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.
Addition merely on the basis of rough papers found from premises of wife of assesse not sustainable
Income on Agricultural land sale cannot be treated as business gain merely for higher volume of sale consideration
GP on unaccounted Sales cannot be less than that of Accounted Sales
No disallowance for Non deduction of TDS on amount paid to Tata Group Companies
Swift Dzire classifiable as LMV & eligible for additional depreciation
Benefits under Indo-Singapore tax treaty cannot be denied where such income have taxed on accrual basis in treaty country
If intention for trade in share is earning quick Profit by frequent trading, such profit taxable as business income
Amendment to sec. 40(a)(ia) vide Finance Act, 2010 was retrospective in nature
TDS cannot be postponed till last date of accounting period, HC ruling in virgin Creations will not apply
‘Freight beneficiary’ in a shipping business to be assessed under normal Income tax provisions and not u/s. 172
No deduction U/s.10A if Assessee do not file ROI within the due date
Jurisdictional AO may verify position & take such action as may be warranted in law u/s. 172(7)
Tax effect in a case means overall tax effect in respect of disputed issues in a particular year
Cash seized should be adjusted advance-tax liability from the date of seizure
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.
