Fathima Karama A.M
![AO cannot Decide what is Good for Promoting Business: ITAT upholds Deletion of Disallowance of Sponsorship Expenses u/s 37 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/AO-Business-AO-cannot-Decide-what-is-Good-for-Promoting-Business-ITAT-Deletion-Disallowance-Income-Tax-Act-income-tax-taxsscan.jpg "AO cannot Decide what is Good for Promoting Business: ITAT upholds Deletion of Disallowance of Sponsorship Expenses u/s 37 of Income Tax Act [Read Order]")
AO cannot Decide what is Good for Promoting Business: ITAT upholds Deletion of Disallowance of Sponsorship Expenses u/s 37 of Income Tax Act [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of disallowance of sponsorship expenses under Section 37 of the...
![ITAT upholds Deletion of Addition towards Disallowance of Interest on Borrowed Capital u/s.36(1)(iii) out of Commercial Expediency [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Deletion-Addition-Disallowance-Interest-ITAT-upholds-Deletion-of-Addition-towards-Disallowance-of-Interest-Capital.jpg "ITAT upholds Deletion of Addition towards Disallowance of Interest on Borrowed Capital u/s.36(1)(iii) out of Commercial Expediency [Read Order]")
![No Violation of Proviso to Provision of Section 2(15) of Income Tax Act: ITAT Set Aside Revision Order on Exemption u/s 11[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/No-Violation-of-Proviso-to-Provision-Income-Tax-Act-ITAT-Aside-Revision-Order-on-Exemption-TAXSCAN.jpg "No Violation of Proviso to Provision of Section 2(15) of Income Tax Act: ITAT Set Aside Revision Order on Exemption u/s 11[Read Order]")
![ITAT disallows Indexed cost of Acquisition and improvement on Failure to produce Conveyance Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-cost-of-Acquisition-cost-of-Acquisition-and-improvement-on-Failure-taxscan.jpg "ITAT disallows Indexed cost of Acquisition and improvement on Failure to produce Conveyance Deed [Read Order]")
![Assessment Order passed u/s 144C(3) r.w.s. 144C(4) of Income Tax Act beyond 1 Month on Failure to file Objection within Period as per Section 144C is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Assessment-Order-Income-Tax-Act-Failure-to-file-Objection-ITAT-taxscan.jpg "Assessment Order passed u/s 144C(3) r.w.s. 144C(4) of Income Tax Act beyond 1 Month on Failure to file Objection within Period as per Section 144C is Invalid: ITAT [Read Order]")
Sale and Purchase Transaction in Own account does not Meet Facilitation as Commission Agent: ITAT upholds Determination of Income u/s 44D of Income Tax Act [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) upheld the determination of income under Section 44D of the Income Tax Act 1961 holding that the sale and purchase transaction in its own...
![Sale and Purchase Transaction in Own account does not Meet Facilitation as Commission Agent: ITAT upholds Determination of Income u/s 44D of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Determination-of-Income-ITAT-upholds-Income-Tax-Act-Income-Tax-ITAT-ITAT-News-Tax-News-Sale-and-Purchase-TAXSCAN.jpg "Sale and Purchase Transaction in Own account does not Meet Facilitation as Commission Agent: ITAT upholds Determination of Income u/s 44D of Income Tax Act [Read Order]")
Relief to Amazon Textiles: ITAT allows Suo motto Disallowance as Disallowance should not Exceed Exempt Income [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to Amazon Textiles allowing suo motto disallowance as disallowance should not exceed the exempt income. The assessee,...
![Relief to Amazon Textiles: ITAT allows Suo motto Disallowance as Disallowance should not Exceed Exempt Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Relief-to-Amazon-Textiles-ITAT-Suo-motto-Disallowance-Disallowance-Exempt-Income-taxscan.jpg "Relief to Amazon Textiles: ITAT allows Suo motto Disallowance as Disallowance should not Exceed Exempt Income [Read Order]")
Creditworthiness can be Ascertained only from Availability of Funds and not from Period of Existence and Revenue Earning: Delhi HC upholds Deletion of Addition u/s 68 [Read Order]
The Delhi Bench of High court has upheld the deletion of addition under Section 68 of Income Tax ACT 1961 holding that creditworthiness could be ascertained only from availability of funds and not...
![Creditworthiness can be Ascertained only from Availability of Funds and not from Period of Existence and Revenue Earning: Delhi HC upholds Deletion of Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Creditworthiness-Ascertained-only-from-Availability-of-Funds-Period-of-Existence-and-Revenue-Earning-Delhi-HC-upholds-Deletion-of-Addition-TAXSCAN.jpg "Creditworthiness can be Ascertained only from Availability of Funds and not from Period of Existence and Revenue Earning: Delhi HC upholds Deletion of Addition u/s 68 [Read Order]")
Partial relief of Disallowance u/s 40 40A(3) on Bogus Purchase without seeking Remand Report: ITAT upholds Partial relief as no Additional Evidence is taken [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the partial relief as no additional evidence was taken while dealing with partial relief of disallowance under Section 40A(3) of...
![Partial relief of Disallowance u/s 40 40A(3) on Bogus Purchase without seeking Remand Report: ITAT upholds Partial relief as no Additional Evidence is taken [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Partial-relief-of-Disallowance-Partial-relief-Disallowance-Bogus-Purchase-ITAT-upholds-Partial-relief-no-Additional-Evidence-is-taken-Additional-Evidence-TAXSCAN.jpg "Partial relief of Disallowance u/s 40 40A(3) on Bogus Purchase without seeking Remand Report: ITAT upholds Partial relief as no Additional Evidence is taken [Read Order]")
Time taken for legal Remedy against Special Audit shall be excluded from Prescribed Time Limit: ITAT deletes Penalty u/s 27I(1)(b) of Income Tax Act [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 27I(1)(b) of Income Tax Act holding that ties taken for legal remedy against the special audit shall...
![Time taken for legal Remedy against Special Audit shall be excluded from Prescribed Time Limit: ITAT deletes Penalty u/s 27I(1)(b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/legal-Remedy-Special-Audit-Prescribed-Time-Limit-ITAT-Penalty-Income-Tax-Act-taxscan.jpg "Time taken for legal Remedy against Special Audit shall be excluded from Prescribed Time Limit: ITAT deletes Penalty u/s 27I(1)(b) of Income Tax Act [Read Order]")
ITAT deletes TDS demand against Resident Transporter of goods as Payment was less than Threshold Limit [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the Tax Deducted at Source (TDS) demand against resident transporter of goods as payment was less than the threshold limit. ...
![ITAT deletes TDS demand against Resident Transporter of goods as Payment was less than Threshold Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-TDS-Resident-Transporter-Payment-Threshold-Limit-TAXSCAN.jpg "ITAT deletes TDS demand against Resident Transporter of goods as Payment was less than Threshold Limit [Read Order]")
Denial of Exemption to Non-Resident on Failure to Produce Tax Residency Certificate Despite Best Efforts at Assessment / Appellate stage: ITAT directs Re-Adjudication [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication as the exemption was denied to non-resident on his failure to produce tax residency certificate despite his...
![Denial of Exemption to Non-Resident on Failure to Produce Tax Residency Certificate Despite Best Efforts at Assessment / Appellate stage: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Denial-of-Exemption-to-Non-Resident-Tax-Residency-Certificate-Despite-Assessment-Appellate-ITAT-directs-Re-Adjudication-taxscan.jpg "Denial of Exemption to Non-Resident on Failure to Produce Tax Residency Certificate Despite Best Efforts at Assessment / Appellate stage: ITAT directs Re-Adjudication [Read Order]")