Sponsored
    Follow Us:

ITAT Surat

Latest Posts in ITAT Surat

WhatsApp Image Cannot Be the Sole Basis for Additions: ITAT Surat

April 22, 2024 5421 Views 0 comment Print

Discover the significance of Surat ITAT’s ruling on digital evidence in tax cases. Learn how the case of Shanker Nebhumal Uttamchandani v. ACIT sheds light on the use of WhatsApp images in assessments.

No Further Inquiry in ‘Limited Scrutiny’ Cases Beyond Scope Under Section 263: ITAT Surat

February 15, 2024 498 Views 0 comment Print

ITAT Surat rules in Hasumatiben Jagdishbhai Patel vs. PCIT case, limiting further inquiry under Section 263 to issues directly connected with limited scrutiny. Detailed analysis provided.

Partnership Firm not obliged to levy interest or partner remuneration if not stipulated in deed

January 18, 2024 4410 Views 0 comment Print

The taxpayer vigorously argued that the disallowance was unwarranted as the supplementary partnership deed explicitly waived interest on capital and remuneration.

Email ID Discrepancy on Form 35 & ITR: ITAT Grants Assessee another Opportunity

November 5, 2023 672 Views 0 comment Print

Vikram Udeshanghbhai Padhiyar vs. ITO case: ITAT Surat allows another chance for the Assessee due to non-compliance caused by email ID discrepancy.

Unjustified Addition under Section 68: Creditworthiness Established

November 2, 2023 1902 Views 0 comment Print

ITAT Surat held that addition under section 68 of the Income Tax Act towards unexplained cash credit unjustified as creditworthiness of the loan giver established and transaction undertaken through banking channel.

Revisional jurisdiction u/s 263 not invocable as order neither erroneous nor prejudicial to interest of revenue

November 2, 2023 294 Views 0 comment Print

ITAT Surat held that invocation of revisional jurisdiction under section 263 of the Income Tax Act unsustainable as order passed by AO was neither erroneous nor prejudicial to the interest of the revenue.

Initiation of revisionary proceedings u/s 263 on aspects outside the scope of limited scrutiny untenable

November 1, 2023 921 Views 0 comment Print

ITAT Surat held that AO cannot go beyond reason for which matter was selected for limited scrutiny. Thus, PCIT cannot pass revisionary order u/s. 263 of the Income Tax Act on other aspects outside the scope of limited scrutiny.

Revisionary order passed u/s 263 without granting an opportunity of being heard is unsustainable

October 31, 2023 774 Views 0 comment Print

ITAT Surat held that revisionary order passed under section 263 of the Income Tax Act without considering reply of the assessee and without granting an opportunity of being heard is unsustainable in law as against the principles of natural justice.

Sufficient Opening Cash Balance: Demonetization Cash Deposit Addition Deleted

September 24, 2023 8433 Views 1 comment Print

In this article, we discuss case of Hasmukh Kanjibhai Tadhani Vs ITO (ITAT Surat) involving cash deposits during demonetization, with detailed analysis and outcome

Rejection of Entire Books Unwarranted for Stock Valuation Error: ITAT Surat

September 24, 2023 1692 Views 0 comment Print

Discover ITAT Surat’s decision in Keshri Export vs. ITO case for Assessment Year 2017-18. Learn why rejection of entire books of account was considered unnecessary

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031