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.
Belated retraction falls in afterthought category & has less efficacy in law
Section 11 & 12 Exemption allowable to Surat District Cricket Association
Reassessment notice invalid if it is merely based on Investigation Wing information
No section 271(1)(c) penalty on additions deleted by ITAT
If no incriminating material found during Search- Section 68 additions not sustainable
Bogus Purchase: Disallowance may be restricted to the extent of profit embedded in such purchases
No justification of making addition in absence of any evidence of unaccounted investment
Interest Income cannot be excluded for computing eligible remuneration of Partners
No penalty unless there was conscious concealment or furnishing of inaccurate particulars of income.
Transfer Pricing Officer: Quasi-capital are treated differently than normal loan transactions
No additions for cash deposit duly explained with cash flow statement
If AO made addition on estimated GP basis than other item-wise disallowance should not be made
Addition under section 69A unsustainable for cash deposited as facilitator
Amount shown in 26AS not taxable if assessee was not actual beneficiary of said amount
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.
