Sunayana Dhal
![Addition u/s 69A of Income Tax Act when Specific Notes form a part of Gross Sale: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Act-Specific-Notes-Gross-Sale-ITAT-TAXSCAN.jpg "Addition u/s 69A of Income Tax Act when Specific Notes form a part of Gross Sale: ITAT [Read Order]")
Addition u/s 69A of Income Tax Act when Specific Notes form a part of Gross Sale: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) held that addition under Section 69A of the Income Tax Act, 1961 when the specific...
![Corpus Specific Voluntary Contribution is a Capital Receipt and cant be offered to Tax in case of Trust not Registered u/s 12A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Capital-Receipt-ITAT-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Corpus Specific Voluntary Contribution is a Capital Receipt and cant be offered to Tax in case of Trust not Registered u/s 12A: ITAT [Read Order]")
![Claim of Exemption u/s 10(10)(i) in respect to Gratuity and Leave Encashment shall be allowed When Assessee is an Employee holding a Civil Post: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Gratuity-and-Leave-Encashment-ITAT-Civil-Post-Exemption-TAXSCAN.jpg "Claim of Exemption u/s 10(10)(i) in respect to Gratuity and Leave Encashment shall be allowed When Assessee is an Employee holding a Civil Post: ITAT [Read Order]")
![Proceeding u/s 263 cant be Initiated on Account of Income received from Fly Ash and Cenosphere: ITAT set aside Order of PCIT while granting relief to NTPC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Proceeding-Income-received-Fly-Ash-Cenosphere-ITAT-NTPC-Order-TAXSCAN.jpg "Proceeding u/s 263 cant be Initiated on Account of Income received from Fly Ash and Cenosphere: ITAT set aside Order of PCIT while granting relief to NTPC [Read Order]")
![Interest Income Generated on funds Owned by GOI is not an Income in hands of Appellant Company: ITAT deletes Addition made u/s 56 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Interest-Income-GOI-Interest-Income-Generated-on-funds-Owned-by-GOI-ITAT-deletes-Addition-ITAT-Income-Tax-Act-taxscan.jpg "Interest Income Generated on funds Owned by GOI is not an Income in hands of Appellant Company: ITAT deletes Addition made u/s 56 of Income Tax Act [Read Order]")
Deduction u/s 57 shall be allowed on Cost of Funds and Proportionate Administrative Expenses for Earning Interest Income: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the deduction under Section 57 of the Income Tax Act, 1961 shall be allowed on the cost of funds and proportionate...
![Deduction u/s 57 shall be allowed on Cost of Funds and Proportionate Administrative Expenses for Earning Interest Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Deduction-Proportionate-Administrative-Expenses-Earning-Interest-Income-ITAT-Cost-of-Funds-ITAT-Bangalore-taxscan.jpg "Deduction u/s 57 shall be allowed on Cost of Funds and Proportionate Administrative Expenses for Earning Interest Income: ITAT [Read Order]")
![No TDS u/s 192B on payment made to Consultant Doctors and Retainer Doctors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/TDS-Tax-Deducted-at-Source-Consultant-Doctors-Retainer-Doctors-payment-made-to-Consultant-Doctors.jpg "No TDS u/s 192B on payment made to Consultant Doctors and Retainer Doctors: ITAT [Read Order]")
![DRP Order passed without containing DIN Number shall be treated as Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-DRP-DIN-Board-of-Direct-Taxation-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "DRP Order passed without containing DIN Number shall be treated as Invalid: ITAT [Read Order]")
Death of Director and CA of Assessee Company is a reasonable Cause in Filling Delay Appeal: ITAT set aside Order of CIT(A)[Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) set aside the order of the Commissioner of Income Tax (Appeal) [CIT(A)] and held that the death of the director and Chartered Accountant...
![Death of Director and CA of Assessee Company is a reasonable Cause in Filling Delay Appeal: ITAT set aside Order of CIT(A)[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Death-of-Director-CA-of-Assessee-Company-Assessee-Company-Filling-Delay-Appeal-ITAT-CITA-taxscan.jpg "Death of Director and CA of Assessee Company is a reasonable Cause in Filling Delay Appeal: ITAT set aside Order of CIT(A)[Read Order]")
Non-Registration of Gift Deed can't be considered to be Sham Transaction as Assessee was in Full Possession of Property Sold by a Registered Sale Deed: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that non-registration of gift deeds cannot be considered to be a sham transaction as the assessee was in full possession of the...
![Non-Registration of Gift Deed cant be considered to be Sham Transaction as Assessee was in Full Possession of Property Sold by a Registered Sale Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Gift-Deed-Sham-Transaction-Sale-Deed-TAXSCAN.jpg "Non-Registration of Gift Deed cant be considered to be Sham Transaction as Assessee was in Full Possession of Property Sold by a Registered Sale Deed: ITAT [Read Order]")
Salary received by NRI in India by offering Employment in Singapore shall not be Taxed in India: ITAT
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the salary received by a Non-Resident of India (NRI) in India by offering employment in Singapore shall not be taxed in India. ...
Depreciation u/s 32(1)(ii) can't be allowed when No Goodwill has been acquired by a Subsidiary Company nor by any Purchase: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that the depreciation under Section 32(1)(ii) of the Income Tax Act, 1961 cannot be allowed when no goodwill has been acquired by a...
![Depreciation u/s 32(1)(ii) cant be allowed when No Goodwill has been acquired by a Subsidiary Company nor by any Purchase: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Depreciation-No-Goodwill-Subsidiary-Company-Subsidiary-Company-nor-by-any-Purchase-ITAT-No-Goodwill-has-been-acquired-by-a-Subsidiary-Company-taxscan.jpg "Depreciation u/s 32(1)(ii) cant be allowed when No Goodwill has been acquired by a Subsidiary Company nor by any Purchase: ITAT [Read Order]")