Aiswarya Krishnadas
![Section 115BBDA of Income Tax Act Does not Apply to Domestic Company:Â ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Domestic-Companies-ITAT-deletes-additions-income-tax-sections-Section-115BBDA-TAXSCAN.jpg "Section 115BBDA of Income Tax Act Does not Apply to Domestic Company:Â ITAT deletes Addition [Read Order]")
Section 115BBDA of Income Tax Act Does not Apply to Domestic Company:Â ITAT deletes Addition [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 3.07 lakhs, stating that Section 115BBDA of the Income...
![ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act, Citing No Inaccurate Income Particulars or Deliberate Concealment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Deletes-Penalty-Income-tax-penalty-tax-updates-taxscan.jpg "ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act, Citing No Inaccurate Income Particulars or Deliberate Concealment [Read Order]")
Taxpayer Filed Copy of Bills and Bank Transaction Evidences: ITAT allows 40 lakhs Addition while Calculating LTCG from Property Sale [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed Rs. 40 lakhs addition while calculating Long-Term Capital Gains ( LTCG ) from the sale of property as the taxpayer filed copies...
![Taxpayer Filed Copy of Bills and Bank Transaction Evidences: ITAT allows 40 lakhs Addition while Calculating LTCG from Property Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-acts-in-2024-ITAT-ruling-on-LTCG-addition-Long-term-capital-gain-TAXSCAN.jpg "Taxpayer Filed Copy of Bills and Bank Transaction Evidences: ITAT allows 40 lakhs Addition while Calculating LTCG from Property Sale [Read Order]")
Timeline Prescribed for Filing Form No. 10AB for recognition u/s 12 A of Income Tax Act has been Extended up to 30.09.2023: ITAT allows Appeal [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal as the timeline prescribed for filing Form No. 10AB for recognition under section 12A of the Income Tax Act, 1961...
![Timeline Prescribed for Filing Form No. 10AB for recognition u/s 12 A of Income Tax Act has been Extended up to 30.09.2023: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Act-section-12A-of-the-Income-Tax-Act-Tax-updates-ITAT-chennai-taxscan.jpg "Timeline Prescribed for Filing Form No. 10AB for recognition u/s 12 A of Income Tax Act has been Extended up to 30.09.2023: ITAT allows Appeal [Read Order]")
Transaction under Family Settlement Agreement does not Amount to Transfer: ITAT deletes Addition u/s 69 of Income Tax Act [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition under Section 69 of the Income Tax Act, 1961 ruling that a transaction under a family settlement agreement does not...
![Transaction under Family Settlement Agreement does not Amount to Transfer: ITAT deletes Addition u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-acts-ITAT-ruling-on-family-settlement-Income-Tax-Act-ITAT-ruling-section-69-TAXSCAN.jpg "Transaction under Family Settlement Agreement does not Amount to Transfer: ITAT deletes Addition u/s 69 of Income Tax Act [Read Order]")
ITAT Approves Rs. 4.41 Crore Deduction u/s 37 for R&D Unit Operations u/s 35(2)(AB) of Income Tax Act
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) granted deduction under Section 37 as Rs. 4.41 crore expenditure justified for Research and Development ( R&D ) unit operations under...
AO Fails to Probe Evidence, Relies Solely on Non-Production of Directors of Subscribing Companies: ITAT Deletes Section 68 Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the Section 68 addition under Income Tax Act, 1961, noting that the Assessing Officer ( AO ) failed to investigate the evidence...
Not Every Deposit during Demonetization Period would fall under Category of Unaccounted Cash: ITAT remits to AO for fresh consideration [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) remitted the case to the Assessing Officer ( AO ) for fresh consideration stating that not every deposit during the demonetization...
![Not Every Deposit during Demonetization Period would fall under Category of Unaccounted Cash: ITAT remits to AO for fresh consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Bangalore-ITAT-news-tax-news-tax-update-Taxscan.jpg "Not Every Deposit during Demonetization Period would fall under Category of Unaccounted Cash: ITAT remits to AO for fresh consideration [Read Order]")
Subscribers Affirms Investments in Equity shares of company, Explains Source of Funds: ITAT deletes addition of Rs. 57.5 crores u/s 68 [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 57.5 Crores under Section 68 of Income Tax Act, 1961 after the subscribers affirmed their investments in...
