![Granting Approval u/s 80G(5)(vi) of Income Tax Act merely relying on instrument creating the trust is not valid: Punjab & Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Punjab-Haryana-High-court-Income-Tax-Act-Granting-Approval-taxscan.jpg "Granting Approval u/s 80G(5)(vi) of Income Tax Act merely relying on instrument creating the trust is not valid: Punjab & Haryana HC [Read Order]")
Granting Approval u/s 80G(5)(vi) of Income Tax Act merely relying on instrument creating the trust is not valid: Punjab & Haryana HC [Read Order]
In a recent case, the High Court of Punjab and Haryana has held that granting approval under section 80g(5)(vi) of the Income Tax Act, 1961 merely...
![Interest Income from Business Investments by Co-operative Society Eligible for Deduction u/s 80P(2)(a): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Interest-Income-Business-Co-operative-Society-Co-operative-ITAT-Pune-Bench-of-ITAT-ITAT-Pune-Assessment-Income-Tax-Return-ITR-Assessing-Officer-Commissioner-of-Income-Tax-Taxscan.jpg "Interest Income from Business Investments by Co-operative Society Eligible for Deduction u/s 80P(2)(a): ITAT [Read Order]")
![Income Tax Assessing Officer Cannot Remain Oblivious to Claim Without Enquiry: Kerala HC Dismisses Appeal of Cochin International Airport [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Kerala-HC-Kerala-High-Court-Income-Tax-Assessing-Officer-Income-Tax-Assessing-Officer-taxscan.jpg "Income Tax Assessing Officer Cannot Remain Oblivious to Claim Without Enquiry: Kerala HC Dismisses Appeal of Cochin International Airport [Read Order]")
![CBIC enables Central Excise Officers to Adjudicate Excise and Service Tax - Pre-GST Appeals [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/CBIC-Central-Excise-Officers-Central-Excise-Adjudicate-Excise-Service-Tax-Pre-GST-Appeals-GST-Appeals-taxscan.jpg "CBIC enables Central Excise Officers to Adjudicate Excise and Service Tax - Pre-GST Appeals [Read Notification]")
![Agreement for transfer of operations and movable assets not a ground to deny exemption u/s 11 and 12: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Agreement-for-transfer-movable-assets-ITAT-Ahmedabad-bench-of-ITAT-Assessing-officer-KSMC-Commissioner-of-Income-Tax-Taxscan.jpg "Agreement for transfer of operations and movable assets not a ground to deny exemption u/s 11 and 12: ITAT [Read Order]")
Lack of specific information or positive evidence to reject Assessee’s Submissions: ITAT deletes ₹48 Lakh Income Tax Addition [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) recently deleted an income tax addition of ₹48,48,356, observing that the concerned Assessing Officer (AO) and precursory Commissioner of...
![Lack of specific information or positive evidence to reject Assessee’s Submissions: ITAT deletes ₹48 Lakh Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Income-Tax-Addition-Positive-Evidence-taxscan.jpg "Lack of specific information or positive evidence to reject Assessee’s Submissions: ITAT deletes ₹48 Lakh Income Tax Addition [Read Order]")
Landmark Ruling: ITAT Mumbai Upholds Deduction Claim of Co-op Societies, Clarifies Co-op Banks Are Eligible for Tax Benefits Under Section 80P(2)(d) [Read Order]
In a significant decision, the Income Tax Appellate Tribunal (ITAT) Mumbai has ruled in favor of co-operative societies, allowing them to claim tax deductions under Section 80P(2)(d) of the Income...
![Landmark Ruling: ITAT Mumbai Upholds Deduction Claim of Co-op Societies, Clarifies Co-op Banks Are Eligible for Tax Benefits Under Section 80P(2)(d) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Landmark-Ruling-ITAT-ITAT-Mumbai-ITAT-Mumbai-Upholds-Co-op-Societies-Clarifies-Co-op-Banks-Co-op-Banks-Tax-Benefits-taxscan.jpg "Landmark Ruling: ITAT Mumbai Upholds Deduction Claim of Co-op Societies, Clarifies Co-op Banks Are Eligible for Tax Benefits Under Section 80P(2)(d) [Read Order]")
![Lack of evidence and improper enquiry: ITAT Remands Case to AO for Fresh Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Remands-Case-to-AO-Lack-of-evidence-taxscan.jpg "Lack of evidence and improper enquiry: ITAT Remands Case to AO for Fresh Examination [Read Order]")
ITAT Remands ₹44.9 Lakhs Unexplained Cash Deposits Case to AO: Deliberates on need for Natural Justice in Reassessments [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ), in the case of Anantrai Vithalbhai Parmer, remanded the case back to the assessing officer ( AO ) for fresh assessment for the...
![ITAT Remands ₹44.9 Lakhs Unexplained Cash Deposits Case to AO: Deliberates on need for Natural Justice in Reassessments [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Natural-Justice-in-Reassessment-TAXSCAN.jpg "ITAT Remands ₹44.9 Lakhs Unexplained Cash Deposits Case to AO: Deliberates on need for Natural Justice in Reassessments [Read Order]")
Cash Deposits during Demonetization: ITAT confirms Addition of ₹1.10 Cr u/s 69A and 115BBE of Income Tax Act [Read Order]
The Patna bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Mr Dharmendra Kumar confirmed the addition made by the assessing officer ( AO ) as unexplained income under Section 69A...
![Cash Deposits during Demonetization: ITAT confirms Addition of ₹1.10 Cr u/s 69A and 115BBE of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Patna-Income-Tax-Income-Tax-Act-Section-69A-of-Income-Tax-Ac-taxscan.jpg "Cash Deposits during Demonetization: ITAT confirms Addition of ₹1.10 Cr u/s 69A and 115BBE of Income Tax Act [Read Order]")
Addition u/s 40(a)(ia) for Delayed TDS Payment: ITAT upholds CIT(A)’s Deletion based on Net Profit Rate Estimation [Read Order]
The Jodhpur Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals) [CIT(A)]’s deletion of the addition of ₹13.87 crore under section 40(a)(ia) for delayed Tax...
![Addition u/s 40(a)(ia) for Delayed TDS Payment: ITAT upholds CIT(A)’s Deletion based on Net Profit Rate Estimation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Jodhpur-TDS-Payment-Profit-Rate-Estimation-Taxscan.jpg "Addition u/s 40(a)(ia) for Delayed TDS Payment: ITAT upholds CIT(A)’s Deletion based on Net Profit Rate Estimation [Read Order]")
Interest-Free Loans to Related Parties: ITAT Dismisses Assessee's Appeal, Validates PCIT's Action [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, dismissed an appeal and upheld the order passed by the Principal Commissioner of Income Tax ( PCIT ) under Section 263 of...
![Interest-Free Loans to Related Parties: ITAT Dismisses Assessees Appeal, Validates PCITs Action [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Interest-Free-Loans-Interest-Free-Loans-to-Related-Parties-Related-Parties-ITAT-ITAT-Mumbai-taxscan.jpg "Interest-Free Loans to Related Parties: ITAT Dismisses Assessees Appeal, Validates PCITs Action [Read Order]")