Aparna. M
![No Disallowance of Commission paid to U.S Sales Agent for Selling Products in U.S u/s 40(a)(i) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Commission-paid-Sales-Agent-Selling-Products-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "No Disallowance of Commission paid to U.S Sales Agent for Selling Products in U.S u/s 40(a)(i) of the Income Tax Act: ITAT [Read Order]")
No Disallowance of Commission paid to U.S Sales Agent for Selling Products in U.S u/s 40(a)(i) of the Income Tax Act: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that commission paid to US sales agents for selling products in the US...
![No Disallowance of Expenditure on Account of Accumulated Service Tax of Rent: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Disallowance-of-Expenditure-Account-of-Accumulated-Service-Tax-of-Rent-ITAT-TAXSCAN.jpg "No Disallowance of Expenditure on Account of Accumulated Service Tax of Rent: ITAT [Read Order]")
![Assessment Order passed without enquiry into CFS Charges paid to Continental Warehousing Corporation: ITAT upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Assessment-Order-passed-without-enquiry-Assessment-Order-CFS-Charges-Continental-Warehousing-Corporation-ITAT-Revision-Order-taxscan.jpg "Assessment Order passed without enquiry into CFS Charges paid to Continental Warehousing Corporation: ITAT upholds Revision Order [Read Order]")
![Interest Income of Farmers Services Co-operative Society from Fixed Deposits in Union Bank of India deductible u/s 80P (2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-Farmers-Services-Co-operative-Society-Services-Co-operative-Society-Fixed-Deposits-Union-Bank-of-India-ITAT-Taxscan.jpg "Interest Income of Farmers Services Co-operative Society from Fixed Deposits in Union Bank of India deductible u/s 80P (2)(a)(i): ITAT [Read Order]")
Interest Income of Co-operative Credit Societies from Credit Balances deductible u/s 80P(2)(a)(i): ITAT [Read Order]
The Hyderabad Bench Of Income Tax Appellate Tribunal (ITAT)has recently held that interest income of co-operative credit societis from credit balances deductible under section 80P(2)(a)(i) of the...
![Interest Income of Co-operative Credit Societies from Credit Balances deductible u/s 80P(2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-of-Co-operative-Credit-Societies-Co-operative-Credit-Societies-Interest-Income-Credit-Balances-ITAT-taxscan.jpg "Interest Income of Co-operative Credit Societies from Credit Balances deductible u/s 80P(2)(a)(i): ITAT [Read Order]")
No addition can be made u/s 69A of Income Tax Act on cash received on sale of Ancestral Agricultural Land: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no addition could be made under Section 69 of Income Tax Act 1961, on cash received on sale of ancestral...
![No addition can be made u/s 69A of Income Tax Act on cash received on sale of Ancestral Agricultural Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Act-cash-received-sale-of-Ancestral-Agricultural-Land-sale-Ancestral-Agricultural-Land-Income-Tax-ITAT-taxscan.jpg "No addition can be made u/s 69A of Income Tax Act on cash received on sale of Ancestral Agricultural Land: ITAT [Read Order]")
Employees of State Government Undertaking cannot be treated as State Government Employee: ITAT upholds Restricting Exemption made u/s 10(10) & s.10(10AA) of Income Tax Act
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that employees of state government undertakings could not be treated as state government employees. Therefore the...
ITAT allows Increase in Proportionate Capital Gains Deduction u/s 54F for Disallowance of Indexed Cost of Improvement: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has allowed increase in proportionate capital gain deduction under Section 54F of the Income Tax Act, 1961 for disallowance of index cost of...
![ITAT allows Increase in Proportionate Capital Gains Deduction u/s 54F for Disallowance of Indexed Cost of Improvement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Proportionate-Capital-Gains-Deduction-Disallowance-Indexed-Cost-of-Improvement-ITAT-TAXSCAN.jpg "ITAT allows Increase in Proportionate Capital Gains Deduction u/s 54F for Disallowance of Indexed Cost of Improvement: ITAT [Read Order]")
No addition can made u/s 23(4) of Act on Deemed Rent on Unsold Flats declared as Stock In Trade: ITAT [Read Order]
In a significant case the Pune bench of the Income Tax Appellate Tribunal (ITAT) held that no addition could be made under Section 23(4) of Income Tax Act, 1961 on deemed rent on unsold flats...
![No addition can made u/s 23(4) of Act on Deemed Rent on Unsold Flats declared as Stock In Trade: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/u-s-234-Act-Deemed-Rent-on-Unsold-Flats-declared-as-Stock-In-Trade-ITAT-TAXSCAN.jpg "No addition can made u/s 23(4) of Act on Deemed Rent on Unsold Flats declared as Stock In Trade: ITAT [Read Order]")
Capital Gain Exemption u/s 54F of Act Allowable for Purchase of Property along with Husband and Son: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that capital gain exemption under Section 54F of the Income Tax Act, 1961 has available for purchase of property along...
![Capital Gain Exemption u/s 54F of Act Allowable for Purchase of Property along with Husband and Son: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Capital-Gain-Exemption-Capital-Gain-Purchase-of-Property-Purchase-of-Property-Property-Husband-and-Son-ITAT-Income-Tax-taxscan.jpg "Capital Gain Exemption u/s 54F of Act Allowable for Purchase of Property along with Husband and Son: ITAT [Read Order]")
No Addition can be made on Account of Unexplained Closing Cash filed u/s 44AD of Income Tax Act: ITAT [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has recently held that no addition could be made on account of an unexplained closing case filed under Section 44AD of Income Tax Act 1961....
![No Addition can be made on Account of Unexplained Closing Cash filed u/s 44AD of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Account-Unexplained-Closing-Cash-Closing-Cash-Account-of-Unexplained-Closing-Cash-Income-Tax-Act-Income-Tax-Tax-ITAT-Taxscan.jpg "No Addition can be made on Account of Unexplained Closing Cash filed u/s 44AD of Income Tax Act: ITAT [Read Order]")