Ipsita Das
![Disallowance u/s 14A of Income Tax Act should not Exceed Exempt Income of Assessment Year: ITAT Upholds Deletion of Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disallowance-Income-Tax-Act-Exempt-Income-of-Assessment-Year-Income-of-Assessment-Year-ITAT-Upholds-Deletion-of-Disallowance-taxscan.jpg "Disallowance u/s 14A of Income Tax Act should not Exceed Exempt Income of Assessment Year: ITAT Upholds Deletion of Disallowance [Read Order]")
Disallowance u/s 14A of Income Tax Act should not Exceed Exempt Income of Assessment Year: ITAT Upholds Deletion of Disallowance [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) held that the disallowance should not exceed the exempt income of that year and upheld the...
![Service of Construction of Affordable Residential Apartments attracts 1.5% GST alongwith Deduction of 1/3rd of Total Supply Value: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Service-of-construction-Affordable-Residential-Apartments-Deduction-Supply-Value-AAR-taxscan.jpg "Service of Construction of Affordable Residential Apartments attracts 1.5% GST alongwith Deduction of 1/3rd of Total Supply Value: AAR [Read Order]")
![Delayed Deposit of Employees Contribution to PF/ESIC is sufficient to make Income Tax Addition: ITAT rejects Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Delayed-deposit-of-employees-contribution-employees-contribution-PF-ESIC-income-tax-addition-ITAT-rejects-appeal-appeal.jpg "Delayed Deposit of Employees Contribution to PF/ESIC is sufficient to make Income Tax Addition: ITAT rejects Appeal [Read Order]")
![Claim of Deduction on Sale of Scrap and Stores in Respect of Export Turnover u/s 80HHC: ITAT Allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Claim-Deduction-Sale-Scrap-Stores-Respect-Export-Turnover-ITAT-Allows-Appeal-TAXSCAN.jpg "Claim of Deduction on Sale of Scrap and Stores in Respect of Export Turnover u/s 80HHC: ITAT Allows Appeal [Read Order]")
![ITAT restores matter to consider Source of Cash Deposited with Sale Proceeds of LPG Cylinder during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Restores-Source-Cash-Deposited-Sale-Proceed-LPG-Cylinder-Demonetization-taxscan.jpg "ITAT restores matter to consider Source of Cash Deposited with Sale Proceeds of LPG Cylinder during Demonetization [Read Order]")
Interest subsidy under TUFS treated as capital receipt, for overall growth and generation of employment: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) observed that the purpose of granting subsidy under TUFS (Technology Up-gradation Fund Scheme) by the Ministry of Textiles, Government of India...
![Interest subsidy under TUFS treated as capital receipt, for overall growth and generation of employment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Interest-subsidy-TUFS-capital-receipt-growth-generation-employment-ITAT-TAXSCAN.jpg "Interest subsidy under TUFS treated as capital receipt, for overall growth and generation of employment: ITAT [Read Order]")
Activities of Import of Goods for Re-Export Falls Within Meaning of "Services" under SEZ Act: ITAT Allows Income Tax Deduction u/s 10AA [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that the activities carried out by the assessee falls within the ambit of “services”, the expression used in Section 10AA of the...
![Activities of Import of Goods for Re-Export Falls Within Meaning of Services under SEZ Act: ITAT Allows Income Tax Deduction u/s 10AA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Activities-Import-Goods-Re-Export-Falls-Meaning-Services-SEZ-Act-ITAT-Income-Tax-Deduction-TAXSCAN.jpg "Activities of Import of Goods for Re-Export Falls Within Meaning of Services under SEZ Act: ITAT Allows Income Tax Deduction u/s 10AA [Read Order]")
ITAT Condones Delay Application for Income Tax Exemption to Educational Institution u/s 10(23C)(vi) for Subsequent Year not Being Time Barred [Read Order]
The Income Tax Appellate Tribunal (ITAT) Raipur Bench, condoned delayed application for income tax exemption to educational institution under Section 10(23C)(vi) of the Income Tax Act,1961 for...
![ITAT Condones Delay Application for Income Tax Exemption to Educational Institution u/s 10(23C)(vi) for Subsequent Year not Being Time Barred [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Condones-Delay-Application-Income-Tax-Exemption-Educational-Institution-taxscan.jpg "ITAT Condones Delay Application for Income Tax Exemption to Educational Institution u/s 10(23C)(vi) for Subsequent Year not Being Time Barred [Read Order]")
Capital Gain Exemption Allowable on Construction of Residential House Completed Within 3 Years: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), held that the claim of capital gain exemption under Section 54 of the Income Tax Act, 1961 on construction of residential house completed...
![Capital Gain Exemption Allowable on Construction of Residential House Completed Within 3 Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Capital-gain-Exemption-Allowable-Construction-Residential-house-ITAT-Capital-Gain-Exemption-Allowable-on-Construction-of-Residential-House-Capital-Gain-Exemption-Taxscan.jpg "Capital Gain Exemption Allowable on Construction of Residential House Completed Within 3 Years: ITAT [Read Order]")
Amount given for Admission is not Donation to Charitable Trust: ITAT Confirms Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench, confirmed the income tax addition of 6 Lakhs given for the admission in college is not donation to charitable trust and thus is taxable. The...
![Amount given for Admission is not Donation to Charitable Trust: ITAT Confirms Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Amount-given-for-Admission-is-not-Donation-to-Charitable-Trust-ITAT-Confirms-Income-Tax-Addition-TAXSCAN.jpg "Amount given for Admission is not Donation to Charitable Trust: ITAT Confirms Income Tax Addition [Read Order]")
Discharge of Onus u/s 68 of Income Tax Act by Furnishing Identity and Creditworthiness of Parties: ITAT Deletes Income Tax Addition [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT), held that the assessee has discharged the onus cast under Section 68 of the Income Tax Act, 1961 by Furnishing Identity and...
![Discharge of Onus u/s 68 of Income Tax Act by Furnishing Identity and Creditworthiness of Parties: ITAT Deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Discharge-of-Onus-Income-Tax-Act-Income-Tax-Furnishing-Identity-and-Creditworthiness-of-Parties-Furnishing-Identity-Creditworthiness-ITAT-Income-Tax-Addition-taxscan.jpg "Discharge of Onus u/s 68 of Income Tax Act by Furnishing Identity and Creditworthiness of Parties: ITAT Deletes Income Tax Addition [Read Order]")
Lack of Jurisdictional Competency of TPO in Making Upward Adjustment in TP: ITAT Deletes Income Tax Addition [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that the addition made by the Assessing Officer (AO) Transfer pricing Officer (TPO) on account Transfer Pricing (TP) adjustment is...
![Lack of Jurisdictional Competency of TPO in Making Upward Adjustment in TP: ITAT Deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Lack-of-Jurisdictional-Competency-Jurisdictional-Competency-TPO-Upward-Adjustment-TP-ITAT-Income-Tax-Addition-Income-Tax-ITAT-Deletes-Income-Tax-Addition-Taxscan.jpg "Lack of Jurisdictional Competency of TPO in Making Upward Adjustment in TP: ITAT Deletes Income Tax Addition [Read Order]")