![Only 10 Cr Disallowed out of Rs. 35cr Depreciation Allowance Claimed by Oriental Insurance Co. Ltd u/s 32 : ITAT restores for Reconsideration [Read Order]](https://images.taxscan.in/h-upload/2025/08/27/500x300_2080928-itat-delhi-depreciation-allowance-dispute-taxscan.webp "Only 10 Cr Disallowed out of Rs. 35cr Depreciation Allowance Claimed by Oriental Insurance Co. Ltd u/s 32 : ITAT restores for Reconsideration [Read Order]")
Only 10 Cr Disallowed out of Rs. 35cr Depreciation Allowance Claimed by Oriental Insurance Co. Ltd u/s 32 : ITAT restores for Reconsideration [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) restored the claim of The Oriental Insurance Co. Ltd under section 32 of the Income Tax...
![Additional Depreciation not Claimed in Preceding year can be allowed to TVS Pvt Ltd: ITAT directs AO to Calculate Correct Amount [Read Order]](https://images.taxscan.in/h-upload/2025/08/27/250x150_2080908-tvs-itat-taxscan.webp "Additional Depreciation not Claimed in Preceding year can be allowed to TVS Pvt Ltd: ITAT directs AO to Calculate Correct Amount [Read Order]")
![Payments for Multiple Bills Below Rs. 20,000 Each Do Not Attract S. 40A(3) Disallowance: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/250x150_2080794-disallowance-itat-multiple-bills-tax-taxscan.webp "Payments for Multiple Bills Below Rs. 20,000 Each Do Not Attract S. 40A(3) Disallowance: ITAT [Read Order]")
![Addition of Rs. 6.75 Lakh Gifts from Sister and Father-in-Law by AO: ITAT Deletes Addition, Accepts Proof of Receipt [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/250x150_2080811-gifts-father-in-law-itat-proof-of-receipt-gifts-from-sister-and-father-in-law-taxscan.webp "Addition of Rs. 6.75 Lakh Gifts from Sister and Father-in-Law by AO: ITAT Deletes Addition, Accepts Proof of Receipt [Read Order]")
![Payments to foreign agents exempt from TDS as income not taxable in India: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/250x150_2080773-foreign-agents-exempt-tds-income-itat-taxscan.webp "Payments to foreign agents exempt from TDS as income not taxable in India: ITAT [Read Order]")
ITAT allows LTCG Exemption u/s 54 on Sale of Old Flat as Possession of New Flat falls Within Prescribed Period [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the claim of Long Term Capital Gains ( LTCG )exemption under section 54 of Income Tax Act,1961 on the sale of an old flat, as the...
![ITAT allows LTCG Exemption u/s 54 on Sale of Old Flat as Possession of New Flat falls Within Prescribed Period [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/500x300_2080801-itat-ltcg-exemption-old-flat-new-flat-prescribed-period-taxscan.webp "ITAT allows LTCG Exemption u/s 54 on Sale of Old Flat as Possession of New Flat falls Within Prescribed Period [Read Order]")
Co-op Society Seeks Unblocking/Defreezing of Fixed Deposits to Pay Income Tax Dues: Uttarakhand HC Leaves Decision to Registrar [Read Order]
The Uttarakhand High Court was recently met with a case filed by a petitioner co-operative society seeking unblocking of its fixed deposits to enable payment of its Income Tax dues to the...
![Co-op Society Seeks Unblocking/Defreezing of Fixed Deposits to Pay Income Tax Dues: Uttarakhand HC Leaves Decision to Registrar [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/500x300_2080657-uttarakhand-hc-on-cooperative-society-fds-taxscan.webp "Co-op Society Seeks Unblocking/Defreezing of Fixed Deposits to Pay Income Tax Dues: Uttarakhand HC Leaves Decision to Registrar [Read Order]")
Can Cloud Records Qualify as Books of Account under Income Tax Act 2025 if Loose Papers Did under ITA, 1961?
Traditionally, “books of account” meant ledgers, journals, and formal accounting records. Yet Indian tax law has never confined itself to such a narrow definition. For decades, tax authorities and ...
Non Refund of excess Consent charges paid to BDA: Orissa HC directs to allow Refund based on report of Approved Valuer of Income Tax Dept [Read Order]
The Calcutta High Court in a case relating to non- refund of excess consent charges paid to Bhubaneswar Development Authority(BDA) and directed to allow refund based on the report of the approved ...
![Non Refund of excess Consent charges paid to BDA: Orissa HC directs to allow Refund based on report of Approved Valuer of Income Tax Dept [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/500x300_2080648-refund-orissa-hc-refund-based-income-tax-dept-taxscan.webp "Non Refund of excess Consent charges paid to BDA: Orissa HC directs to allow Refund based on report of Approved Valuer of Income Tax Dept [Read Order]")
Pamphlets and Photos of Charity Camps Insufficient to Establish Charity: ITAT Denies S.80G Approval, Holds Trust’s Hospital Runs Commercially [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chandigarh Bench, has dismissed the appeal of an assessee trust seeking approval under Section 80G(5)(iii) of the Income Tax Act, 1961, holding that the...
![Pamphlets and Photos of Charity Camps Insufficient to Establish Charity: ITAT Denies S.80G Approval, Holds Trust’s Hospital Runs Commercially [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/500x300_2080623-charity-camps-establish-charity-itat-taxscan.webp "Pamphlets and Photos of Charity Camps Insufficient to Establish Charity: ITAT Denies S.80G Approval, Holds Trust’s Hospital Runs Commercially [Read Order]")
Wrong Reporting of PF/ESI Deposit Dates by Tax Auditor Causes Excess Disallowance: ITAT Directs AO to Verify and Restrict Only to Late Payments [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ), in a matter of wrong reporting of PF/ESI employees’ contribution deposit dates by the tax auditor had resulted in a higher...
![Wrong Reporting of PF/ESI Deposit Dates by Tax Auditor Causes Excess Disallowance: ITAT Directs AO to Verify and Restrict Only to Late Payments [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/500x300_2080612-pf-esi-deposit-disallowance-taxscan.webp "Wrong Reporting of PF/ESI Deposit Dates by Tax Auditor Causes Excess Disallowance: ITAT Directs AO to Verify and Restrict Only to Late Payments [Read Order]")
![ITAT upholds Upward Adjustment of Management Support Services on TVS [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/500x300_2080641-tvs-motor-taxscan.webp "ITAT upholds Upward Adjustment of Management Support Services on TVS [Read Order]")