Posted inBlog
ITAT Restores Property Capital Gain Assessment And Penalty
ITAT Ahmedabad restores a 2.10 crore property capital gain assessment and 69.45 lakh penalty for de novo computation and thorough verification.
Posted inBlog
ITAT Ahmedabad Rules in Favor of Depreciation on Slump Sale Intangibles
Explore the ITAT Ahmedabad ruling on depreciation for slump sale intangibles, interest deductions under Section 36(1)(iii), and advance revenue appeals.
Posted inBlog
Section 263 Not Invocable for Non-Initiation of Section 270A Penalty: ITAT Ahmedabad
The ITAT Ahmedabad ruled that tax authorities cannot use Section 263 to revise assessments just because an officer skipped Section 270A penalties.