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
ITAT Ahmedabad ruled on Naliniben Dipakbhai Patel vs ITO, deleting an addition under Section 69A, stating investment source investigation belongs to the actual investor.
ITAT Ahmedabad clarifies that common area maintenance charges recovered from a sub-tenant, when reimbursed against actual expenses, are not rental income.
ITAT Ahmedabad rules on Krishnanagar Vaishnvsamaj vs. ITO, allowing a trust to claim deduction for income utilized within the original extended timeframe, despite a recent amendment.
Ahmedabad ITAT deletes Rs. 8.01 lakh income addition based on third-party disclosure, emphasizing the need for independent evidence and cross-examination.
The ITAT Ahmedabad has restored a case involving unexplained cash deposits of Rs. 18.32 lakh to the Assessing Officer, citing a failure to examine debit entries and additional evidence, and condoning a 323-day delay in appeal filing.
ITAT Ahmedabad denies 80G exemption to an educational trust, citing its failure to justify donations made to other trusts.
ITAT Ahmedabad held that once cash sales are accepted as genuine for the purpose of determining profit, the same cannot be added again as unexplained cash credit by invoking provisions of section 68 of the Income Tax Act. Accordingly, appeal of revenue dismissed.
