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Relief under Section 89A for Foreign Retirement Benefits Cannot Be Denied on Technical Ground of Non-Filing of Revised Return: Shamal bhai Lallu bhai Prajapati vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Shamalbhai Lallubhai Prajapati, filed his return of income
for Assessment Year 2023-24. The assessee received arrears of retirement
benefits amounting to ₹9,47,028 arising from services...
Delay Condoned and Foreign Tax Credit Claim Restored for Verification Where Form 67 Was Filed Subsequently: Rajat Rajendra prasad Rastogi vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, an individual, earned salary income in India from JP
Morgan Services India Pvt. Ltd. for the period April 2018 to August 2018 and
salary income from Australia from Tyoto Finance for the p...
Cash Payment to Government Utility Covered by Rule 6DD and Reimbursement of Partner’s Interest Not Hit by Section 40(a)(ia): Pramukh Metal Quarry vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Pramukh Metal Quarry, filed an appeal against the order
dated 31.01.2024 passed by the Addl./JCIT(A), Visakhapatnam for Assessment Year
2008-09, arising out of reassessment proceedings un...
Ex Parte Appellate Order Set Aside for Violation of Natural Justice in Section 69A Cash Deposit Case: Kuvar Giri Hiragiri Gosai vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Kuvar Giri Hiragiri Gosai, did not
file a return of income for Assessment Year 2012-13. The Assessing Officer
observed cash deposits aggregating to ₹20,00,000 in the assessee’s bank a...
Addition under Section 69A Deleted Where Cash Deposits Explained by Agricultural Income and Bank Loan: Kanubhai Maganbhai Patel vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Kanubhai Maganbhai Patel, an agriculturist residing in a
remote village in Anand district, was subjected to reassessment for Assessment
Year 2012-13 on the basis of information regarding ...
Disallowance under Section 40A(2)(b) Restored Where Excessive Director Remuneration Was Used as Dividend Substitution: DCIT vs. Khyati Chemicals Pvt. Ltd. (ITAT Ahmedabad)
Facts of the CaseThe assessee, Khyati Chemicals Private Limited, engaged in the
manufacture of chemicals, filed its return of income for Assessment Year
2018-19 declaring total income of ₹17,84,76,810. The assessment...
Ex Parte Appellate Order Set Aside and Matter Remanded Where Agricultural Land Capital Gain and Service of Notice Were Disputed: Mahipatsinh Ramseenh Solankee vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Mahipatsinh Ramseenh Solankee, filed an appeal
for Assessment Year 2020-21 against the order dated 18.03.2025 passed by the
Commissioner of Income Tax (Appeals), National Faceless Appeal ...
Additions under Section 69C Based on Seized Diaries Sustained; Interest Treated as Real Income for AY 2020-21; Assessee Appeals Dismissed: Mukesh Mohanlal Vaghela vs. DCIT (ITAT Ahmedabad)
Facts of the CaseThe assessee, Mukesh Mohanlal Vaghela, an individual based
in Mumbai, filed returns of income for Assessment Years 2013-14 to 2020-21. A
search and seizure action under Section 132 was conducted on 23....
Section 50C Valuation Dispute Remanded for DVO Reference Where Stamp Duty Value Alleged to Exceed Fair Market Value: Laljibhai Parshottambhai Gaudani vs. DCIT (ITAT Ahmedabad)
Facts of the CaseThe assessee, Laljibhai Parshottambhai Gaudani, filed his
return of income for Assessment Year 2012-13 declaring income of ₹22,44,370.
The assessment was reopened under Section 147 on the basis of in...
Penalty under Section 272A(1)(d) Deleted Where Non-Compliance Was Due to Reasonable Cause under Section 273B: Chudaji Thakor vs. ITO (ITAT Ahmedabad)
Facts of the CaseThe assessee, Chudaji Thakor, an individual farmer residing in a remote
village in Gandhinagar district, had not filed his return of income for
Assessment Year 2018-19. During the relevant year, the as...