Aparna. M
![Dispute in Concessional Rate of Tax while processing Return of Income: ITAT directs to verify documents with respect to Form 10-IC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Income-Tax-Appellate-Tribunal-ITAT-mumbai-Form-10-IC-TAXSCAN.jpg "Dispute in Concessional Rate of Tax while processing Return of Income: ITAT directs to verify documents with respect to Form 10-IC [Read Order]")
Dispute in Concessional Rate of Tax while processing Return of Income: ITAT directs to verify documents with respect to Form 10-IC [Read Order]
Mumbai bench of Income Tax Appellate Tribunal (ITAT), directed to verify documents with respect to Form 10-IC in case of dispute in...
![Percentage of Ownership Absent in Sale Deed: ITAT upholds addition made on Self-Occupied House Property in hands of Husband [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Ownership-Absent-in-Sale-Deed-ITAT-Delhi-Sale-Deed-Self-Occupied-House-Property-taxscan.webp "Percentage of Ownership Absent in Sale Deed: ITAT upholds addition made on Self-Occupied House Property in hands of Husband [Read Order]")
![Penalty Notice issued without deleting or striking off inapplicable part: ITAT Deletes Penalty levied u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-mumbai-ITAT-Penalty-Deletion-Inapplicable-Penalty-Notice-Incorrect-Penalty-Notice-Deletion-ITAT-Decisions-on-Tax-Penalties-Taxscan.jpg "Penalty Notice issued without deleting or striking off inapplicable part: ITAT Deletes Penalty levied u/s 271(1)(c) of Income Tax Act [Read Order]")
Capital Gain earn from sale of shares cannot be held as Bogus merely on basis of report unearthed in case of third parties: ITAT deletes addition made u/s 68 of IT Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench while deleting the addition made under Section 68 of the Income Tax Act, 1961 held that capital gain earned from sale of shares could...
![Capital Gain earn from sale of shares cannot be held as Bogus merely on basis of report unearthed in case of third parties: ITAT deletes addition made u/s 68 of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Capital-Gain-Failure-to-prove-Existence-of-Firm-and-its-Succession-with-Company-ITAT-TAXSCAN.jpg "Capital Gain earn from sale of shares cannot be held as Bogus merely on basis of report unearthed in case of third parties: ITAT deletes addition made u/s 68 of IT Act [Read Order]")
Failure to file Form no. 10CCB along with Return of Income: ITAT upholds disallowance of deduction u/s 80IC [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chennai while upheld the disallowance of deduction claimed under Section 80IC of the Income Tax Act, 1961 held that the assessee failed to file Form...
![Failure to file Form no. 10CCB along with Return of Income: ITAT upholds disallowance of deduction u/s 80IC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Chennai-ITAT-upholds-disallowance-of-Deduction-Income-tax-Return-of-income-Failure-to-file-Form-Disallowance-of-Deduction-TAXSCAN.jpeg "Failure to file Form no. 10CCB along with Return of Income: ITAT upholds disallowance of deduction u/s 80IC [Read Order]")
ITAT deletes calculation made by AO on cost of funds by applying 15% flat rate on ad-hoc basis on interest income earned by cooperative society [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench deleted calculations made by AO on cost funds by applying a 15%flat ratio, the ad-hoc basis on interest income earned by cooperative...
![ITAT deletes calculation made by AO on cost of funds by applying 15% flat rate on ad-hoc basis on interest income earned by cooperative society [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Bangalore-cooperative-society-ITAT-deletes-calculation-TAXSCAN.jpg "ITAT deletes calculation made by AO on cost of funds by applying 15% flat rate on ad-hoc basis on interest income earned by cooperative society [Read Order]")
No prudent man will retain a sum for long period to redeposit in account: ITAT upholds addition made u/s 69A of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore bench while upheld the addition made under Section 69 A of the Income Tax Act, 1961 held that no prudent man would retain a sum for a long period...
![No prudent man will retain a sum for long period to redeposit in account: ITAT upholds addition made u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-bangalore-redeposit-in-account-income-tax-act-ITAT-ruling-on-sum-redeposit-in-account-ITAT-decision-on-long-term-sum-retention-taxscan.jpg "No prudent man will retain a sum for long period to redeposit in account: ITAT upholds addition made u/s 69A of Income Tax Act [Read Order]")
Levying/collecting fees for guarantee from MLIs not profit motive: ITAT allows benefit of section 11 & 12 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench while allowing benefit of section 11 and 12 of the Income Tax Act, 1961 held that levying/collecting fees for guarantee from Member...
![Levying/collecting fees for guarantee from MLIs not profit motive: ITAT allows benefit of section 11 & 12 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Mumbai-Member-Lending-Institutions-Collection-of-fees-Levy-fees-for-guarantee-Taxation-on-guarantee-fees-Income-Tax-taxscan-1.jpg "Levying/collecting fees for guarantee from MLIs not profit motive: ITAT allows benefit of section 11 & 12 of Income Tax Act [Read Order]")
No addition based on outcome of Confirmatory Letters when assessee proved genuineness of business transactions: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chennai bench held that no addition should be made on the basis of outcome of confirmatory letters when assessee proved genuineness of business...
![No addition based on outcome of Confirmatory Letters when assessee proved genuineness of business transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/No-addition-addition-Confirmatory-Letters-addition-based-on-outcome-of-Confirmatory-Letters-when-assessee-Business-Transactions-ITAT-taxscan.jpg "No addition based on outcome of Confirmatory Letters when assessee proved genuineness of business transactions: ITAT [Read Order]")
ITAT directs to restrict Unexplained Portion of cash and Gold Bars received to 50% of as Gift from family in Navjote ceremony of son [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench directed it to restrict to the extent of 50% of unexplained portion of cash and Gold bars received as gift from family in Navjote ceremony of...
![ITAT directs to restrict Unexplained Portion of cash and Gold Bars received to 50% of as Gift from family in Navjote ceremony of son [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-cash-and-Gold-Bars-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "ITAT directs to restrict Unexplained Portion of cash and Gold Bars received to 50% of as Gift from family in Navjote ceremony of son [Read Order]")