Courts: ITAT Rajkot
Find latest ITAT Rajkot judgments, orders and case laws on income tax covering assessments, additions, deductions, exemptions, capital gains, reassessment and penalties.
Issue of share at premium – ITAT remands matter back to AO
Inadequate inquiry not amount to erroneous order, Section 263 cannot be invoked
Cash Deposits out of Shroff Business cannot be Treated as Undisclosed Income
Section 269SS not attracted to Cash receipt from father’s proprietary firm
Penalty cannot be levied merely for addition during Quantum Proceedings
Addition for Cash Balance difference not sustainable unless corroborated by tangible materials
Undisclosed business receipts -Only a percentage of profit embedded can be taxed
Amendment to Section 40(a)(ia) restricting disallowance to 30% is retrospective
Principle of Peak Credit- Entire Cash Deposit cannot be Treated as Income without considering withdrawal
No Section 271(1)(c) penalty on debatable issue with conflicting views
Exemption u/s 10(23C)(vi) valid for institution existing solely for educational purposes
No Deemed Dividend If Loans & Advances in Normal Business benefits both Payer & Payee
Amendment to 6th proviso to section 139(1) applicable w.e.f. AY 2020-21
Section 54B deduction eligible on Advance Payment to Purchase Agricultural Land
ITAT Rajkot judgments and orders cover various disputes arising under the Income-tax Act. This TaxGuru page collects Tribunal decisions concerning assessments, additions, deductions, exemptions, business income, capital gains, unexplained income, reassessment, TDS, penalties, limitation and procedural matters. Taxpayers, businesses, Chartered Accountants, advocates and tax professionals can use the category to identify ITAT Rajkot precedents relevant to their matters and follow appellate developments. The collection includes recent and significant earlier Tribunal decisions published on TaxGuru for convenient income-tax research.
