Aparna. M
![Original Return of Income filed before time prescribed u/s 139(1) of Income Tax Act: ITAT allows Claim of Deduction u/s.80JJAA of Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Original-Return-Income-filed-time-prescribed-Income-Tax-Act-ITAT-claim-deduction-TAXSCAN.jpg "Original Return of Income filed before time prescribed u/s 139(1) of Income Tax Act: ITAT allows Claim of Deduction u/s.80JJAA of Act [Read Order]")
Original Return of Income filed before time prescribed u/s 139(1) of Income Tax Act: ITAT allows Claim of Deduction u/s.80JJAA of Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench while allowing the claim of deduction under Section 80JJAA of Income Tax Act, 1961 held that...
![Non-compliance of Income Tax Proceedings before Lower Authorities: ITAT directs pay cost of RS.5000/- to PM relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Non-compliance-Income-Tax-Proceedings-Lower-Authorities-ITAT-PM-relief-Fund-TAXSCAN.jpg "Non-compliance of Income Tax Proceedings before Lower Authorities: ITAT directs pay cost of RS.5000/- to PM relief Fund [Read Order]")
![Penalty u/s 271(1)(c) of Income Tax Act is not Leviable on Estimated Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Penalty-Income-Tax-Act-Estimated-Addition-Addition-ITAT-Taxscan.jpg "Penalty u/s 271(1)(c) of Income Tax Act is not Leviable on Estimated Addition: ITAT [Read Order]")
![No addition can be made in hands of Assessee based on Book of Another Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-addition-addition-No-addition-can-be-made-in-hands-of-Assessee-hands-of-Assessee-Book-Book-of-Another-Firm-taxscan.jpg "No addition can be made in hands of Assessee based on Book of Another Firm: ITAT [Read Order]")
![LIBOR is appropriate Benchmarking Rate for determining ALP on outbound Loan Transactions: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/LIBOR-appropriate-Benchmarking-Rate-ALP-outbound-Loan-Transactions-ITAT-Appeal-taxscan.jpg "LIBOR is appropriate Benchmarking Rate for determining ALP on outbound Loan Transactions: ITAT dismisses Appeal [Read Order]")
![Investment made from Interest Free Own Funds: ITAT deletes Disallowance of Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Investment-Interest-Free-Funds-ITAT-Disallowance-Interest-taxscan.jpg "Investment made from Interest Free Own Funds: ITAT deletes Disallowance of Interest [Read Order]")
ITAT quashes Reassessment in respect of Accommodation Entry without provide proper approval u/s 151 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench quashed the reopening assessment in respect of accommodation entry without providing proper approval under Section 151 of Income Tax Act, 1961. ...
![ITAT quashes Reassessment in respect of Accommodation Entry without provide proper approval u/s 151 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-quashes-Reassessment-ITAT-Reassessment-Accommodation-Entry-provide-proper-approval-Income-Tax-Act-taxscan.jpg "ITAT quashes Reassessment in respect of Accommodation Entry without provide proper approval u/s 151 of Income Tax Act [Read Order]")
Share of Substantial Profit earned from sale of Agricultural Land to NRDA eligible to Tax: ITAT upholds Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT) Raipur Bench while upheld the revision order held that the share of substantial profit earned from sale of agricultural land to National Rural...
![Share of Substantial Profit earned from sale of Agricultural Land to NRDA eligible to Tax: ITAT upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Share-of-Substantial-Profit-Substantial-Profit-Agricultural-Land-Profit-NRDA-NRDA-eligible-to-Tax-taxscan.jpg "Share of Substantial Profit earned from sale of Agricultural Land to NRDA eligible to Tax: ITAT upholds Revision Order [Read Order]")
Mismatch in contract receipts shown in P&L account and Form 26AS reconciled by Self speaking documentary evidence: ITAT deletes addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Mumbai Bench recently while deleting the addition made by the Assessing officer (AO) held that mismatch in contract receipts shown in profit and loss...
![Mismatch in contract receipts shown in P&L account and Form 26AS reconciled by Self speaking documentary evidence: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Mismatch-Mismatch-in-contract-receipts-contract-receipts-PL-account-taxscan.jpg "Mismatch in contract receipts shown in P&L account and Form 26AS reconciled by Self speaking documentary evidence: ITAT deletes addition [Read Order]")
Bad Debts declared as NPS before 01.04.2006 are allowable as deduction u/s 36(l)(vii) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench held that bad debts declared as Non-Performing Assets (NPS) before 01.04.2006 are allowed as deduction under Section 36(l)(vii) of Income Tax...
![Bad Debts declared as NPS before 01.04.2006 are allowable as deduction u/s 36(l)(vii) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Bad-Debts-NPS-allowable-deduction-Income-Tax-Act-taxscan.jpg "Bad Debts declared as NPS before 01.04.2006 are allowable as deduction u/s 36(l)(vii) of Income Tax Act: ITAT [Read Order]")
Failure to follow Mandatory Procedure laid down u/s 144C of Income Tax Act for Passing Draft Assessment Order: ITAT allows Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench by allowing appeal filed by the assessee held that the Assessing officer failed to follow the mandatory procedure laid down under Section 144C of...
![Failure to follow Mandatory Procedure laid down u/s 144C of Income Tax Act for Passing Draft Assessment Order: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Failure-follow-Procedure-Income-Tax-Act-Passing-Assessment-Order-TAXSCAN.jpg "Failure to follow Mandatory Procedure laid down u/s 144C of Income Tax Act for Passing Draft Assessment Order: ITAT allows Appeal [Read Order]")
ITAT dismisses Rectification Orders passed u/s 154 of Income Tax Act without setting off Business Loss against Property Income and Income from Other Sources [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench Dismissed the rectification order passed under Section 154 of Income Tax Act, 1961 without setting off business loss against property Income ...
![ITAT dismisses Rectification Orders passed u/s 154 of Income Tax Act without setting off Business Loss against Property Income and Income from Other Sources [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-dismisses-Rectification-Orders-passed-Income-Tax-Act-Business-Loss-against-Property-Income-and-Income-from-Other-Sources-TAXSCAN.jpg "ITAT dismisses Rectification Orders passed u/s 154 of Income Tax Act without setting off Business Loss against Property Income and Income from Other Sources [Read Order]")