Aiswarya Krishnadas
![Failure to File Audit Report in Form 10CCB before ITR filing due date: ITAT disallows Deduction Claim u/s 80IC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Failure-File-Audit-Report-Form-10CCB-ITR-filing-due-date-ITAT-Deduction-Claim-taxscan.jpg "Failure to File Audit Report in Form 10CCB before ITR filing due date: ITAT disallows Deduction Claim u/s 80IC [Read Order]")
Failure to File Audit Report in Form 10CCB before ITR filing due date: ITAT disallows Deduction Claim u/s 80IC [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) recently ruled on a case where deduction claims under Section 80IC of the Income Tax...
![Section 80P(2)(a)(i) Deduction under income Tax Act allowable on Interest Income from Mandatory Co-op Bank Investments under State Societies Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-Act-Deduction-under-income-Tax-Act-Cooperative-Bank-Investments-State-Societies-Act-ITAT-Taxscan.jpg "Section 80P(2)(a)(i) Deduction under income Tax Act allowable on Interest Income from Mandatory Co-op Bank Investments under State Societies Act : ITAT [Read Order]")
![Relief to Toyota Financial: ITAT directs Re-Adjudication on Taxability of Interest Income from NPAs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Toyota-Financial-Interest-income-Interest-income-taxation-taxscan.jpg "Relief to Toyota Financial: ITAT directs Re-Adjudication on Taxability of Interest Income from NPAs [Read Order]")
![Product Development Expenses shall be treated as Revenue Expenditure, eligible for Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Product-Development-TAXSCAN.jpg "Product Development Expenses shall be treated as Revenue Expenditure, eligible for Deduction: ITAT [Read Order]")
![Cash Deposit received from Mother as Gift during demonetization period properly Explained: ITAT deletes Addition u/s 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Cash-Deposit-received-Gift-during-Demonetization-Properly-Explained-ITAT-u-s-69A-TAXSCAN.jpg "Cash Deposit received from Mother as Gift during demonetization period properly Explained: ITAT deletes Addition u/s 69A [Read Order]")
![ITAT deletes addition u/s 68 of Income Tax Act on Submission of Requisite Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Submission-of-Requisite-Documents-taxscan.jpg "ITAT deletes addition u/s 68 of Income Tax Act on Submission of Requisite Documents [Read Order]")
Section 80IA claim permitted on gross basis without offsetting losses from other Industrial Units: ITAT allows Deduction [Read Order]
The bench of the Income Tax Appellate Tribunal ( ITAT ) in Delhi, has observed that the deduction claim under Section 80IA under Income Tax Act, 1961 shall be permitted on gross basis without...
![Section 80IA claim permitted on gross basis without offsetting losses from other Industrial Units: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Deduction-on-gross-basis-Income-tax-deduction-losses-taxscan.jpg "Section 80IA claim permitted on gross basis without offsetting losses from other Industrial Units: ITAT allows Deduction [Read Order]")
Authorities Fails to Realise Company’s Running Maintenance Office Expense: ITAT allows expenses u/s 24 (a) of Income Tax Act [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) approved the claim for the company's ongoing office maintenance expenses under Section 24(a) of the Income Tax Act, 1961, which the...
![Authorities Fails to Realise Company’s Running Maintenance Office Expense: ITAT allows expenses u/s 24 (a) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Kolkata-Income-Tax-Act-Income-Tax-ITAT-Decision-on-Office-Maintenance-Expense-Office-Maintenance-Expense-Taxscan.jpg "Authorities Fails to Realise Company’s Running Maintenance Office Expense: ITAT allows expenses u/s 24 (a) of Income Tax Act [Read Order]")
Framing of Assessment in name of non-existing entity is invalid and Void Ab-initio: ITAT quashes Assessment Order u/s 143(3) of Income Tax Act [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) invalidated the assessment order under Section 143(3) of the Income Tax Act, 1961 stating it as null and void from the beginning,...
![Framing of Assessment in name of non-existing entity is invalid and Void Ab-initio: ITAT quashes Assessment Order u/s 143(3) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Kolkata-Income-Tax-Assessment-Order-TAXSCAN.jpg "Framing of Assessment in name of non-existing entity is invalid and Void Ab-initio: ITAT quashes Assessment Order u/s 143(3) of Income Tax Act [Read Order]")
Transport Services or Medical Expenses Reimbursement provided to non-employees excluded from FBT liability: ITAT deletes Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled in favor of the assessee by removing the addition related to transport services or medical expenses reimbursement provided to...
![Transport Services or Medical Expenses Reimbursement provided to non-employees excluded from FBT liability: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Transport-Services-TAXSCAN.jpeg "Transport Services or Medical Expenses Reimbursement provided to non-employees excluded from FBT liability: ITAT deletes Addition [Read Order]")
![AO and CIT (A) ignores Cash Deposit Evidences: ITAT deletes addition u/s 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/AO-CIT-A-ITAT-addition-AO-and-CIT-A-Ignores-Cash-Deposit-Evidences-taxscan.jpg "AO and CIT (A) ignores Cash Deposit Evidences: ITAT deletes addition u/s 69A [Read Order]")
Limitation period to file Appeal starts from date of acknowledgment order not from dispatch date: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) in Ahmedabad has made a significant ruling clarifying that the limitation period to file an appeal begins from the date of...
![Limitation period to file Appeal starts from date of acknowledgment order not from dispatch date: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/CESTAT-CESTAT-Ahmedabad-Appeal-limitation-period-Appeal-filing-period-Clarification-on-appeal-process-taxscan.jpg "Limitation period to file Appeal starts from date of acknowledgment order not from dispatch date: CESTAT [Read Order]")