ITAT Ahmedabad Ruling

Income Tax

Taxpayer not required to prove irrecoverability for claiming bad debts written off from books: ITAT | Biz Flow Kit
Byadmin April 13, 2026

Taxpayer not required to prove irrecoverability for claiming bad debts written off from books: ITAT The Income Tax Appellate Tribunal (ITAT), Ahmedabad, granted significant relief to the company in key issues such as taxation of gains on the sale of assets, applicability of rectification under Section 154, and allowability of bad debts. The assessee, Madhavpura…

Read More Taxpayer not required to prove irrecoverability for claiming bad debts written off from books: ITAT | Biz Flow Kit
Income Tax

ITAT Upholds Disallowance on Excessive Remuneration paid to partner as no extraordinary work was done by him | Biz Flow Kit
Byadmin April 10, 2026

ITAT Upholds Disallowance on Excessive Remuneration paid to partner as no extraordinary work was done by him The ITAT Ahmedabad dismissed an appeal filed by a partnership firm for the assessment year 2022-23 and sustained the CIT(A)’s ruling, which had partly upheld additions made by the Assessing Officer. The assessee, a partnership firm, had initially…

Read More ITAT Upholds Disallowance on Excessive Remuneration paid to partner as no extraordinary work was done by him | Biz Flow Kit