Ipsita Das
![Disallowance of Liability Towards Expenditure on Discontinuance of Seven Clinics of Kaya Skin: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disallowance-of-Liability-Expenditure-Seven-Clinics-of-Kaya-Skin-ITAT-taxscan.jpg "Disallowance of Liability Towards Expenditure on Discontinuance of Seven Clinics of Kaya Skin: ITAT [Read Order]")
Disallowance of Liability Towards Expenditure on Discontinuance of Seven Clinics of 'Kaya Skin': ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT), disallowed the claim of liability towards expenditure on discontinuance of seven clinics...
![Deduction on Interest Income Earned from Co-Operative Bank u/s 80P(2)(d) allowed: ITAT sets aside order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Deduction-Interest-Income-Co-operative-Bank-ITAT-income-tax-taxscan.jpg "Deduction on Interest Income Earned from Co-Operative Bank u/s 80P(2)(d) allowed: ITAT sets aside order of CIT(A) [Read Order]")
![Application for Permanent Registration Cannot be Rejected for Selecting Wrong Form while Filling Application: ITAT Restores Matter to CIT (E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Application-Permanent-Registration-Rejected-Selecting-Wrong-Filling-Application-ITAT-Restores-CIT-E-TAXSCAN.jpg "Application for Permanent Registration Cannot be Rejected for Selecting Wrong Form while Filling Application: ITAT Restores Matter to CIT (E) [Read Order]")
![Re-adjudication of Income Tax Addition as Unexplained Money: ITAT Restores Delayed Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Re-adjudication-of-Income-Tax-Addition-as-Unexplained-Money-ITAT-Restores-Delayed-Application-TAXSCAN-1.jpg "Re-adjudication of Income Tax Addition as Unexplained Money: ITAT Restores Delayed Application [Read Order]")
Relief to Wipro: ITAT Quashes Order of AO Disallowing Interest Expenditure and Orders Re-computation of Deduction u/s 10AA of Income Tax Act [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to delete the disallowance under Section 115BBD of the Income Tax Act, 1961 and to recompute the...
![Relief to Wipro: ITAT Quashes Order of AO Disallowing Interest Expenditure and Orders Re-computation of Deduction u/s 10AA of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Relief-Wipro-ITAT-AO-Disallowing-Interest-Expenditure-Orders-Re-computation-Deduction-Income-Tax-Act-TAXSCAN.jpg "Relief to Wipro: ITAT Quashes Order of AO Disallowing Interest Expenditure and Orders Re-computation of Deduction u/s 10AA of Income Tax Act [Read Order]")
Incriminating Books of Account is Not Necessary to Initiate Search Proceeding u/s 153C of Income Tax Act: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that for initiating proceeding under Section 153C of the Income Tax Act, 1961, it is not necessary that these books of account should...
![Incriminating Books of Account is Not Necessary to Initiate Search Proceeding u/s 153C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Incriminating-Books-of-account-Initiate-Search-Proceeding-Income-Tax-Act-ITAT-taxscan.jpg "Incriminating Books of Account is Not Necessary to Initiate Search Proceeding u/s 153C of Income Tax Act: ITAT [Read Order]")
Re-calculation of Refund Receivable to Claim Interest on Refunds: ITAT Condones Delay of 98 Days [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) restored the matter to the file of the Assessing Officer (AO) for proper verification and calculation of refund receivables to grant...
![Re-calculation of Refund Receivable to Claim Interest on Refunds: ITAT Condones Delay of 98 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Re-calculation-of-Refund-Receivable-to-Claim-Interest-on-Refunds-ITAT-Condones-Delay-TAXSCAN.jpg "Re-calculation of Refund Receivable to Claim Interest on Refunds: ITAT Condones Delay of 98 Days [Read Order]")
Benefits of Exemption of Income Tax to Charitable Organization cannot be Deprived due to Technical Lapses: ITAT Condones Delay of 1098 Days [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that a charitable organization should not be deprived of the benefit of exemption available to it under Section 11 of the Income Tax...
![Benefits of Exemption of Income Tax to Charitable Organization cannot be Deprived due to Technical Lapses: ITAT Condones Delay of 1098 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Benefits-Exemption-Income-Tax-Charitable-Organization-Deprived-due-Technical-Lapses-ITAT-Condones-Delay-TAXSCAN.jpg "Benefits of Exemption of Income Tax to Charitable Organization cannot be Deprived due to Technical Lapses: ITAT Condones Delay of 1098 Days [Read Order]")
Relief to Reuters India: ITAT Quashes AO Disallowance Orders u/s 10A, 40(a)(ia), 2(24)(x), Allows TDS Credit [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) allowed the appeal of the assessee and delete the disallowance made under Sections 10A, 40(a)(ia) and 2(24)(x) of the Income Tax Act,1961, and...
![Relief to Reuters India: ITAT Quashes AO Disallowance Orders u/s 10A, 40(a)(ia), 2(24)(x), Allows TDS Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Relief-to-Reuters-India-Reuters-India-ITAT-Quashes-AO-Disallowance-Orders-Orders-ITAT-AO-TDS-Credit-TDS-Taxscan.jpg "Relief to Reuters India: ITAT Quashes AO Disallowance Orders u/s 10A, 40(a)(ia), 2(24)(x), Allows TDS Credit [Read Order]")
No Disallowance of Deduction u/s 14A of Income Tax Act can be made if No Exempt Income is Earned by Assessee: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) held that no disallowance under Section 14A of the Income Tax Act, 1961 can be made if the assessee had not earned any exempt income during...
![No Disallowance of Deduction u/s 14A of Income Tax Act can be made if No Exempt Income is Earned by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Disallowance-of-Deduction-Disallowance-Deduction-Income-Tax-Act-can-be-made-if-No-Exempt-Income-is-Earned-by-Assessee-Income-Tax-Act-No-Exempt-Income-is-Earned-by-Assessee-ITAT-Taxscan.jpg "No Disallowance of Deduction u/s 14A of Income Tax Act can be made if No Exempt Income is Earned by Assessee: ITAT [Read Order]")
Waiver of Principal Amount for Trading Purpose is Income of Assessee: ITAT Imposes Income Tax on Principal Amount [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) held that the waiver of the principal amount of Rs.14,89,99,689 which was taken for trading purposes and credited to the profit & loss...
![Waiver of Principal Amount for Trading Purpose is Income of Assessee: ITAT Imposes Income Tax on Principal Amount [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Waiver-of-Principal-Amount-for-Trading-Purpose-is-Income-of-Assessee-ITAT-Imposes-Income-Tax-on-Principal-Amount-ITAT-Income-Tax-on-Principal-Amount-Income-Tax-Income-of-Assessee-Taxscan.jpg "Waiver of Principal Amount for Trading Purpose is Income of Assessee: ITAT Imposes Income Tax on Principal Amount [Read Order]")