Aiswarya Krishnadas
![Delhi HC Restrains Income dept. from Taking Further Steps Pursuant to Order Passed u/s 148A (d) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Delhi-HC-Restrains-Income-dept-income-tax-department-restraint-Section-148A-d-of-the-Income-Tax-Act-taxscan.jpg "Delhi HC Restrains Income dept. from Taking Further Steps Pursuant to Order Passed u/s 148A (d) [Read Order]")
Delhi HC Restrains Income dept. from Taking Further Steps Pursuant to Order Passed u/s 148A (d) [Read Order]
In a recent ruling the Delhi High Court restrains the Income Tax Department from taking further steps pursuant to the order passed under Section 148A...
![Delhi HC to Hear Case on Income Tax - TDS Applicability for EDC and Interest Payments to HUDA/DTCP on September 11, 2024 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Delhi-HC-to-Hear-Case-on-Income-Tax-Haryana-Urban-Development-Authority-Delhi-HC-case-on-Income-tax-taxscan.jpg "Delhi HC to Hear Case on Income Tax - TDS Applicability for EDC and Interest Payments to HUDA/DTCP on September 11, 2024 [Read Order]")
![Interest Income is Assessable as Business Income: ITAT directs AO to Assess Interest Income under Head Income from Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Mumbai-Interest-Income-is-Assessable-as-Business-Income-ITAT-Directs-AO-to-Assess-Interest-Income-TAXSCAN.jpg "Interest Income is Assessable as Business Income: ITAT directs AO to Assess Interest Income under Head Income from Business [Read Order]")
![Taxpayer dies and no Legal Heirs is substituted within a Reasonable Time: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Mumbai-Income-tax-appellate-tribunal-Legal-heirs-TAXSCAN.jpg "Taxpayer dies and no Legal Heirs is substituted within a Reasonable Time: ITAT dismisses Appeal [Read Order]")
![Taxpayer discharges Burden to prove Identity, Creditworthiness and Genuineness of Loan Creditors: ITAT deletes Income Tax Addition of 1.17Cr u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-Tax-Income-Tax-Addition-Taxpayer-ITAT-mumbai-Section-68-of-the-Income-Tax-Act-taxscan.jpg "Taxpayer discharges Burden to prove Identity, Creditworthiness and Genuineness of Loan Creditors: ITAT deletes Income Tax Addition of 1.17Cr u/s 68 [Read Order]")
AO fails to verify Genuineness of Credible Information before issuing Notice: ITAT quashes Notice u/s 148 of Income Tax Act [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the notice issued under Section 148 of the Income Tax Act, 1961 as the Assessing Officer failed to verify the genuineness of...
![AO fails to verify Genuineness of Credible Information before issuing Notice: ITAT quashes Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Kolkatha-ITAT-quashed-the-notice-issued-under-Section-148-of-the-ITA-AO-Fails-to-verify-Genuineness-taxscan.jpg "AO fails to verify Genuineness of Credible Information before issuing Notice: ITAT quashes Notice u/s 148 of Income Tax Act [Read Order]")
Creditworthiness of Shares Subscribers and Genuineness of Transactions proved by Supported Documents: ITAT deletes Income Tax Addition u/s 68 [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition under Section 68, of Income Tax Act, 1961 as the identity and creditworthiness of the share subscribers, along...
![Creditworthiness of Shares Subscribers and Genuineness of Transactions proved by Supported Documents: ITAT deletes Income Tax Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-kolkata-Income-Tax-Addition-ITAT-deletes-Income-Tax-Appellate-Trribunal-taxscan.jpg "Creditworthiness of Shares Subscribers and Genuineness of Transactions proved by Supported Documents: ITAT deletes Income Tax Addition u/s 68 [Read Order]")
Taxpayer Provides Adequate and Credible Evidence on Identity, Creditworthiness and Genuineness of Share Subscription Transactions:Â ITAT deletes addition u/s 68 [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition under Section 68 of Income Tax Act, 1961 after the taxpayer provided adequate and credible evidence on their...
![Taxpayer Provides Adequate and Credible Evidence on Identity, Creditworthiness and Genuineness of Share Subscription Transactions:Â ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Delhi-Section-68-of-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Tax-news-Taxscan.jpg "Taxpayer Provides Adequate and Credible Evidence on Identity, Creditworthiness and Genuineness of Share Subscription Transactions:Â ITAT deletes addition u/s 68 [Read Order]")
Taxpayer earns Interest/Dividend Income out of Investments with Co-Operative Society, Entitles to 80P Deduction of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) restored to the Assessing Officer the case where the taxpayer, earning interest and dividend income from investments with a...
![Taxpayer earns Interest/Dividend Income out of Investments with Co-Operative Society, Entitles to 80P Deduction of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-tax-Income-tax-act-Co-Operative-Society-Investment-Tax-Deduction-Tax-Benefits-taxscan.jpg "Taxpayer earns Interest/Dividend Income out of Investments with Co-Operative Society, Entitles to 80P Deduction of Income Tax Act: ITAT [Read Order]")
ITAT allows Deduction Claim in respect of Interest Earned from Credit Facilities Extended to Members including/ Nominal Associate Members [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the claim of deduction in respect of interest earned from credit facilities extended to members, including nominal and...
![ITAT allows Deduction Claim in respect of Interest Earned from Credit Facilities Extended to Members including/ Nominal Associate Members [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Bangalore-ITAT-ITAT-Allows-Deduction-Claim-Income-tax-deduction-ITAT-news-Taxscan.jpg "ITAT allows Deduction Claim in respect of Interest Earned from Credit Facilities Extended to Members including/ Nominal Associate Members [Read Order]")
Encashment of Leave Salary would be a Profit in Lieu of Salary, Not Taxable under Voluntary Separation Programme: ITAT deletes Income Tax Addition [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 13 lakhs, ruling that the encashment of leave salary constitutes profit in lieu of salary and is not taxable...
![Encashment of Leave Salary would be a Profit in Lieu of Salary, Not Taxable under Voluntary Separation Programme: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-appellate-tribunal-Leave-salary-Lieu-of-salary-TAXSCAN.jpg "Encashment of Leave Salary would be a Profit in Lieu of Salary, Not Taxable under Voluntary Separation Programme: ITAT deletes Income Tax Addition [Read Order]")
ITAT allows Deduction u/s 80 IA(4)(iii) of Income Tax Act on Interest Income derived from Industrial Parks/SEZ [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) allowed a deduction under Section 80 IA(4)(iii) of the Income Tax Act in respect of interest income derived from industrial parks and...
![ITAT allows Deduction u/s 80 IA(4)(iii) of Income Tax Act on Interest Income derived from Industrial Parks/SEZ [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ncome-Tax-Act-ITAT-ITAT-delhi-Special-Economic-Zones-Section-80-IA4iii-of-the-Income-Tax-Act-taxscan.jpg "ITAT allows Deduction u/s 80 IA(4)(iii) of Income Tax Act on Interest Income derived from Industrial Parks/SEZ [Read Order]")