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.
No section 271F penalty for delay in Filing Income Tax Return under Bona Fide Belief of No Taxable Income
Addition of income not accruing/ arising from business connection in India not sustainable
Unregistered Satakat not supported by other evidence doesn’t possess evidentiary value
Credit for TDS deducted cannot be denied for non-payment by Deductor
Reassessment u/s 148, in absence of notice u/s 143(2), unjustified
Deduction u/s 80IB(10) available to partly owned individuals
AO had no power to review but having power to re-assess
Delay in depositing employee’s contribution to PF – ITAT refers matter back to CIT(A)
ITAT deletes addition of unsecured loans made for non-filing of ITR of lenders
Holistic view adopted for calculation of fair market value
No section 271(1)(c) penalty for additions upheld on estimation basis
Expense towards minor renovation is not capital expenditure
Addition should be of Net profit/ income & not of gross profit
No denial of Foreign Tax Credit For Mere Delay In Filing of Form No. 67
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.
