April 1, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that income accumulated by a charitable entity under Section 11(2) of the Income Tax Act, 1961, which remains unutilised within the prescribed five-year period, Read more…
April 1, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that reassessment proceedings cannot be initiated merely on the basis of general investigation reports relating to penny stock transactions, without any material directly linking Read more…
March 18, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that transactions duly recorded in the regular books of account and supported by banking evidence cannot be treated as bogus expenditure merely on the Read more…
February 04, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal has deleted an addition of ₹9.65 crore made on account of cash deposits during the demonetisation period, holding that once purchases are accepted and stock availability is Read more…
February 04, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal has dismissed the Revenue’s appeal against Jagson Colorchem Limited, holding that commission paid to foreign agents for services rendered outside India is not chargeable to tax in Read more…
January 20, 2026 : The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside revisionary proceedings initiated under Section 23 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, holding that once an Read more…
January 06, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal has condoned a delay of 543 days in filing an appeal against a revisionary order under Section 263 of the Income Tax Act, 1961, accepting the assessee’s Read more…