Saagarika Gopinath
Final year BBA LLB( Hons) law student at Government Law College
![Interest u/s 234C to be calculated on Returned Income: ITAT in Goldman Sachs case [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Goldman-Sachs.jpeg "Interest u/s 234C to be calculated on Returned Income: ITAT in Goldman Sachs case [Read Order]")
Interest u/s 234C to be calculated on Returned Income: ITAT in Goldman Sachs case [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that interest under Section 234C of the Income Tax Act, 1961,...
![ESOP expenses should not be regarded contingent or notional: ITAT allows Goldman Sachs to claim deduction u/s 37(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-ESOP-expense-Section-371-of-Income-Tax-Act-taxscan.jpg "ESOP expenses should not be regarded contingent or notional: ITAT allows Goldman Sachs to claim deduction u/s 37(1) [Read Order]")
![ITAT allows Goldman Sachs to claim deduction for leave encashment paid before due date of ITR filing u/s 43B(f) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-ITR-ITR-filing-TAXSCAN-2.jpg "ITAT allows Goldman Sachs to claim deduction for leave encashment paid before due date of ITR filing u/s 43B(f) [Read Order]")
![Additions u/s 68 & 69A made without Examining Books of Accounts: ITAT remands case for Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Sections-68-Income-Tax-Act-Examining-Books-of-Accounts-Books-of-Accounts-taxscan.jpg "Additions u/s 68 & 69A made without Examining Books of Accounts: ITAT remands case for Reassessment [Read Order]")
![ITAT sets aside Rs. 1.55 Crore Unexplained Investment Addition, Orders Fresh Assessment due to denial of Fair Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/TAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Unexplained-Investment-Addition-case-taxscan.jpg "ITAT sets aside Rs. 1.55 Crore Unexplained Investment Addition, Orders Fresh Assessment due to denial of Fair Hearing [Read Order]")
Verification Failures in Disputed Purchases and Labour Expenses: ITAT upholds 12.5% Addition on Alleged Bogus Purchases [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the 12.5% addition on alleged bogus purchases due to verification failures in disputed purchases and labour...
![Verification Failures in Disputed Purchases and Labour Expenses: ITAT upholds 12.5% Addition on Alleged Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Disputed-purchases-Labour-Expenses-Alleqed-Boqus-Purchases-taxscan.jpg "Verification Failures in Disputed Purchases and Labour Expenses: ITAT upholds 12.5% Addition on Alleged Bogus Purchases [Read Order]")
Contractor Ineligible for Deduction u/s 80IA(4) for Management of Solid Waste Management Systems: ITAT upholds CIT(A) Order [Read Order]
In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the order passed by the Commissioner of Income Tax ( Appeals ) [CIT(A)], that a contractor engaged in solid...
![Contractor Ineligible for Deduction u/s 80IA(4) for Management of Solid Waste Management Systems: ITAT upholds CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Chennai-solid-waste-management-TAXSCAN.jpg "Contractor Ineligible for Deduction u/s 80IA(4) for Management of Solid Waste Management Systems: ITAT upholds CIT(A) Order [Read Order]")
Profits from Sale of Jaggery is Taxable, Not considered as Agricultural Income: Madras HC [Read Order]
In a recent ruling, the High Court of Madras held that profits from the sale of jaggery are taxable and that sugarcane and jaggery are different commodities and rejected the agricultural claim made...
![Profits from Sale of Jaggery is Taxable, Not considered as Agricultural Income: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Madras-High-Court-Agricultural-Income-Sale-of-Jaggery-Is-Taxable-Taxscan.jpg "Profits from Sale of Jaggery is Taxable, Not considered as Agricultural Income: Madras HC [Read Order]")
ITAT sets aside additions on Penny Stock gains, directs deletion of Related Expenses due to Lack of Evidence [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the additions made on penny stock gains and related expenses due to lack of evidence on the part of the...
![ITAT sets aside additions on Penny Stock gains, directs deletion of Related Expenses due to Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-Penny-Stock-Expenses-Due-to-Lack-of-Evidence-Penny-Stock-gains-taxscan.jpg "ITAT sets aside additions on Penny Stock gains, directs deletion of Related Expenses due to Lack of Evidence [Read Order]")
Rs. 27.04 Cr. Share Application Money Addition u/s 68: ITAT Directs Re-Examination of Financial Statements of Investors [Read Order]
In a recent ruling, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) directed the re-examination of the financial statements of investors regarding the Rs. 27.04 crore share application...
![Rs. 27.04 Cr. Share Application Money Addition u/s 68: ITAT Directs Re-Examination of Financial Statements of Investors [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Share-Application-ITAT-Share-Application-Money-ITAT-Directs-Re-Examination-Financial-Statements-Financial-Statements-of-Investors-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Taxscan.jpg "Rs. 27.04 Cr. Share Application Money Addition u/s 68: ITAT Directs Re-Examination of Financial Statements of Investors [Read Order]")
