TAT Ahmedabad rules income from recorded sales, already taxed, cannot be re-added as unexplained cash credit for Dipakkumar Vyas, citing double taxation.
ITAT Ahmedabad upholds allocation of employee benefit expenses to agricultural activities for Super Crop Safe Limited, citing the specialized and labor-intensive nature of their operations. Finance costs and some other expenses were deleted or set aside for re-verification.
Ahmedabad ITAT grants Gramya Vikas Pratishthan Koba another opportunity for 12A registration, citing natural justice after procedural lapses in online filing.
ITAT Ahmedabad restores Airona Tiles’ appeal, citing NFAC’s ex-parte dismissal as a violation of natural justice; orders fresh consideration.
ITAT Ahmedabad denied Section 12AB registration to a trust, citing its objects benefited a particular religious community (“Vaishnav Sadhu (Bava Vairagi)”), violating Section 13(1)(b) of the Income Tax Act.
ITAT Ahmedabad dismisses Revenue appeals, classifying share trading income as short-term capital gains and allowing Section 54F exemption for property investment.
ITAT Ahmedabad clarifies corporate guarantees as international transactions, yet upholds Adani Ports’ appeal on no arm’s length adjustment, citing no AE benefit.
The ITAT Ahmedabad ruled that interest earned by a cooperative society from Urban Cooperative Banks qualifies for deduction under Section 80P(2)(d) of the Income-tax Act.
ITAT Ahmedabad reverses Aatman Foundation’s 80G approval rejection, citing inadvertent form error and judicial precedents, remanding the case for fresh consideration.
ITAT Ahmedabad reversed the 80G approval rejection for Senior Citizen Council Gandhinagar, remanding the case due to a bona fide error in selecting the application clause.
