ITAT Ahmedabad held that delay of 477 days in filing of an appeal on the reason that there was gross negligence on the part of the accountant is not condonable since negligence of accountant not sufficient shown for cause.
ITAT Ahmedabad rules a 29-day delay in filing Form 10DA is a procedural lapse, not a bar to claiming an 80JJAA deduction, overturning a ₹92.6 lakh disallowance.
ITAT Ahmedabad rules superannuation fund contributions are deductible if paid before the tax return due date and the fund is approved, directing AO verification.
ITAT Ahmedabad held that appellate authority has jurisdiction to entertain new claim. Accordingly, additional claim for deduction on account of ESOP is allowed. Accordingly, appeal allowed to that extent.
The ITAT Ahmedabad has upheld the disallowance of Long Term Capital Gains (LTCG) exemption on penny stock transactions for Chimanbhai Chhaganbhai, deeming them bogus. A cash credit addition is remitted for re-examination.
The ITAT Ahmedabad has remitted the case of Gujarat State Road Development Corporation Ltd. for a fresh assessment due to insufficient evidence supporting deferred revenue recognition.
ITAT Ahmedabad voids reassessment notice, stating if likely to escape income is below Rs. 50L after basic analysis, it’s barred by limitation under Section 149.
Ahmedabad ITAT restores a trust’s 12AB registration application, ruling that rejection based solely on procedural lapse without examining genuineness violates natural justice.
ITAT Ahmedabad partially allows Vadilal International’s appeal, cutting the Section 14A disallowance for exempt dividend income from Rs. 15 lakh to Rs. 30,000.
Ahmedabad ITAT directs CIT(Exemption) to review Shree Kadava Patel Gau Seva Samaj Jamvali’s tax exemption applications on merits, overturning procedural dismissal.
