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GST Credit Reversal on Project Completion Allowed as Deductible Business Expense by ITAT
ITAT Ahmedabad rules that irrecoverable GST credit upon project completion qualifies as a deductible business cost under income tax laws.
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BSNL VRS Compensation Tax Exemption Upheld Under Section 10(10B) by ITAT Ahmedabad
ITAT Ahmedabad rules in favor of BSNL employees, granting tax exemption on voluntary retirement compensation under Section 10(10B).
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Income Tax Appellate Tribunal Deletes Rs 1.50 Crore Addition Over Lack of Evidence
Learn how the Ahmedabad ITAT deleted a Rs 1.50 crore addition under Section 69C because the revenue failed to link the cash recipient to the company.
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ITAT Ahmedabad Rules NIL Arm’s Length Price Without Transfer Pricing Method Invalid
ITAT Ahmedabad rules that determining a NIL arm's length price for intra-group services without a prescribed transfer pricing method is invalid.
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Angadia Cash Transfers and Income Tax: ITAT Ahmedabad Clarifies Rules
Learn how ITAT Ahmedabad ruled that Angadia cash transfers are not entirely taxable as unexplained money, excluding Section 115BBE additions.
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Infrastructure Developers Eligible for Section 80-IA Deduction Despite Government Contracts ITAT Ruling
ITAT Ahmedabad rules that infrastructure developers can claim Section 80-IA deductions despite executing government contracts. Read the full analysis.
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ITAT Ahmedabad Approves Section 80P Deduction on Co-operative Bank FD Interest
ITAT Ahmedabad allows Section 80P(2)(d) deduction on fixed deposit interest earned from co-operative banks, aligning with the Gujarat High Court precedent.
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ITAT Ahmedabad Upholds Denial of Section 80GGC Deduction for Political Donation
ITAT Ahmedabad dismisses appeal and upholds Section 80GGC disallowance for a political donation of one lakh rupees, validating reassessment proceedings.
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Gross Land Sale Receipts Tax Ruling: ITAT Ahmedabad Protects Sellers
ITAT Ahmedabad rules that gross land sale receipts cannot be taxed without deducting documented purchase costs, deleting a major tax addition.
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ITAT Ahmedabad Upholds Tax Reopening Yet Deletes Bogus Loan Addition
ITAT Ahmedabad rules on Section 147 tax reopening, upholding the reassessment procedure while deleting bogus loan additions backed by banking channels.