Aiswarya Krishnadas
![Taxpayer engaged in Development Work with Statutory Bodies eligible for Deduction under Section 80-IA of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Ahmedabad-ITAT-Income-Tax-Section-80-IA-of-Income-Tax-Act-Income-Tax-Act-Taxscan.jpg "Taxpayer engaged in Development Work with Statutory Bodies eligible for Deduction under Section 80-IA of Income Tax Act: ITAT [Read Order]")
Taxpayer engaged in Development Work with Statutory Bodies eligible for Deduction under Section 80-IA of Income Tax Act: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT) observed that the taxpayer engaged in development work with statutory bodies...
![Non-Deduction of TDS u/s 192 on Reimbursement of LTC/LFC and HTC: ITAT holds SBI in default u/s 201(1)(1A) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Income-Tax-SBI-Non-Deduction-of-TDS-TAXSCAN.jpg "Non-Deduction of TDS u/s 192 on Reimbursement of LTC/LFC and HTC: ITAT holds SBI in default u/s 201(1)(1A) of Income Tax Act [Read Order]")
![Delay or Non-cooperation for Proceedings before CIT(A) not relevant for ITATs consideration of Delay Condonation Application: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Kerala-High-Court-Kerala-HC-ITAT-Income-Tax-Non-cooperation-in-CIT-proceedings-CITA-Proceedings-Taxscan.jpg "Delay or Non-cooperation for Proceedings before CIT(A) not relevant for ITATs consideration of Delay Condonation Application: Kerala HC [Read Order]")
![CIT (A) Fails to Prove Records of Unsecured Loan Non -genuine: ITAT Deletes Disallowance of Rs. 116 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/CIT-A-Records-Unsecured-Loan-Non-genuine-ITAT-Disallowance-TAXSCAN.jpg "CIT (A) Fails to Prove Records of Unsecured Loan Non -genuine: ITAT Deletes Disallowance of Rs. 116 crore [Read Order]")
Interest under Land Acquisition Act is Capital Receipt being an Integral part of enhanced Compensation, exempted u/s 10 (37): ITAT [Read Order]
In recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that interest under land acquisition Act is capital receipt being an integral part of enhanced compensation,...
![Interest under Land Acquisition Act is Capital Receipt being an Integral part of enhanced Compensation, exempted u/s 10 (37): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Income-tax-Income-tax-news-Interest-taxscan.jpg "Interest under Land Acquisition Act is Capital Receipt being an Integral part of enhanced Compensation, exempted u/s 10 (37): ITAT [Read Order]")
Chargeability of Deemed Income between Holding and Subsidiary Contradicts Intent of Section 56(2)(viib) of the Income Tax Act : ITAT [Read Order]
The two member bench of the Income Tax Appellate Tribunal ( ITAT ) Delhi, observed that chargeability of deemed income between holding and subsidiary contradicts intent of Section 56(2)(viib) of the...
![Chargeability of Deemed Income between Holding and Subsidiary Contradicts Intent of Section 56(2)(viib) of the Income Tax Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Delhi-ITAT-Income-Tax-Income-Tax-Act-Deemed-Income-ITAT-ruling-on-deemed-income-Taxscan.jpeg "Chargeability of Deemed Income between Holding and Subsidiary Contradicts Intent of Section 56(2)(viib) of the Income Tax Act : ITAT [Read Order]")
Maturity LIC Amounts Exempt from Taxability u/s 10 (10D): ITAT directs AO to delete Addition of 1.43 Crore [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) to delete the addition of 1.43 crore on ground that maturity Life Insurance Corporation (LIC)...
![Maturity LIC Amounts Exempt from Taxability u/s 10 (10D): ITAT directs AO to delete Addition of 1.43 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Maturity-LIC-Amounts-Taxability-us-10-10D-ITAT-AO-TAXSCAN.jpg "Maturity LIC Amounts Exempt from Taxability u/s 10 (10D): ITAT directs AO to delete Addition of 1.43 Crore [Read Order]")
Kerala HC stays Income Tax Recovery Proceedings, directs CIT (A) to Pass Necessary Orders on Condonation Application and Stay Petition [Read Order]
In a recent ruling, the Kerala High Court stayed Income Tax recovery proceedings and directed the Commissioner of Income Tax Appeal ( CIT (A) ) to pass necessary orders on the condonation application...
![Kerala HC stays Income Tax Recovery Proceedings, directs CIT (A) to Pass Necessary Orders on Condonation Application and Stay Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Kerala-High-Court-Kerala-HC-Income-Tax-Recovery-Proceedings-Income-Tax-ITAT-Condonation-application-Taxscan.jpg "Kerala HC stays Income Tax Recovery Proceedings, directs CIT (A) to Pass Necessary Orders on Condonation Application and Stay Petition [Read Order]")
Assessee deposits Mobile Recharge Sale Proceeds in Dena Bank Account, pays Mobile Companies: ITAT deletes Addition on Unexplained Cash u/s 69 [Read Order]
In a recent ruling the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted unexplained cash under Section 69 of Income Tax Act, 1961 as the individual deposited mobile recharge sale...
![Assessee deposits Mobile Recharge Sale Proceeds in Dena Bank Account, pays Mobile Companies: ITAT deletes Addition on Unexplained Cash u/s 69 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-Mobile-recharge-sale-proceeds-Unexplained-Cash-taxscan.jpg "Assessee deposits Mobile Recharge Sale Proceeds in Dena Bank Account, pays Mobile Companies: ITAT deletes Addition on Unexplained Cash u/s 69 [Read Order]")
Setback to ICICI: ITAT confirms Revision of Indexation on Foreign Currency to Calculate Capital Loss [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) confirmed the revision of indexation on foreign currency for calculating capital loss which led to a set back to the ICICI. It was...
![Setback to ICICI: ITAT confirms Revision of Indexation on Foreign Currency to Calculate Capital Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-ICICI-ICICI-capital-loss-Foreign-Currency-Indexation-taxscan.jpg "Setback to ICICI: ITAT confirms Revision of Indexation on Foreign Currency to Calculate Capital Loss [Read Order]")