Aparna. M
![ITAT directs to delete 75% of total addition made towards Overburden Removal Expenditure incurred for Mining Operations [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-total-addition-addition-Overburden-taxscan.jpg "ITAT directs to delete 75% of total addition made towards Overburden Removal Expenditure incurred for Mining Operations [Read Order]")
ITAT directs to delete 75% of total addition made towards Overburden Removal Expenditure incurred for Mining Operations [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench directed to delete 75% of total addition made towards the overburden removal expenditure...
![ITAT deletes addition made towards bogus Interest Expenditure based on Sworn Statements as well as Reconciliation Statements filed by Assessee during Course of Assessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-addition-bogus-bogus-Interest-Expenditure-ITAT-deletes-addition-made-towards-bogus-Interest-Expenditure-based-on-Sworn-Statements-taxscan.jpg "ITAT deletes addition made towards bogus Interest Expenditure based on Sworn Statements as well as Reconciliation Statements filed by Assessee during Course of Assessment Proceedings [Read Order]")
![Difference in dates of Agreement fixing for Consideration and Registration Of Property : ITAT directs to take Date of Agreement adopted by SVA for Compute Full Value Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Difference-dates-of-Agreement-Agreement-Registration-Of-Property-Registration-Property-taxscan.jpg "Difference in dates of Agreement fixing for Consideration and Registration Of Property : ITAT directs to take Date of Agreement adopted by SVA for Compute Full Value Consideration [Read Order]")
![Professional Fees paid to Advocate for drafting Share Purchase Agreement is Revenue Expenditure : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Professional-Fees-Advocate-Share-Purchase-Agreement-Revenue-Expenditure-ITAT-taxscan.jpg "Professional Fees paid to Advocate for drafting Share Purchase Agreement is Revenue Expenditure : ITAT [Read Order]")
![Delhi HC directs Central Government to increase strength of Commissioner (Appeals) for Speedy Disposal of Income Tax Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Delhi-High-Court-Central-Government-increase-strength-of-Commissioner-Appeals-Speedy-Disposal-appeal-Income-Tax-Appeals-taxscan.jpg "Delhi HC directs Central Government to increase strength of Commissioner (Appeals) for Speedy Disposal of Income Tax Appeals [Read Order]")
ITAT allows Carry Forward of Unabsorbed Depreciation Pertaining to AY.s 1997-98 to 2000-01 for Unrestricted Set off [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench, has allowed the carry forward of unabsorbed depreciation from assessment years 1997-98 to 2000-01 for set-off without any time limit. Windsor...
![ITAT allows Carry Forward of Unabsorbed Depreciation Pertaining to AY.s 1997-98 to 2000-01 for Unrestricted Set off [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Carry-Forward-Unabsorbed-Depreciation-Pertaining-Unrestricted-Set-off-TAXSCAN.jpg "ITAT allows Carry Forward of Unabsorbed Depreciation Pertaining to AY.s 1997-98 to 2000-01 for Unrestricted Set off [Read Order]")
Payment made to Professionals towards due Diligence Fees for Rendering Assistance to Acquiring Company is Revenue Expenditure u/s 37(1) of Income Tax Act: ITAT allows Deduction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that the payment made to professionals towards due diligence fees for rendering assistance to acquiring company is revenue expenditure....
![Payment made to Professionals towards due Diligence Fees for Rendering Assistance to Acquiring Company is Revenue Expenditure u/s 37(1) of Income Tax Act: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Payment-Professionals-towards-due-Diligence-Fees-for-Rendering-Assistance-to-Acquiring-Company-is-Revenue-Expenditure-Income-Tax-Act-ITAT-allows-Deduction-TAXSCAN.jpg "Payment made to Professionals towards due Diligence Fees for Rendering Assistance to Acquiring Company is Revenue Expenditure u/s 37(1) of Income Tax Act: ITAT allows Deduction [Read Order]")
Donation received by assessee Trust are not Anonymous Donation u/s 115BBC of Income Tax Act when Complete Records of donors has maintained: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that donations received by the assessee trust are not anonymous donations under Section 115BBC of the Income Tax Act, 1961 when complete...
![Donation received by assessee Trust are not Anonymous Donation u/s 115BBC of Income Tax Act when Complete Records of donors has maintained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Donaassessee-Trust-Anonymous-Donation-Income-Tax-Act-Complete-Records-donors-ITAT-taxscan.jpg "Donation received by assessee Trust are not Anonymous Donation u/s 115BBC of Income Tax Act when Complete Records of donors has maintained: ITAT [Read Order]")
Suspension of Airline Operations for a Particular period due to losses does not amount to Cessation of Business: ITAT deletes Addition made towards disallowance of expenditure [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench during deleting the addition made towards the disallowance of the expenditure held that suspension of airline operations for a particular period...
![Suspension of Airline Operations for a Particular period due to losses does not amount to Cessation of Business: ITAT deletes Addition made towards disallowance of expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Suspension-Airline-Operations-Particular-period-losses-amount-Cessation-of-Business-ITAT-disallowance-of-expenditure-taxscan.jpg "Suspension of Airline Operations for a Particular period due to losses does not amount to Cessation of Business: ITAT deletes Addition made towards disallowance of expenditure [Read Order]")
Appeal against offense punishable u/s 132 of Customs Act disposed without hearing Petitioner: Kerala HC allows Revision Petition [Read Order]
In a significant case the Kerala high court while allowing the revision petition filed by the petitioner observed that appeal against the offence punishable under Section 132 of the Custom Act 1962...
![Appeal against offense punishable u/s 132 of Customs Act disposed without hearing Petitioner: Kerala HC allows Revision Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Appeal-against-offense-punishable-Customs-Act-hearing-Petitioner-Kerala-High-Court-Revision-Petition-taxscan.jpg "Appeal against offense punishable u/s 132 of Customs Act disposed without hearing Petitioner: Kerala HC allows Revision Petition [Read Order]")
Files Return of Income Belatedly without filing Form No.10B to claim deduction u/s 11 or 12 of Income Tax Act: ITAT directs Re-adjudication in respect of Condonation Petition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench directed readjudication in respect of condonation petition filed for belatedly filed return of income without filing Form No.10B to caim...
![Files Return of Income Belatedly without filing Form No.10B to claim deduction u/s 11 or 12 of Income Tax Act: ITAT directs Re-adjudication in respect of Condonation Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Re-adjudication-ITAT-Income-Tax-News-Income-Tax-Tax-News-condonation-directs-re-adjudication-Return-of-Income-Belatedly-TAXSCAN.jpg "Files Return of Income Belatedly without filing Form No.10B to claim deduction u/s 11 or 12 of Income Tax Act: ITAT directs Re-adjudication in respect of Condonation Petition [Read Order]")
ITAT allows Interest Expenses claimed u/s 36(1)(iii) towards Loans advanced to subsidiary companies for Commercial Expediency [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench allowed interest expenses claimed under Section 36(1)(iii) of the Income Tax Act, 1961 towards the loan advanced to subsidiary companies for...
![ITAT allows Interest Expenses claimed u/s 36(1)(iii) towards Loans advanced to subsidiary companies for Commercial Expediency [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Interest-Expenses-Loans-subsidiary-companies-Commercial-Expediency-taxscan.jpg "ITAT allows Interest Expenses claimed u/s 36(1)(iii) towards Loans advanced to subsidiary companies for Commercial Expediency [Read Order]")