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.
Addition based on unsigned/ unstamped/ unregistered Satakhat unsustainable
TDS of Firm credited in PAN of Partner – ITAT directs assessee to apply under section 199 read with Rule 37BA
Entire receipt cannot be treated as income, in absence of material, presumptive net profit of 8% should be considered
Concept of deemed registration of trust not prevailing under Income Tax Act
Deduction of TDS or payment via account payee cheque doesn’t justify non-genuine transaction
AO not examined section 54B/54F basic conditions – ITAT refers matter back to AO
Additional claim can be entertained by appellate authority
CIT(A) while deciding appeal is required to pass order on points of determination with reasons
Addition of unaccounted profit on estimation basis in trading/ manufacturing of diamonds restricted to 10%
In absence of transfer Income cannot be treated as Capital Gain
Section 80IB deduction to industrial undertaking manufacturing at third party premises allowable
TDS Credit denied – Corresponding income ought to have been reduced – Section 154
Profit element to be taxed in case of bogus purchases
Deduction u/s 80IA is allowed unit wise
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.
