Sunayana Dhal
![Section 13(2)(a) doesnt Authorize Revenue to Compute Notional Interest when No such Interest is charged by Trust: ITAT grants relief to Laxminarayan Mandir Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Compute-Notional-Interest-Interest-is-charged-by-Trust-ITAT-Notional-Interest-Interest-Laxminarayan-Mandir-Trust-taxscan.jpg "Section 13(2)(a) doesnt Authorize Revenue to Compute Notional Interest when No such Interest is charged by Trust: ITAT grants relief to Laxminarayan Mandir Trust [Read Order]")
Section 13(2)(a) doesn't Authorize Revenue to Compute Notional Interest when No such Interest is charged by Trust: ITAT grants relief to Laxminarayan Mandir Trust [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) while granting relief to Laxmi Narayan mandir trust held that Section 13(2)(a) of the...
![Corpus Donation received by Non-Registered Charitable Trust shall be termed as Capital in Nature and shall not be Taxable u/s 115BBC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Corpus-Donation-received-by-Non-Registered-Charitable-Trust-Corpus-Donation-ITAT-Non-Registered-Charitable-Trust-Non-Registered-Charitable-Trust-taxscan.jpg "Corpus Donation received by Non-Registered Charitable Trust shall be termed as Capital in Nature and shall not be Taxable u/s 115BBC: ITAT [Read Order]")
![Disallowance of Interest u/s 36(1)(iii) Not attributable to Borrowed Amount utilized for Purchase of Immovable Property: ITAT restored issue to file of AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Interest-attributable-Borrowed-Amount-utilized-Purchase-Immovable-Property-ITAT-AO-TAXSCAN.jpg "Disallowance of Interest u/s 36(1)(iii) Not attributable to Borrowed Amount utilized for Purchase of Immovable Property: ITAT restored issue to file of AO [Read Order]")
TDS u/s 194C Not applicable on Purchase of Packing Materials for which VAT is Already Paid: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the tax deducted at source (TDS) under Section 194C of the Income Tax Act, 1961 is not applicable on the purchase of the packing...
![TDS u/s 194C Not applicable on Purchase of Packing Materials for which VAT is Already Paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/TDS-Not-applicable-Purchase-Packing-Materials-VAT-Already-Paid-ITAT-TAXSCAN.jpg "TDS u/s 194C Not applicable on Purchase of Packing Materials for which VAT is Already Paid: ITAT [Read Order]")
Consideration paid by Assessee outside India for Candidate's Report don't fall within purview of Royalty under Article 13 of India-UK DTAA: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the consideration paid by the assessee outside India for the candidate’s report does not fall within the purview of royalty under...
![Consideration paid by Assessee outside India for Candidates Report dont fall within purview of Royalty under Article 13 of India-UK DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Consideration-paid-by-Assessee-outside-India-for-Candidates-Report-purview-of-Royalty-India-UK-DTAA-ITAT-TAXSCAN.jpg "Consideration paid by Assessee outside India for Candidates Report dont fall within purview of Royalty under Article 13 of India-UK DTAA: ITAT [Read Order]")
Incorrect Accounting and Wrong Grouping of Headings can't be termed as a Bogus Investment: ITAT grants relief to Assessee [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) while granting relief to the assessee held that the incorrect accounting and wrong grouping of headings cannot be termed as a bogus...
![Incorrect Accounting and Wrong Grouping of Headings cant be termed as a Bogus Investment: ITAT grants relief to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Incorrect-Accounting-Wrong-Grouping-of-Headings-Bogus-Investment-ITAT-grants-relief-to-Assessee-taxscan-1.jpg "Incorrect Accounting and Wrong Grouping of Headings cant be termed as a Bogus Investment: ITAT grants relief to Assessee [Read Order]")
Assessee could not Recall Details of Income within Specified time due to Old Age: ITAT Quashes Addition u/s 115BBE [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) quashed the addition under Section 115BBE of the Income Tax Act, 1961 which states the procedure for determination of tax for...
![Assessee could not Recall Details of Income within Specified time due to Old Age: ITAT Quashes Addition u/s 115BBE [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessee-Recall-Assessee-could-not-Recall-Details-of-Income-Income-Old-Age-ITAT-taxscan-1.jpg "Assessee could not Recall Details of Income within Specified time due to Old Age: ITAT Quashes Addition u/s 115BBE [Read Order]")
Municipal Tax allowable as expenditure u/s 24 of Income Tax Act when Assessee paid proportionate Tax to Society: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the municipal tax shall be allowable as expenditure under Section 24 of the Income Tax Act, 1961 when the assessee paid the...
![Municipal Tax allowable as expenditure u/s 24 of Income Tax Act when Assessee paid proportionate Tax to Society: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Municipal-Tax-allowable-expenditure-Income-Tax-Act-Assessee-paid-proportionate-Tax-Society-ITAT-TAXSCAN.jpg "Municipal Tax allowable as expenditure u/s 24 of Income Tax Act when Assessee paid proportionate Tax to Society: ITAT [Read Order]")
Deduction towards Remuneration of Partners, Not covered within Scope of "Limited Scrutiny": ITAT Quashes Revision Order [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) quashed the revision order on the ground of deduction made towards the remuneration of partners which was not covered within the scope of...
![Deduction towards Remuneration of Partners, Not covered within Scope of Limited Scrutiny: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Deduction-towards-Remuneration-of-Partners-Not-covered-within-Scope-of-Limited-Scrutiny-ITAT-Quashes-Revision-Order-TAXSCAN.jpg "Deduction towards Remuneration of Partners, Not covered within Scope of Limited Scrutiny: ITAT Quashes Revision Order [Read Order]")
