![Assessee Gets Partial Relief from ITAT as Tribunal sets aside Interest Expenses Addition and Partly Sustains Household Expenses Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Interest-Expenses-Addition-Household-Expenses-Disallowance-taxscan.jpg "Assessee Gets Partial Relief from ITAT as Tribunal sets aside Interest Expenses Addition and Partly Sustains Household Expenses Disallowance [Read Order]")
Assessee Gets Partial Relief from ITAT as Tribunal sets aside Interest Expenses Addition and Partly Sustains Household Expenses Disallowance [Read Order]
In a recent ruling by the Income Tax Appellate Tribunal (ITAT), Surat Bench, the assessee, Manish Chiranjilal Jain, received partial relief in his...
![Ex-parte Dismissal and Addition of Rs.1.55 Crore as Unexplained Investment: ITAT Remands Case to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Ex-parte-Dismissal-Unexplained-Investment-ITAT-AO-taxscan.jpg "Ex-parte Dismissal and Addition of Rs.1.55 Crore as Unexplained Investment: ITAT Remands Case to AO [Read Order]")
![CBDT Grants Income Tax Exemption for Karnataka State Horticulture Development Agency u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/CBDT-Central-Board-of-Direct-Taxes-Income-Tax-Exemption-Income-Tax-Exemption-for-Horticulture-Development-TAXSCAN.jpg "CBDT Grants Income Tax Exemption for Karnataka State Horticulture Development Agency u/s 10(46) [Read Notification]")
![CBDT Grants Income Tax Exemption for Commissioners of Rabindra Setu, Kolkata u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/CBDT-Central-Board-of-Direct-Taxes-Income-Tax-Exemption-Income-Tax-Commissioners-of-Rabindra-Setu-TAXSCAN.jpg "CBDT Grants Income Tax Exemption for Commissioners of Rabindra Setu, Kolkata u/s 10(46) [Read Notification]")
ITAT Directs Reconsideration of Deduction Claim u/s 36(1)(va) in Light of Supreme Court Decision [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Ranchi Bench has directed the Commissioner of Income Tax (Appeals) (CIT(A)) to reconsider the deduction claim under Section 36(1)(va)...
![ITAT Directs Reconsideration of Deduction Claim u/s 36(1)(va) in Light of Supreme Court Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Directs-Reconsideration-Deduction-Claim-ITAT-Directs-Reconsideration-of-Deduction-Claim-Supreme-Court-disallowance-of-Employees-Provident-Fund-Supreme-Courts-recent-judgment-Taxscan.jpg "ITAT Directs Reconsideration of Deduction Claim u/s 36(1)(va) in Light of Supreme Court Decision [Read Order]")
ITAT Partly Allows Assessee's Appeal, Directs Benefit of Rs.8 Lakhs for Unexplained Cash Deposits [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad, partly allowed the appeal filed by assessee, in relation to the unexplained cash deposits during the demonetization period for...
![ITAT Partly Allows Assessees Appeal, Directs Benefit of Rs.8 Lakhs for Unexplained Cash Deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Unexplained-Cash-Deposits-Section-69A-ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-TAXSCAN.jpg "ITAT Partly Allows Assessees Appeal, Directs Benefit of Rs.8 Lakhs for Unexplained Cash Deposits [Read Order]")
ITAT Allows Assessee's Appeal, Orders CIT(A) to Decide on Foreign Tax Credit Claim Along with Pending Appeal [Read Order]
Recently, the Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT), allowed the appeal of a senior citizen from Telangana, challenging the denial of Foreign Tax Credit (FTC) for the Assessment...
![ITAT Allows Assessees Appeal, Orders CIT(A) to Decide on Foreign Tax Credit Claim Along with Pending Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Income-tax-Income-tax-news-Foreign-Tax-Credit-Claim-Taxscan.jpg "ITAT Allows Assessees Appeal, Orders CIT(A) to Decide on Foreign Tax Credit Claim Along with Pending Appeal [Read Order]")
Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest income earned by the assessee should be classified as business income, granting the allowance of related expenses. ...
![Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Interest-Income-Grants-Allowance-ITAT-Grants-Allowance-taxscan.jpg "Interest Income classified as Business Income: ITAT grants allowance of Related Expenses [Read Order]")
CIT(A) Dismisses Appeal as Time-Barred Despite Extended Deadline: ITAT Orders Rehearing and ₹10,000 Cost on Revenue [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) orders rehearing and imposed ₹10,000 on Revenue as Commissioner of Income Tax(Appeals)[CIT(A)] dismisses appeal as time-barred despite...
![CIT(A) Dismisses Appeal as Time-Barred Despite Extended Deadline: ITAT Orders Rehearing and ₹10,000 Cost on Revenue [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "CIT(A) Dismisses Appeal as Time-Barred Despite Extended Deadline: ITAT Orders Rehearing and ₹10,000 Cost on Revenue [Read Order]")
CIT(E) Denies Registration to Trust Engaged in Fund-Raising Activities: ITAT sets aside Denial and directs Grant u/s 12AB [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the Commissioner of Income Tax (Exemptions)[CIT(E)]'s denial of registration to a trust engaged in fund-raising activities and...
![CIT(E) Denies Registration to Trust Engaged in Fund-Raising Activities: ITAT sets aside Denial and directs Grant u/s 12AB [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-ITAT-on-trust-registration-denial-TAXSCAN.jpg "CIT(E) Denies Registration to Trust Engaged in Fund-Raising Activities: ITAT sets aside Denial and directs Grant u/s 12AB [Read Order]")
Finance Ministry Grants TDS Exemption to Credit Guarantee Funds Managed by NCGTC u/s 10(46B)(i) of Income Tax [Read Notification]
The Ministry of Finance issued Notification No. S.O. 20(E), dated January 2, 2025, announcing tax relief by exempting income tax deduction at source (TDS) on specific payments under Chapter XVII of...
![Finance Ministry Grants TDS Exemption to Credit Guarantee Funds Managed by NCGTC u/s 10(46B)(i) of Income Tax [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/Finance-Ministry-TDS-Exemption-Credit-Guarantee-Funds-NCGTC-Income-Tax-taxscn.jpg "Finance Ministry Grants TDS Exemption to Credit Guarantee Funds Managed by NCGTC u/s 10(46B)(i) of Income Tax [Read Notification]")