Aparna. M
CSR Expenses Carried out by Hindustan Coca-Cola Beverages are Eligible for Deduction u/S 37(1) of the Income Tax Act: ITATÂ
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that Corporate Social Responsibility (CSR) expenses...
![Assesse cannot Claim Cost of Improvement and Indexation Cost unless provides Evidence to Prove Construction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assesse-Improvement-Indexation-Cost-Evidence-Prove-Construction-Construction-ITAT-Income-Tax-taxscan.jpg "Assesse cannot Claim Cost of Improvement and Indexation Cost unless provides Evidence to Prove Construction: ITAT [Read Order]")
Interest Expenditure cannot be considered for making Disallowance u/s 14A of the Act: ITAT confirms Relief of Adani Wilmar Ltd [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has recently held that interest expenditure could not be consider for making disallowance under Section 14A of the Income Tax Act, 1961...
![Interest Expenditure cannot be considered for making Disallowance u/s 14A of the Act: ITAT confirms Relief of Adani Wilmar Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-Expenditure-Disallowance-ITAT-Relief-of-Adani-Wilmer-Ltd-Adani-Wilmer-Ltd-Income-Tax-Act-Income-Tax-taxscan.jpg "Interest Expenditure cannot be considered for making Disallowance u/s 14A of the Act: ITAT confirms Relief of Adani Wilmar Ltd [Read Order]")
Assessing Authority exceeds Jurisdiction for making Assessment in respect of Acquisition of the Property: ITAT Deletes Addition [Read Order]
The Jodhpur bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the Assessing officer exceeded jurisdiction for making assessment in respect of acquisition of the property and...
![Assessing Authority exceeds Jurisdiction for making Assessment in respect of Acquisition of the Property: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessing-Authority-Jurisdiction-Assessment-Acquisition-Property-Acquisition-of-the-Property-ITAT-taxscan.jpeg "Assessing Authority exceeds Jurisdiction for making Assessment in respect of Acquisition of the Property: ITAT Deletes Addition [Read Order]")
Issue Regarding Claim of Depreciation Cannot Decided Until Dispute Regarding Capitalization of Expenses in Assessment Order is decided: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that Issue regarding claim of depreciation could not be decided until dispute regarding capitalization of expenses in...
![Issue Regarding Claim of Depreciation Cannot Decided Until Dispute Regarding Capitalization of Expenses in Assessment Order is decided: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Claim-Depreciation-Decided-Dispute-Regarding-Capitalization-Assessment-Order-ITAT-TAXSCAN.jpg "Issue Regarding Claim of Depreciation Cannot Decided Until Dispute Regarding Capitalization of Expenses in Assessment Order is decided: ITAT [Read Order]")
Mere filing of Affidavit is not sufficient to prove the Capacity and Source of Persons who gave Money to Assessee: ITAT grants Rs.10 lakh Relief [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) while granting Rupees 10 lakh relief to assessee held that merely filing of the affidavit is not sufficient to prove...
![Mere filing of Affidavit is not sufficient to prove the Capacity and Source of Persons who gave Money to Assessee: ITAT grants Rs.10 lakh Relief [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Mere-filing-of-Affidavit-sufficient-Capacity-and-Source-Capacity-Assessee-Money-to-Assessee-Money-ITAT-Relief-Income-Tax-taxscan.jpg "Mere filing of Affidavit is not sufficient to prove the Capacity and Source of Persons who gave Money to Assessee: ITAT grants Rs.10 lakh Relief [Read Order]")
Provisions of S.44 AB of the Act are not applicable if Turnover of Assessee less than Prescribed Limit: ITAT delete Penalty u/S 271B [Read Order]Â
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has recently held that provisions of Section 44 of the Income Tax Act, 1961 are not applicable if turnover of assessee less than...
![Provisions of S.44 AB of the Act are not applicable if Turnover of Assessee less than Prescribed Limit: ITAT delete Penalty u/S 271B [Read Order]Â](https://www.taxscan.in/wp-content/uploads/2023/04/Turnover-of-Assessee-ITAT-Penalty-taxscan.jpg "Provisions of S.44 AB of the Act are not applicable if Turnover of Assessee less than Prescribed Limit: ITAT delete Penalty u/S 271B [Read Order]Â")
![No Tax Shall Be Charged on entire receipts If Income below the Threshold Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Tax-receipts-Income-ITAT-taxscan.jpg "No Tax Shall Be Charged on entire receipts If Income below the Threshold Limit: ITAT [Read Order]")
Addition u/s 68 is Beyond Jurisdiction of Assessing Officer as Turnover already reflected in books of the Assessee: ITAT quashes addition [Read Order]
The Amritsar bench of Income Tax Appellate Tribunal (ITAT), while quashing the addition made by the lower authorities held that addition under section 68 of Income Tax Act, 1961 is beyond...
![Addition u/s 68 is Beyond Jurisdiction of Assessing Officer as Turnover already reflected in books of the Assessee: ITAT quashes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Jurisdiction-Assessing-Officer-Turnover-books-of-the-Assessee-Jurisdiction-of-Assessing-Officer-ITAT-taxscan.jpeg "Addition u/s 68 is Beyond Jurisdiction of Assessing Officer as Turnover already reflected in books of the Assessee: ITAT quashes addition [Read Order]")