Kalyani B. Nair
Kalyani is graduated from Government Law College Thiruvananthapuram on BA, LLB and is currently pursuing LLM in Criminal Law, Criminology and Penology. She always believes that Fear kills more dreams, than failure ever will. Her area of interest are Criminal law and Constitutional Law. She is also into baking, reading and gardening.
![No Due Verification of Records by AO: ITAT allows deletion of Addition on Unexplained Cash Deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-due-verification-of-records-by-AO-ITAT-allows-deletion-of-addition-on-unexplained-cash-deposits-TAXSCAN.jpg "No Due Verification of Records by AO: ITAT allows deletion of Addition on Unexplained Cash Deposits [Read Order]")
No Due Verification of Records by AO: ITAT allows deletion of Addition on Unexplained Cash Deposits [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT), allowed deletion of addition on unexplained cash deposits as there was no due...
![Relief to Singtel Global India: CESTAT dismisses service tax appeals holding SGIPL is not intermediary [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Singtel-Global-India-service-tax-appeals-CESTAT-service-tax-SGIPL-taxscan.jpg "Relief to Singtel Global India: CESTAT dismisses service tax appeals holding SGIPL is not intermediary [Read Order]")
![Freight charges not includable in assessable value of liquid CO2 being separately charged in invoices and sale was at time of clearance from the factory: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Freight-charges-assessable-value-liquid-CO2-invoices-CO2-sale-CESTAT-Taxscan.jpg "Freight charges not includable in assessable value of liquid CO2 being separately charged in invoices and sale was at time of clearance from the factory: CESTAT [Read Order]")
![Reasons for Reopening Assessment should be Examined on Standalone Basis: ITAT quashes Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Income-Tax-reopening-assessment-standalone-reassessment-assessment-taxscan.jpg "Reasons for Reopening Assessment should be Examined on Standalone Basis: ITAT quashes Reassessment [Read Order]")
![Subsidy/Incentive received are Capital Receipts, should be excluded from Book Profit u/s 115JB: ITAT grants relief to Birla Corporation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Subsidy-Incentive-Capital-Receipts-Book-Profit-ITAT-Birla-Corporation-taxscan.jpg "Subsidy/Incentive received are Capital Receipts, should be excluded from Book Profit u/s 115JB: ITAT grants relief to Birla Corporation [Read Order]")
Additional Income offered as part of Business Income, entitled to Income Tax Deduction u/s 40(b)(v): ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore Bench held that Additional income offered as part of business income, entitled to deduction under Section 40(b)(v) of the Income Tax Act, 1961. ...
![Additional Income offered as part of Business Income, entitled to Income Tax Deduction u/s 40(b)(v): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Additional-Income-Business-Income-Income-Tax-Deduction-Income-Tax-Deduction-Tax-ITAT-taxscan.jpg "Additional Income offered as part of Business Income, entitled to Income Tax Deduction u/s 40(b)(v): ITAT [Read Order]")
LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) confirmed addition on the ground that Long Term Capital Gain (LTCG) for sale of equity shares as bogus, not eligible to exemption under...
![LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/LTCG-for-Sale-of-Equity-Shares-as-Bogus-Income-Tax-Act-ITAT-confirms-Income-Tax-Addition-TAXSCAN.jpg "LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]")
Relief to Birla Corporation: ITAT allows Income Tax Deduction u/s 80IA for Thermal Power Plants [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), allowed deduction under Section 80IAof the Income Tax Act, 1961 for thermal power plants thereby granting relief to Birla Corporation. ...
![Relief to Birla Corporation: ITAT allows Income Tax Deduction u/s 80IA for Thermal Power Plants [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Birla-Corporation-ITAT-Income-Tax-Deduction-Thermal-Power-Plants-taxscan.jpg "Relief to Birla Corporation: ITAT allows Income Tax Deduction u/s 80IA for Thermal Power Plants [Read Order]")
![Insurance Premium for paid for Keyman Insurance Policy of LIC, allowable as Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Insurance-Premium-Keyman-Insurance-Policy-LIC-Keyman-Insurance-Policy-of-LIC-Expenses-ITAT-Income-Tax-taxscan.jpg "Insurance Premium for paid for Keyman Insurance Policy of LIC, allowable as Expenses: ITAT [Read Order]")
Claim of Interest Subsidy from State Govt is Capital Receipt: ITAT grants relief to Birla Corporation [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench granted relief to Birla Corporation Limited and held that Claim of interest subsidy from State Government is capital receipt. The...
![Claim of Interest Subsidy from State Govt is Capital Receipt: ITAT grants relief to Birla Corporation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-Subsidy-Interest-Subsidy-from-State-Govt-Capital-Receipt-ITAT-Birla-Corporation-taxscan.jpg "Claim of Interest Subsidy from State Govt is Capital Receipt: ITAT grants relief to Birla Corporation [Read Order]")
![Relief to Ambuja Cement: ITAT deletes ALP adjustment of 18 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Relief-to-Ambuja-Cement-ITAT-deletes-ALP-adjustment-TAXSCAN.jpg "Relief to Ambuja Cement: ITAT deletes ALP adjustment of 18 lakhs [Read Order]")
Income from Design Charges are business income to compute deduction u/s 10A of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), held that Income from Design Charges are business income to compute deduction under Section 10A of the Income Tax Act, 1961. The...
![Income from Design Charges are business income to compute deduction u/s 10A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Design-Charges-business-income-business-income-deduction-Income-Tax-Act-Income-Tax-Tax-ITAT-taxscan.jpg "Income from Design Charges are business income to compute deduction u/s 10A of Income Tax Act: ITAT [Read Order]")