ITAT Ahmedabad held that reopening alleging income escaped assessment merely on the basis of Client Code Modification without any other corroborative evidence cannot be sustained. Accordingly, re-assessment held invalid.
Ahmedabad ITAT rules cooperative society income is 100% tax-exempt if S.80P deduction is allowed, making disallowances irrelevant to final tax liability.
ITAT Ahmedabad restricts Ramjibhai Kesaraji Patel’s bogus purchase disallowance to 8%, citing judicial precedents and natural justice, after the CIT(A) dismissed the appeal for delay.
ITAT Ahmedabad rules interest received under Section 244A on income tax refunds is taxable and rejects rectification plea, distinguishing it from interest on government grants.
ITAT Ahmedabad restores Ram Bhakt Mandal Trust’s 12AB and 80G registrations, condoning 165-day delay due to accountant oversight and trustees’ age; imposes Rs. 10k costs.
Ahmedabad ITAT remands Detective & Security Services’ appeal back to the Assessing Officer for reconciliation of income discrepancies, citing lack of proper verification.
The ITAT Ahmedabad has allowed an assessee’s appeal, condoning a 30-month delay and ruling against the CPC’s disallowance of House Rent Allowance (HRA) exemption under Section 10(13A).
The application for approval under section 80G, though filed simultaneously, was rejected without any separate adjudication. The CIT(E) summarily disposed of the 80G application along with the 12AB rejection, without recording any satisfaction or finding in terms of section 80G(5).
Ahmedabad ITAT dismisses revenue’s appeal, deleting additions for demonetisation-era cash deposits, citing a lack of evidence for tax evasion.
ITAT Ahmedabad upholds the quashing of a reassessment order against Rayon Reality Private Ltd., citing the invalidation of the underlying Section 263 order
