Courts: ITAT Surat
Find latest ITAT Surat judgments, orders and case laws on income tax covering assessments, additions, deductions, exemptions, capital gains, reassessment, TDS and penalties.
ITAT upheld section 271FA penalty for non-filing of SFT
No addition can be made on Absence of Corroborative and Supporting Evidence regarding Satakat found during survey of Third Party Business Premises: ITAT
Legal Ignorance No Excuse for Delayed Appeal Filing: ITAT Surat
FMV determined by registered valuer after considering relevant factors cannot be ignored
Gift from HUF not to be added to income of Karta of such HUF
Amendment to section 115BBE cannot be applied to search conducted prior to effective date
Unexplained investment addition in one co-owner unsustainable if no addition in other co-owners
Addition u/s 68 unsustainable as repayment of loan is made in assessment year itself
One minute delay in return filing – ITAT allows section 80IA(4) deduction
Sec. 41(1) can’t be invoked for liability against purchase of defective machinery that was never put to use
Penalty u/s. 271(1)(b) not leviable as non-compliance was due to bonafide reasons
Order passed after due application of mind not treatable as erroneous & prejudicial to interest of revenue
Revisional power u/s 263 unsustainable as order passed is neither erroneous nor prejudicial to interest of revenue
Expense allowed based on copy of account, name and address as bill/ voucher lost due to flood
ITAT Surat judgments and orders provide appellate guidance on numerous issues arising under the Income-tax Act. This TaxGuru page brings together decisions concerning assessments, additions, deductions, exemptions, business income, capital gains, unexplained income, reassessment, TDS, penalties, limitation and procedural compliance. Taxpayers, businesses, Chartered Accountants, advocates and consultants can use this category to locate ITAT Surat case laws relevant to their matters. The collection includes recent and important earlier Tribunal decisions published on TaxGuru, helping readers research income-tax precedents and follow developments in appellate jurisprudence.
