The ITAT Surat has set aside a CIT(E) order that rejected a trust’s registration. Citing a missed email as the reason for non-compliance, the court ordered a fresh hearing.
ITAT Surat sets aside an ex-parte order, mandating a fresh hearing for Anupam Syal on a ₹11 lakh tax addition. The ruling emphasizes natural justice and procedural fairness.
The ITAT Surat has overturned the CIT(E)’s rejection of Dharti Ekta Charitable Trust’s 80G approval, citing a lack of natural justice as the trust was denied an opportunity to respond to the show cause notice.
The Income Tax Appellate Tribunal (ITAT) Surat deleted a Rs. 2.52 crore tax addition on capital introduced by partners, citing judicial precedents that a firm cannot be taxed for partners’ investments.
ITAT Surat held that ex-parte order of CIT(A) set aside and restored back for fresh adjudication subject to payment of cost of Rs. 10,000 on account of non-cooperation/ non-compliance on the part of the assessee. Accordingly, appeal disposed of.
ITAT Surat held that addition of unexplained stock as unexplained investment u/s. 69 of the Income Tax Act upheld due to claim of closing stock was not supported by any verifiable evidences. Accordingly, ground of appellant dismissed.
ITAT Surat dismisses Shree Infra’s appeal, affirming PCIT’s directive for fresh assessment on deemed rental income from unsold stock-in-trade flats under Section 23(5) for A.Y. 2018-19.
ITAT Surat held that reopening of assessment under section 148 of the Income Tax Act without tangible material tantamount to change of opinion on the existing facts and the same is impermissible in law. Accordingly, appeal allowed and reopening quashed.
ITAT Surat grants 80G approval to Jay Bhawani Mandhani Charitable Trust after a religious clause in its deed was struck down, validating its charitable nature.
The ITAT Surat has remanded an appeal by Pankajbhai Devrajbhai Soliya to the CIT(A) for merits-based adjudication, citing an inadvertent email oversight as the cause for delay, imposing a ₹15,000 cost on the assessee.
