Aparna. M
![Interest Income received from Co-Operative Bank is eligible deduction u/s 80(2)(d) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Interest-Income-received-from-Co-Operative-Bank-is-eligible-deduction-Income-Tax-Act-ITAT-TAXSCAN.jpg "Interest Income received from Co-Operative Bank is eligible deduction u/s 80(2)(d) of Income Tax Act: ITAT [Read Order]")
Interest Income received from Co-Operative Bank is eligible deduction u/s 80(2)(d) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench held that interest income received from cooperative banks is eligible for a claim of deduction...
![Interest on Delayed Payment of TDS cannot be allowed as deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Interest-on-Delayed-Payment-Delayed-Payment-of-TDS-Payment-of-TDS-TDS-ITAT-Income-Tax-Tax-Deduction-at-Source-TAXSCAN.jpg "Interest on Delayed Payment of TDS cannot be allowed as deduction: ITAT [Read Order]")
![Advance received against booking of flats are not Unexplained Amount: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Advance-booking-of-flats-Unexplained-Amount-ITAT-TAXSCAN.jpg "Advance received against booking of flats are not Unexplained Amount: ITAT deletes Addition [Read Order]")
![ITAT directs to recompute ALP of international transactions carried out by ICICI Bank pertaining to adjustment towards back office support services [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-13.jpg "ITAT directs to recompute ALP of international transactions carried out by ICICI Bank pertaining to adjustment towards back office support services [Read Order]")
![No Revision Order can be passed u/s 263 of Income Tax Act against issues which are not arising out of Limited Scrutiny: ITAT upholds Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Revision-Order-Income-Tax-Act-Limited-Scrutiny-Assessment-Order-itat-chennai-TAXSCAN.jpg "No Revision Order can be passed u/s 263 of Income Tax Act against issues which are not arising out of Limited Scrutiny: ITAT upholds Assessment Order [Read Order]")
ITAT directs readjudication in respect of condonation of delay in filing appeal due to treatment of ill-health of wife [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, directed readjudication in respect of condonation of delay in filing the appeal due to the ill-health treatment of the wife. The assessee,...
![ITAT directs readjudication in respect of condonation of delay in filing appeal due to treatment of ill-health of wife [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Mumbai-readjudication-condonation-of-delay-filing-appeal-delay-in-filing-appeal-taxscan.jpg "ITAT directs readjudication in respect of condonation of delay in filing appeal due to treatment of ill-health of wife [Read Order]")
Expenses incurred towards club membership fee of employees is business expenditure: ITAT grants relief to ICICI Bank [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, while granting relief to assessee ICICI Bank, held that expenses incurred towards the club membership fee of employees are business...
![Expenses incurred towards club membership fee of employees is business expenditure: ITAT grants relief to ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/business-expenditure-ITAT-ICICI-Bank-TAXSCAN.jpg "Expenses incurred towards club membership fee of employees is business expenditure: ITAT grants relief to ICICI Bank [Read Order]")
Relief to ICICI Bank: ITAT directs to allow Depreciation claimed on Leased Assets continuing from Past Lease Transactions. [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, directed to allow depreciation claims on leased assets continuing from past lease transactions hence granting relief to ICICI Bank. The...
![Relief to ICICI Bank: ITAT directs to allow Depreciation claimed on Leased Assets continuing from Past Lease Transactions. [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-14.jpg "Relief to ICICI Bank: ITAT directs to allow Depreciation claimed on Leased Assets continuing from Past Lease Transactions. [Read Order]")
No disallowance towards interest cost u/s 14A of Income Tax Act when investment made out of own funds: ITAT grants Relief to ICICI Bank [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while granting relief to ICICI Bank, held that no disallowance shall be made towards the interest cost under section 14A of the Income Tax Act,...
![No disallowance towards interest cost u/s 14A of Income Tax Act when investment made out of own funds: ITAT grants Relief to ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-12.jpg "No disallowance towards interest cost u/s 14A of Income Tax Act when investment made out of own funds: ITAT grants Relief to ICICI Bank [Read Order]")
MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, held that mark-to-market losses incurred in the regular course of business by ICICI Bank are allowable as a deduction for computing tax...
![MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/MTM-losses-ICICI-Bank-ITAT-AO-MTM-TAXSCAN.jpg "MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]")
ITAT deletes addition made u/s 69 of Income Tax Act on account of difference of excess stock of 22 Kt Gold and Polki jewellery [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, deleted the addition made under Section 69 of the Income Tax Act, 1961, on account of the difference in excess stock of 222Kt Gold and Polki...
![ITAT deletes addition made u/s 69 of Income Tax Act on account of difference of excess stock of 22 Kt Gold and Polki jewellery [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-image-5-1.jpg "ITAT deletes addition made u/s 69 of Income Tax Act on account of difference of excess stock of 22 Kt Gold and Polki jewellery [Read Order]")
Failure to produce supporting documents: ITAT upholds disallowance of expenditure towards helper allowance claimed as deduction u/s 10(14)(i) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench upheld the disallowance made by the Income Tax Department, stating that the assessee failed to produce supporting documents for the helper...
![Failure to produce supporting documents: ITAT upholds disallowance of expenditure towards helper allowance claimed as deduction u/s 10(14)(i) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/expenditure-deduction-Income-Tax-Act-ITAT-disallowance-TAXSCAN-1.jpg "Failure to produce supporting documents: ITAT upholds disallowance of expenditure towards helper allowance claimed as deduction u/s 10(14)(i) of Income Tax Act [Read Order]")