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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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ITAT Chennai Rules Commercial Sales Not Required Once Bio-Pharma Business Is Established
ITAT Chennai deletes a massive Rs 10.70 crore bio-pharma disallowance, clarifying that business setup and commercial operations are distinct stages.
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ITAT Chennai Rules in Favor of Taxpayer on Section 36(1)(iii) Interest Disallowance
In a recent ruling that provides significant relief to corporate taxpayers, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has deleted an interest disallowance previously levied under Section…