Aparna. M
![Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax Deduction u/s. 80P (2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-Income-Co-operative-Society-Cooperative-Bank-Income-Tax-Deduction-Income-Tax-ITAT-taxscan.jpg "Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax Deduction u/s. 80P (2)(d): ITAT [Read Order]")
Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax Deduction u/s. 80P (2)(d): ITAT [Read Order]
Income Tax appellate tribunal (ITAT) of Chennai Bench recently held that interest income earned by cooperative society from another cooperative bank...
![Appeal filed after 4 Years cannot be Condoned without Valid Reason: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Appeal-Condoned-Valid-Reason-ITAT-TAXSCAN.jpg "Appeal filed after 4 Years cannot be Condoned without Valid Reason: ITAT [Read Order]")
![“Close Relatives” include Uncle and Aunt: ITAT deletes Addition for Cash Gift from Close Relatives during Emergency [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Cash-Gift-from-Close-Relatives-Close-Relatives-Cash-Gift-Cash-Gift-from-Close-Relatives-during-Emergency-ITAT-Income-Tax-Income-Tax-Act-ITAT-deletes-Addition-Uncle-and-Aunt-taxscan-.jpg "“Close Relatives” include Uncle and Aunt: ITAT deletes Addition for Cash Gift from Close Relatives during Emergency [Read Order]")
![Capital Gain Exemption cannot be Denied on Alterations to House as there is No Ceiling on Amount of Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Capital-Gain-Exemption-Investment-ITAT-TAXSCAN.jpg "Capital Gain Exemption cannot be Denied on Alterations to House as there is No Ceiling on Amount of Investment: ITAT [Read Order]")
![Failure to Update Income Tax Portal cannot cause any Prejudice to Assessee: Bombay HC Quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Portal-Income-Tax-Tax-Bombay-High-Court-taxscan.jpg "Failure to Update Income Tax Portal cannot cause any Prejudice to Assessee: Bombay HC Quashes Proceedings [Read Order]")
Payment for Breach of Contractual Obligation Pursuant to An Arbitration Award Deductible from Business Income: ITAT [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has held that payment of contractual obligation pursuant to an arbitration award deductible from Business Income. Assessee Nipro...
![Payment for Breach of Contractual Obligation Pursuant to An Arbitration Award Deductible from Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Payment-Breach-of-Contractual-Obligation-Contractual-Obligation-Arbitration-Award-Business-Income-ITAT-Income-Tax-taxscan-.jpg "Payment for Breach of Contractual Obligation Pursuant to An Arbitration Award Deductible from Business Income: ITAT [Read Order]")
![Forest Permit Fee attracts 18% GST: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Forest-Permit-Fee-GST-AAR-Authority-for-Advance-Ruling-taxscan.jpg "Forest Permit Fee attracts 18% GST: AAAR [Read Order]")
![CAM Charges Not Part of Rent, No TDS Default: ITAT grants Relief to BIBA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/CAM-Charges-Rent-TDS-TDS-Default-ITAT-Income-Tax-BIBA-taxscan.jpg "CAM Charges Not Part of Rent, No TDS Default: ITAT grants Relief to BIBA [Read Order]")
No Interest Leviable on Joint Venture Company for filing ITR and Form 3CEB on Last Date of Return filing: ITAT [Read Order]
The Income Tax appellate tribunal in a case recently held that no interest was levied on joint Venture companies for filing Income Tax Return and Form 3CEB on the last date of return filing. ...
![No Interest Leviable on Joint Venture Company for filing ITR and Form 3CEB on Last Date of Return filing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/No-Interest-ITR-Form-3CEB-Return-ITAT-TAXSCAN.jpg "No Interest Leviable on Joint Venture Company for filing ITR and Form 3CEB on Last Date of Return filing: ITAT [Read Order]")
Assessee shall file Rectification Application to Rectify Typographical Errors in ITR, Not Appeal: ITAT [Read Order]
The Income Tax Appellate Tribunal Recently held that assessee should file a rectification application to rectify typographical errors in Income Tax Return hence the assessee could not prefer appeal...
![Assessee shall file Rectification Application to Rectify Typographical Errors in ITR, Not Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Rectification-Application-to-Rectify-Typographical-Errors-ITR-ITAT-TAXSCAN.jpg "Assessee shall file Rectification Application to Rectify Typographical Errors in ITR, Not Appeal: ITAT [Read Order]")
Payment by Oxford University Press towards “School Support Services” for Referring Students constitutes “Brokerage”, TDS Applicable: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Mumbai Bench recently held that payment by Oxford University press towards school support services for referring students constitute brokerage. Assessee...
![Payment by Oxford University Press towards “School Support Services” for Referring Students constitutes “Brokerage”, TDS Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Payment-by-Oxford-University-Press-Payment-Oxford-University-Press-School-Support-Services-Brokerage-TDS-ITAT-Income-Tax-taxscan.jpg "Payment by Oxford University Press towards “School Support Services” for Referring Students constitutes “Brokerage”, TDS Applicable: ITAT [Read Order]")
ITAT Allows NRI to Rectify Income Tax Return after 7 Years as Tax Benefit was Not Claimed by Mistake [Read Order]
Income Tax Appellate Tribunal (ITAT) recently allowed non -resident Indian (NRI) vto rectify Income Tax Return after seven years as tax benefit was not claimed by mistake. P.R.Mohanty who had...
![ITAT Allows NRI to Rectify Income Tax Return after 7 Years as Tax Benefit was Not Claimed by Mistake [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-NRI-Income-Tax-Return-Tax-TAXSCAN.jpg "ITAT Allows NRI to Rectify Income Tax Return after 7 Years as Tax Benefit was Not Claimed by Mistake [Read Order]")