Aiswarya Krishnadas
![Form 26 AS or Form 16 Essential for TDS Credit Claim: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Mumbai-ITAT-Income-Tax-TDS-Credit-Claim-TDS-Tax-Deducted-at-Source-Form-16-ITAT-Taxscan.jpg "Form 26 AS or Form 16 Essential for TDS Credit Claim: ITAT Directs Re-adjudication [Read Order]")
Form 26 AS or Form 16 Essential for TDS Credit Claim: ITAT Directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has directed re-adjudication, stating that either Form 26AS or Form 16 is essential...
![Jurisdictional notice u/s 143(2) of Income Tax Act issued beyond prescribed limitation period: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Income-Tax-Assessment-order-TAXSCAN.jpg "Jurisdictional notice u/s 143(2) of Income Tax Act issued beyond prescribed limitation period: ITAT quashes Assessment Order [Read Order]")
![Sponsorship Fee paid to Trust found more Personal Obligation of Director, Not a Business Expenditure: ITAT confirms Disallowance of Rs.15L [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Delhi-Income-Tax-Sponsorship-Fee-Personal-Obligation-of-Director-TAXSCAN.jpg "Sponsorship Fee paid to Trust found more Personal Obligation of Director, Not a Business Expenditure: ITAT confirms Disallowance of Rs.15L [Read Order]")
![Commission Paid for Works Obtained and Sub Contracted Allowable as Business Expenditure u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Commission-Paid-for-Works-Business-Expenditure-Commission-Paid-for-Works-Obtained-and-Sub-Contracted-ITAT-taxscan.jpg "Commission Paid for Works Obtained and Sub Contracted Allowable as Business Expenditure u/s 37: ITAT [Read Order]")
![Determination of Income in Assessment Order cannot be basis for Filing of ITR u/s 139 (1): ITAT Quashes Penalty u/s 271 F of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Labor-Expenses-Capitalised-Land-value-No-Deduction-claimed-P-L-Account-ITAT-deletes-taxscan.jpg "Determination of Income in Assessment Order cannot be basis for Filing of ITR u/s 139 (1): ITAT Quashes Penalty u/s 271 F of Income Tax Act [Read Order]")
Labor Expenses Capitalised in Land value, No Deduction claimed in P & L Account: ITAT deletes Addition of 1.74 crore [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of 1.74 crore after finding that labor expenses capitalized in land value did not warrant deduction claimed in...
![Labor Expenses Capitalised in Land value, No Deduction claimed in P & L Account: ITAT deletes Addition of 1.74 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Labor-Expenses-Capitalised-Land-value-No-Deduction-claimed-in-P-L-Account-ITAT-taxscan.jpg "Labor Expenses Capitalised in Land value, No Deduction claimed in P & L Account: ITAT deletes Addition of 1.74 crore [Read Order]")
Relief to Indian Oil Employees Welfare: ITAT rules Interest Income to Cooperative Society from Investment with any Other Cooperative Society Deemed allowable u/s 80P [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that interest income to a cooperative society from investments with any other cooperative society is deemed allowable under...
![Relief to Indian Oil Employees Welfare: ITAT rules Interest Income to Cooperative Society from Investment with any Other Cooperative Society Deemed allowable u/s 80P [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-Tax-Cooperative-Society-Indian-Oil-taxscan.jpg "Relief to Indian Oil Employees Welfare: ITAT rules Interest Income to Cooperative Society from Investment with any Other Cooperative Society Deemed allowable u/s 80P [Read Order]")
Form No. 10AB Timeline Extension for S.12A Recognition is Deemed Extension for Approval Renewal u/s 80G (iii) First Provison of Income Tax Act: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) noted that the extension timeline provided in Form No. 10AB for Section 12A recognition was deemed to be an extension for the approval...
![Form No. 10AB Timeline Extension for S.12A Recognition is Deemed Extension for Approval Renewal u/s 80G (iii) First Provison of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Form-No.-10AB-Timeline-Extension-S.12A-Recognition-Deemed-Extension-Approval-Renewal-First-Provison-Income-Tax-ITAT-taxscan.jpg "Form No. 10AB Timeline Extension for S.12A Recognition is Deemed Extension for Approval Renewal u/s 80G (iii) First Provison of Income Tax Act: ITAT [Read Order]")
Property Sold in Low Price Due to Obstacles in Peaceful Enjoyment: ITAT deletes Capital Gains Addition based on DVO [Read Order]
In a recent ruling, the Kolkata bench Income Tax Appellate Tribunal ( ITAT ) deleted the capital gain addition made by the Assessing Officer (AO) as the tribunal was convinced that the assessee as a...
![Property Sold in Low Price Due to Obstacles in Peaceful Enjoyment: ITAT deletes Capital Gains Addition based on DVO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Property-Sold-in-Low-Price-Due-ITAT-Capital-Gains-DVO-TAXSCAN.jpg "Property Sold in Low Price Due to Obstacles in Peaceful Enjoyment: ITAT deletes Capital Gains Addition based on DVO [Read Order]")
ITR Filing within Due Date is Mandatory for Claiming Deduction u/s 80IB (10) of Income Tax Act: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the Income Tax Return filing within due date in mandatory for claiming deduction under Section 80IB (10) of Income Tax...
![ITR Filing within Due Date is Mandatory for Claiming Deduction u/s 80IB (10) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Ahmedabad-ITAT-Income-Tax-Income-Tax-Act-ITR-Filing-Income-Tax-Returns-Filing-Taxscan.jpg "ITR Filing within Due Date is Mandatory for Claiming Deduction u/s 80IB (10) of Income Tax Act: ITAT [Read Order]")
CPC Lacked Authority for Preliminary Deduction u/s  80P of Income Tax Act Pre-April 2021: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that the Centralized Processing Centre (CPC) lacked authority for preliminary deduction under Section 80P of the Income Tax...
![CPC Lacked Authority for Preliminary Deduction u/s  80P of Income Tax Act Pre-April 2021: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/CPC-CPC-Lacked-Authority-for-Preliminary-Deduction-Deduction-Income-Tax-Act-ITAT-taxscan.jpg "CPC Lacked Authority for Preliminary Deduction u/s  80P of Income Tax Act Pre-April 2021: ITAT [Read Order]")
Taxpayer's Document Validates Identity and Transaction Genuineness: ITAT deletes Addition u/s 68 [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition under Section 68 of the Income Tax Act, 1961 after validating the taxpayer's document, affirming the identity...
![Taxpayers Document Validates Identity and Transaction Genuineness: ITAT deletes Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Kolkata-ITAT-Income-tax-Section-68-taxscan.jpg "Taxpayers Document Validates Identity and Transaction Genuineness: ITAT deletes Addition u/s 68 [Read Order]")