![ITAT Criticizes PCIT for Disallowing Rs. 4.18 Crores Interest on Unutilized Govt Grants Without Considering Corp. Submission [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Criticizes-PCIT-Interest-on-Unutilized-Govt-Grants-Interest-Unutilized-Govt-Grants-taxscan.jpg "ITAT Criticizes PCIT for Disallowing Rs. 4.18 Crores Interest on Unutilized Govt Grants Without Considering Corp. Submission [Read Order]")
ITAT Criticizes PCIT for Disallowing Rs. 4.18 Crores Interest on Unutilized Govt Grants Without Considering Corp. Submission [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) criticized the Principal Commissioner of Income Tax ( PCIT ) for disallowing Rs....
![Interest u/s 234A Accrues from Due Date until Full Tax Payment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Tax-Payment-Taxscan.jpg "Interest u/s 234A Accrues from Due Date until Full Tax Payment: ITAT [Read Order]")
![No Additions can be made in unabated Years without Incriminating Material u/s 153C: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Delhi-Section-153C-TAXSCAN.jpg "No Additions can be made in unabated Years without Incriminating Material u/s 153C: ITAT [Read Order]")
![ITAT Sets Aside Assessment for AY 2009-10 Due to Jurisdictional Error u/s 153C of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Act-taxscan.jpg "ITAT Sets Aside Assessment for AY 2009-10 Due to Jurisdictional Error u/s 153C of Income Tax Act [Read Order]")
![Delay in filing SLP: Supreme Court grants Relief to Adani Power from IT Reassessment [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2024/12/Adani-Power-limited-Income-Tax-Income-tax-re-assessment-Delay-in-filing-SLP-Taxscan.jpg "Delay in filing SLP: Supreme Court grants Relief to Adani Power from IT Reassessment [Read Judgment]")
Interest Income from Co-operative Bank qualifies as Business Income: ITAT allows Co-operative Society to claim Deduction u/s 80P [Read Order]
The Nagpur bench of the Income Tax Appellate Tribunal ( ITAT ) held that interest income from a co-operative Bank qualifies as business income and allowed the co-operative society to claim deduction...
![Interest Income from Co-operative Bank qualifies as Business Income: ITAT allows Co-operative Society to claim Deduction u/s 80P [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Interest-Income-Co-operative-Bank-Business-Income-ITAT-Co-operative-Society-Deduction-taxscan.jpg "Interest Income from Co-operative Bank qualifies as Business Income: ITAT allows Co-operative Society to claim Deduction u/s 80P [Read Order]")
![Interest u/s 234C to be Calculated on Tax Due as Per Returned Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Nagpur-Tax-Due-Interest-Taxscan.jpg "Interest u/s 234C to be Calculated on Tax Due as Per Returned Income: ITAT [Read Order]")
Losses from One Unit Need not Offset Profits of Another for Section 80-IB Deduction: ITAT [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the losses from one industrial unit need not offset the profits of another for section 80-IB deduction...
![Losses from One Unit Need not Offset Profits of Another for Section 80-IB Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Section-80-IB-Deduction-Income-Tax-Act-Profits-taxscan.jpg "Losses from One Unit Need not Offset Profits of Another for Section 80-IB Deduction: ITAT [Read Order]")
Deletion of Rs. 6.70 Cr Addition by AO for Unexplained Share Capital and Premium: ITAT Sets Aside CIT(A) Order [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)set aside the Commissioner of Income Tax(Appeals)[CIT(A)]'s order deleting an addition of Rs. 6.70 crores made by the Assessing Officer (AO)...
![Deletion of Rs. 6.70 Cr Addition by AO for Unexplained Share Capital and Premium: ITAT Sets Aside CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Unexplained-Share-Capital-AO-for-Unexplained-Share-Capital-and-Premium-CITA-Order-Income-Tax-Appellate-Tribunal-bogus-accommodation-entries-Revenue-appellant-Blueray-Trading-Pvt.-Ltd-Taxscan.jpg "Deletion of Rs. 6.70 Cr Addition by AO for Unexplained Share Capital and Premium: ITAT Sets Aside CIT(A) Order [Read Order]")
![Tax Leviable on Gain out of Crypto Currency Sale as Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Tax-Leviable-Gain-Crypto-Currency-Sale-Capital-Gains-ITAT-taxscan.jpg "Tax Leviable on Gain out of Crypto Currency Sale as Capital Gains: ITAT [Read Order]")
Disallowance of ₹4.49 Crore in Management Service Charges as Excessive: ITAT Allows Payment at Arm's Length Using Cost Plus Method [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed payment at arm's length for ₹4.49 Crore in management service charges, ruling that the fees were reasonable and calculated at a...
![Disallowance of ₹4.49 Crore in Management Service Charges as Excessive: ITAT Allows Payment at Arms Length Using Cost Plus Method [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-ahmedabad-Management-Service-Management-Service-Charges-Taxscan.jpg "Disallowance of ₹4.49 Crore in Management Service Charges as Excessive: ITAT Allows Payment at Arms Length Using Cost Plus Method [Read Order]")