Aparna. M
![Disallowance u/s 14A of Income Tax Act should be limited to Exempted Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Disallowance-TAXSCAN.jpg "Disallowance u/s 14A of Income Tax Act should be limited to Exempted Income: ITAT [Read Order]")
Disallowance u/s 14A of Income Tax Act should be limited to Exempted Income: ITAT [Read Order]
The Two member bench of Income Tax Appellate Tribunal ( ITAT ) of Bangalore held that disallowance under Section 14A of the Income Tax Act, 1961...
![ITAT allows Deduction claimed u/s 80IA of Act on Account of Profit derived as per Agreement with DIAL [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Delhi-ITAT-Income-Tax-Delhi-International-Airport-Limited-80IA-Deduction-DIAL-Agreement-Taxscan.jpg "ITAT allows Deduction claimed u/s 80IA of Act on Account of Profit derived as per Agreement with DIAL [Read Order]")
![Rejection of Application of Exemption claimed u/s 80G of Income Tax Act on account of failure to produce Documentary Evidence: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Pune-Income-Tax-Documentary-evidence-taxscan.jpg "Rejection of Application of Exemption claimed u/s 80G of Income Tax Act on account of failure to produce Documentary Evidence: ITAT directs Readjudication [Read Order]")
![ITAT allows Deduction of ESOP expenses claimed within the time limit prescribed u/s 139(5) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Deduction-ESOP-TAXSCAN.jpg "ITAT allows Deduction of ESOP expenses claimed within the time limit prescribed u/s 139(5) of Income Tax Act [Read Order]")
TDS interest paid on Account of Expenses on repair and maintenance of Aircrafts not allowable: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) ruled that interest paid on account of expenses on repair and maintenance of aircrafts are not allowable expenditure. The Assessee, India...
![TDS interest paid on Account of Expenses on repair and maintenance of Aircrafts not allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/TDS-interest-paid-account-of-expenses-repair-and-Maintenance-of-Aircrafts-ITAT-TAXSCAN.jpg "TDS interest paid on Account of Expenses on repair and maintenance of Aircrafts not allowable: ITAT [Read Order]")
No disallowance towards business loss incurred Erection and Testing Services of Hindustan Thermal: ITAT [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) held that no disallowance should be made towards the business loss incurred on erection and testing services of Hindustan Thermal....
![No disallowance towards business loss incurred Erection and Testing Services of Hindustan Thermal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Hindustan-Thermal-Business-Loss-Hindustan-Thermal-Testing-Services-taxscan.jpg "No disallowance towards business loss incurred Erection and Testing Services of Hindustan Thermal: ITAT [Read Order]")
Interest earned on deposits kept for Business cannot be taxed as Income from other Sources: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest earned on deposits kept for the purpose of business could not be taxed under income from other sources. The Appeal was...
![Interest earned on deposits kept for Business cannot be taxed as Income from other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Interest-earned-deposits-Business-Income-from-other-Sources-ITAT-taxscan.jpg "Interest earned on deposits kept for Business cannot be taxed as Income from other Sources: ITAT [Read Order]")
![ITAT allows Depreciation claims on Aircraft put to use for a period less than 180 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Delhi-Depreciation-Claims-on-Aircraft-ITAT-aircraft-depreciation-ruling-ITAT-decision-on-aviation-depreciation-Taxscan.jpg "ITAT allows Depreciation claims on Aircraft put to use for a period less than 180 days [Read Order]")
![ITAT quashes reassessment proceedings initiated on basis of incorrect facts recorded by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Reassessment-TAXSCAN.jpg "ITAT quashes reassessment proceedings initiated on basis of incorrect facts recorded by AO [Read Order]")
Deferred Revenue expenditure incurred on account of leased Aircraft Engine Improvement: ITAT directs re adjudication [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) directed readjudication with respect to deferred revenue expenditure incurred on account of leased aircraft engine improvement. The...
![Deferred Revenue expenditure incurred on account of leased Aircraft Engine Improvement: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Aircraft-Engine-Aircraft-Engine-Improvement-taxscan.jpg "Deferred Revenue expenditure incurred on account of leased Aircraft Engine Improvement: ITAT directs re adjudication [Read Order]")
No addition shall made when Commission earned from Consignment Sale of Foodgrains are reflected in P&L Account: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) held that no addition should be made when commissions earned from consignment sale of food grains are reflected in profit and loss account. ...
![No addition shall made when Commission earned from Consignment Sale of Foodgrains are reflected in P&L Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-tax-Consignment-sale-Profit-and-loss-account-Food-grains-consignment-sale-taxscan.jpg "No addition shall made when Commission earned from Consignment Sale of Foodgrains are reflected in P&L Account: ITAT [Read Order]")