Gayathri C.H
![Interest Income from FD is Eligible for Deduction u/s 10AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-from-FD-is-Eligible-for-Deduction-Interest-Income-from-FD-Interest-Income-Interest-Income-FD-Deduction-ITAT-Taxscan.jpg "Interest Income from FD is Eligible for Deduction u/s 10AA: ITAT [Read Order]")
Interest Income from FD is Eligible for Deduction u/s 10AA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently in an appeal filed before it, held that interest income from FD is eligible for...
![No Penalty can be Imposed u/s 271(1) when Income Surrendered by Assessee During Survey is Shown in a Regular Income Tax Return Filed within the Prescribed Time: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Penalty-can-be-Imposed-Penalty-Income-Surrendered-by-Assessee-During-Survey-Income-Assessee-Survey-Regular-Income-Tax-Return-Income-Tax-Return-ITAT-Taxscan.jpg "No Penalty can be Imposed u/s 271(1) when Income Surrendered by Assessee During Survey is Shown in a Regular Income Tax Return Filed within the Prescribed Time: ITAT [Read Order]")
![Penalty u/s 271(1)(c) not Leviable When no Inaccurate Particulars of Income are Furnished by the Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Inaccurate-Particulars-of-Income-Inaccurate-Particulars-of-Income-are-Furnished-by-the-Assessee-Income-ITAT-taxscan.jpg "Penalty u/s 271(1)(c) not Leviable When no Inaccurate Particulars of Income are Furnished by the Assessee: ITAT [Read Order]")
![Unverified and Excessive Operating Expenses not Allowable u/s 37 of Income Tax Act: ITAT Reduces Disallowance from 10% to 2% [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Unverified-Excessive-Operating-Expenses-Operating-Expenses-Income-Tax-Act-ITAT-Disallowance-ITAT-Reduces-Disallowance-Income-Tax-taxscan.jpg "Unverified and Excessive Operating Expenses not Allowable u/s 37 of Income Tax Act: ITAT Reduces Disallowance from 10% to 2% [Read Order]")
Dept. Fails to Submit Contradictory view to CIT(A)'s Decision: ITAT allows Depreciation Expenses on Crates [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, on failure of the department to submit a contradict view to the CIT(A)’s decision, confirmed the...
![Dept. Fails to Submit Contradictory view to CIT(A)s Decision: ITAT allows Depreciation Expenses on Crates [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-allows-Depreciation-Expenses-on-Crates-ITAT-Depreciation-Expenses-CITAs-Decision-Contradictory-view-to-CITAs-Decision-Taxscan-2.jpg "Dept. Fails to Submit Contradictory view to CIT(A)s Decision: ITAT allows Depreciation Expenses on Crates [Read Order]")
Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has recently, in an appeal filed before it, held that matters pending before the CIT(A) for adjudication cannot be disputed in the proceedings...
![Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Matters-Pending-Before-CITA-for-Adjudication-cannot-be-Disputed-in-Proceedings-CITA-Adjudication-Disputed-in-Proceedings-ITAT-Taxscan.jpg "Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]")
Lack of Jurisdiction u/s 153C owing to Absence of Incriminating Materials: ITAT dismisses Revenue's Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, dismissed the revenue’s appeal, on finding that there is lack of jurisdiction under Section 153C of...
![Lack of Jurisdiction u/s 153C owing to Absence of Incriminating Materials: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Lack-of-Jurisdiction-Absence-of-Incriminating-Materials-Jurisdiction-Incriminating-Materials-ITAT-Revenues-Appeal-taxscan.jpg "Lack of Jurisdiction u/s 153C owing to Absence of Incriminating Materials: ITAT dismisses Revenues Appeal [Read Order]")
AO cannot change DCF Method for Determining FMV of Unquoted Shares under Rule 11UA of IT Rules: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the DCF method for determining FMV of unquoted shares could not be changed by the assessing officer under Rule...
![AO cannot change DCF Method for Determining FMV of Unquoted Shares under Rule 11UA of IT Rules: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/AO-cannot-change-DCF-Method-for-Determining-FMV-of-Unquoted-Shares-AO-cannot-change-DCF-Method-AO-DCF-Method-Shares-IT-Rules-ITAT-Taxscan.jpg "AO cannot change DCF Method for Determining FMV of Unquoted Shares under Rule 11UA of IT Rules: ITAT [Read Order]")
Educational Institution is Eligible for Exemption u/s 10(23C) (iiiab) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, held that educational institution is eligible for exemption under Section 10(23C)(iiiab) of the...
![Educational Institution is Eligible for Exemption u/s 10(23C) (iiiab) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Educational-Institution-is-Eligible-for-Exemption-Educational-Institution-Eligible-for-Exemption-Exemption-Income-Tax-Act-ITAT-Taxscan.jpg "Educational Institution is Eligible for Exemption u/s 10(23C) (iiiab) of Income Tax Act: ITAT [Read Order]")
Additional Income Disclosed Originated Out of Seized Material:Â ITAT Upholds Penalty Levied u/s 271(1)(c) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, on finding the additional income disclosed and returned in ITR filed under Section 153A, to be...
![Additional Income Disclosed Originated Out of Seized Material:Â ITAT Upholds Penalty Levied u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Additional-Income-Additional-Income-Disclosed-Originated-Out-of-Seized-Material-Seized-Material-ITAT-Penalty-ITAT-Upholds-Penalty-Taxscan.jpg "Additional Income Disclosed Originated Out of Seized Material:Â ITAT Upholds Penalty Levied u/s 271(1)(c) [Read Order]")
![Deduction u/s 80P(2)(d) available to Income of Co-operative Society: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Deduction-us-80P2d-available-to-Income-of-Co-operative-Society-ITAT-TAXSCAN.jpg "Deduction u/s 80P(2)(d) available to Income of Co-operative Society: ITAT [Read Order]")