June 18, 2026 : In a significant ruling arising from a search and seizure operation conducted on the KAKA Group, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed the appeal of Shreenathji Extrusion while dismissing Read more…
June 17, 2026 : In a significant ruling on the scope of tax exemption available for agricultural land transactions, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that an assessee was entitled to claim deduction under Read more…
May 27, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has granted significant relief to Inductotherm (India) Pvt. Ltd. by deleting a transfer pricing adjustment of ₹3.88 crore for the Assessment Year 2020-21, while also criticizing Read more…
May 20, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has granted significant relief to Axis Bank by deleting multiple tax additions made by the Income Tax Department for Assessment Years 2020-21 and 2021-22, including disallowances Read more…
April 17, 2026 : The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has ruled that delays in filing applications for final registration and approval under Sections 12A and 80G of the Income Tax Act cannot be viewed adversely when caused Read more…
April 8, 2026 : The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that additions under Section 68 of the Income Tax Act, 1961 cannot be sustained merely on the basis of unverified information, particularly where sales are duly Read more…
April 7, 2026 : The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside reassessment proceedings under Section 147 of the Income Tax Act, holding that the Assessing Officer (AO) cannot sustain additions on a ground entirely different from Read more…
April 7, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal has held that additions made on account of bank credits, accommodation entries, and interest income must be carefully reconciled to avoid duplication, cautioning that taxing overlapping components Read more…
April 7, 2026 : The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside reassessment proceedings initiated against Crystal Quinone Pvt. Ltd., holding that reliance on generalized third-party statements without establishing a direct nexus with the assessee is legally Read more…
April 1, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that income accumulated by a charitable trust under Section 11(2) of the Income Tax Act, 1961, which remains unutilised within the prescribed five-year period, Read more…