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    July 29, 2025 Case Laws Income Tax
    Rejection of Third-Party Info Disclosure Under IT Act Section 138(1)(b) Upheld in Criminal Case Context
    July 29, 2025 Case Laws Income Tax
    Bad Debt Claim Allowed Under Section 36(1)(vii) When Write-Off Is Real and Identifiable
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    Reopening of Income Tax Assessment Valid Under Sections 147/148 for Undisclosed Share Capital from Paper Companies
    July 29, 2025 Case Laws Income Tax
    Penalty under Section 271AAB(1A) quashed for defective notice and inconsistent AO stance across assessment years
    July 29, 2025 Case Laws Income Tax
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    July 29, 2025 Case Laws Income Tax
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    July 29, 2025 Case Laws Income Tax
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    ITAT Orders 10% Surcharge on Income Tax for Association of Persons Under Finance Act Slabs
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    Income Tax

    The ITAT Ahmedabad ruled on various tax issues. It upheld that...

    Various tax issues: Foreign Exchange Gain, Deduction u/s 10B, MAT computation, Leave Encashment, 14A r.w.r. 8D, TP Adjustment, Weighted deduction u/s 35(2AB).

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    Income TaxMay 29, 2024Case LawsAT

    The ITAT Ahmedabad ruled on various tax issues. It upheld that Foreign Exchange Fluctuation Gain is capital in nature. Deduction u/s 10B was denied as sales consideration wasn't received timely. MAT computation didn't require adding back provision for bad debts. Leave encashment deduction was disallowed u/s 43B. Disallowance u/s 14A r.w.r. 8D was confirmed based on partnership firm investments. TP Adjustment for Corporate Guarantee was upheld. Weighted deduction u/s 35(2AB) was allowed as DSIR certification wasn't mandatory for in-house R&D expenses. The assessee succeeded in its appeal.

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