay in filing Form 10B, and remands matter to CIT(A) for reconsideration of Rs. 41.31L disallowance.
ITAT Ahmedabad has reduced disallowance of foreign travel expenses for Archi Exim P. Ltd. to 25%, citing incomplete but partial documentation and adhering to a previous judicial precedent.
The ITAT Ahmedabad has set aside a CIT(A) order that deleted a Rs. 99.5 lakh cash deposit addition, citing a procedural error for not obtaining a remand report from the Assessing Officer.
The ITAT Ahmedabad ruled that a fall in gross profit alone cannot justify the rejection of an assessee’s audited books of account without the AO pointing out specific defects.
The ITAT upheld the denial of 80G registration to a trust, ruling that a trust with explicit religious objects in its deed does not qualify for tax benefits.
The ITAT Ahmedabad has given the Stellin Foundation another chance to seek registration under Sections 12AB and 80G, setting aside a denial and ordering a new hearing. The tribunal condoned a 19-day delay in the appeal filing, citing sufficient cause.
The ITAT grants a rural trust a second opportunity to secure 80G tax benefits after its application was rejected due to portal-related confusion.
A procedural error by the First Appellate Authority leads the ITAT Ahmedabad to send an unexplained investment case back to the Assessing Officer The court directs the AO to properly investigate the source of funds for a property purchase.
