Aparna. M
![Interest Income Derived from the Business of Manufacturing and Export of Rice is Eligible for Deduction u/s 10B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-Derived-from-the-Business-of-Manufacturing-and-Export-of-Rice-Interest-Income-Interest-Income-Derived-from-the-Business-Manufacturing-and-Export-of-Rice-Income-Tax-Act-ITAT-Taxscan.jpg "Interest Income Derived from the Business of Manufacturing and Export of Rice is Eligible for Deduction u/s 10B of Income Tax Act: ITAT [Read Order]")
Interest Income Derived from the Business of Manufacturing and Export of Rice is Eligible for Deduction u/s 10B of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT)has recently held that interest income derived from the business of manufacturing and...
![Re-assessment Order framed without Issuance of Notice u/s 143(2) of Income Tax Act is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Re-assessment-Order-Issuance-Issuance-of-Notice-Notice-Income-Tax-Act-Income-Tax-Act-is-Invalid-ITAT-taxscan.jpg "Re-assessment Order framed without Issuance of Notice u/s 143(2) of Income Tax Act is Invalid: ITAT [Read Order]")
![ITAT upholds Addition made u/s 69Â on Unaccounted, Undisclosed Income on the basis of the Seized Loose Papers [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Unaccounted-Undisclosed-Income-Seized-Loose-Papers-Loose-Papers-Undisclosed-Income-on-the-basis-of-the-Seized-Loose-Papers-ITAT-upholds-Addition-taxscan.jpg "ITAT upholds Addition made u/s 69Â on Unaccounted, Undisclosed Income on the basis of the Seized Loose Papers [Read Order]")
![No Addition can be made on Unexplained Cash Credit from Sale and Purchase of Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-can-be-made-on-Unexplained-Cash-Credit-Sale-and-Purchase-of-Shares-ITAT-TAXSCAN.jpg "No Addition can be made on Unexplained Cash Credit from Sale and Purchase of Shares: ITAT [Read Order]")
![Income offered towards Excess Stock not Unexplained Investment u/s 69B, No Income Tax levy u/s 115BBE : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Excess-Stock-Unexplained-Investment-us-69B-Income-Tax-levy-us-115BBE-ITAT-TAXSCAN1.jpg "Income offered towards Excess Stock not Unexplained Investment u/s 69B, No Income Tax levy u/s 115BBE : ITAT [Read Order]")
Re-assessment Order passed without Considering Submissions of Assessee : ITAT remands matter to AO for Fresh Adjudication [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has recently while allowing the appeal filed by the assessee remanded assessee’s matter to the assessing officer for fresh adjudication...
![Re-assessment Order passed without Considering Submissions of Assessee : ITAT remands matter to AO for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Submissions-of-Assessee-Re-assessment-Order-Re-assessment-Assessee-Re-assessment-ITAT-AO-Fresh-Adjudication-taxscan.jpg "Re-assessment Order passed without Considering Submissions of Assessee : ITAT remands matter to AO for Fresh Adjudication [Read Order]")
Addition made on Loan Amount u/s 68 of Act are based on Utter Suspicion and Conjectures: ITAT deletes Addition [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) recently held that additions made on loan amount under Section 68 of the Income Tax Act 1961 are based on uttar suspicion and...
![Addition made on Loan Amount u/s 68 of Act are based on Utter Suspicion and Conjectures: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-made-on-Loan-Amount-ITAT-deletes-Addition-Addition-Loan-Amount-Utter-Suspicion-Utter-Suspicion-and-Conjectures-Conjectures-ITAT-Income-tax-taxscan.jpg "Addition made on Loan Amount u/s 68 of Act are based on Utter Suspicion and Conjectures: ITAT deletes Addition [Read Order]")
![Capital Gain Exemption Benefit u/s 54Â can be availed in respect of Basement Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Capital-Gain-Exemption-respect-of-Basement-Property-ITAT-TAXSCAN.jpg "Capital Gain Exemption Benefit u/s 54Â can be availed in respect of Basement Property: ITAT [Read Order]")
Income Generated from Production and Sale of White Button Mushrooms is Agricultural Activity, shall Exempt from Tax: ITAT [Read Order]
The Chennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that income generated from production and sale of white button mushrooms is agriculture activity hence shall be exempt from...
![Income Generated from Production and Sale of White Button Mushrooms is Agricultural Activity, shall Exempt from Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Generated-from-Production-Income-Generated-Production-Sale-of-White-Button-Mushrooms-White-Button-Mushrooms-Agricultural-Activity-Tax-ITAT-Taxscan.jpg "Income Generated from Production and Sale of White Button Mushrooms is Agricultural Activity, shall Exempt from Tax: ITAT [Read Order]")
![No addition can be made on Unexplained Credit Amount in the Bank Account of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Unexplained-Credit-Amount-Bank-Account-of-Assessee-ITAT-TAXSCAN.jpg "No addition can be made on Unexplained Credit Amount in the Bank Account of Assessee: ITAT [Read Order]")
Income Tax Department has no power to recover TDS from vender if vendee Deducts Tax at Source for Purchase of Property: ITAT
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has recently held that income tax department has no power to recover Tax Deduction at Source (TDS) from vendor if vendee deducts tax...
