On October 23, 2025, the Income Tax Appellate Tribunal (ITAT) issued a significant ruling concerning the carry-forward of unabsorbed depreciation. The Tribunal held that unabsorbed depreciation under Section 32(2) of the Income Tax Act can be carried forward and set off against income in subsequent …
In the case of Vitthaldas Nathubhai Shah v. Pr. CIT-3, decided by the Income Tax Appellate Tribunal (ITAT), Ahmedabad on 24 September 2025, the Tribunal examined the validity of a Section 263 revision order issued by the Principal Commissioner of Income Tax. The revision pertained to …
The issue before the Income Tax Appellate Tribunal (ITAT), Ahmedabad, in its order dated 19 August 2025, revolved around the rejection of a trust’s application for registration under section 12AB of the Income-tax Act, 1961. The Commissioner of Income Tax (Exemptions) [CIT(E)] …
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, in the case of Gujarat Technological University vs. DCIT (order dated 19 August 2025), held that a mere procedural lapse such as delay in filing Form 10 and Form 10B cannot be the sole …
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, held that a trust cannot be denied registration under Section 12AB of the Income-tax Act, 1961 merely on the ground that it was created for the benefit of a particular caste …
In this case, the assessee trust had applied for approval under section 80G(5) of the Income Tax Act, 1961, which allows donors to claim deduction for donations to certain approved charitable institutions. The Commissioner (Exemptions) rejected the application on the ground that …
ITAT Ahmedabad Removes Addition of SBN (Specified Bank Note) Deposits During Demonetization Period ITAT Ahmedabad in Its Order Dated. 18 October 2023 Removed the Addition of SBN Deposits During Demonetization Period under section 68 of Income Tax Act. Once cash …