![Denial of S.80P(2)(d) Deduction on Interest Income: ITAT Grants Deduction for Cooperative Banks and Savings Accounts [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Deduction-on-Interest-Income.jpg "Denial of S.80P(2)(d) Deduction on Interest Income: ITAT Grants Deduction for Cooperative Banks and Savings Accounts [Read Order]")
Denial of S.80P(2)(d) Deduction on Interest Income: ITAT Grants Deduction for Cooperative Banks and Savings Accounts [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) grants deduction under section 80P(2)(d) of Income Tax Act, 1961 on interest income from...
![Discrepancy in Net Profit Figures: ITAT Quashes Pr. CIT’s Revision Order due to Prior AO Inquiry [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Hyderabad-ITAT-ruling-on-AO-prior-inquiry-TAXSCAN.jpg "Discrepancy in Net Profit Figures: ITAT Quashes Pr. CIT’s Revision Order due to Prior AO Inquiry [Read Order]")
![Denial of Expense Deductions due to Lack of Supporting Documents: ITAT Sets Aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Documents.jpg "Denial of Expense Deductions due to Lack of Supporting Documents: ITAT Sets Aside Order [Read Order]")
![Employees’ PF & ESI Contribution Disallowed if Paid After Due Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/PF-ESI-Contribution.jpg "Employees’ PF & ESI Contribution Disallowed if Paid After Due Date: ITAT [Read Order]")
![Deduction of Bad Debts u/s 36 Income Tax Act only if Lends in Ordinary Course of Banking/ Money Lending Business: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Delhi-high-court-Deduction-of-Bad-Debts-Section-36-Income-Tax-Act-TAXSCAN.jpg "Deduction of Bad Debts u/s 36 Income Tax Act only if Lends in Ordinary Course of Banking/ Money Lending Business: Delhi HC [Read Order]")
![₹26.35 Lakh Addition on Cash Deposits during Demonetization: ITAT Orders Deletion [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Delhi-Cash-Deposits-during-Demonetization-TAXSCAN.jpg "₹26.35 Lakh Addition on Cash Deposits during Demonetization: ITAT Orders Deletion [Read Order]")
Disallowance of ₹5.11 Crore Forex Loss on ECB Settlement: ITAT Restores Matter to AO [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) restored the issue of ₹5.11 crore forex fluctuation loss on the settlement of External Commercial Borrowings (ECB) to the Assessing Officer...
![Disallowance of ₹5.11 Crore Forex Loss on ECB Settlement: ITAT Restores Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Kolkata-Disallowance-of-Forex-Loss-TAXSCAN.jpg "Disallowance of ₹5.11 Crore Forex Loss on ECB Settlement: ITAT Restores Matter to AO [Read Order]")
TPO’s Rejection of CUP Analysis Despite DRP Directions: ITAT Deletes Transfer Pricing Adjustment [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) deleted the transfer pricing adjustment after Transfer Pricing Officer (TPO)’s rejection of CUP analysis despite Dispute Resolution Panel...
![TPO’s Rejection of CUP Analysis Despite DRP Directions: ITAT Deletes Transfer Pricing Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Kolkata-TPO-Transfer-pricing-officer-Income-tax-news-TAXSCAN.jpg "TPO’s Rejection of CUP Analysis Despite DRP Directions: ITAT Deletes Transfer Pricing Adjustment [Read Order]")
ITAT deletes Addition for Intra-Group Services, Citing Consistency with Earlier Rulings [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) ruled in favor of the assessee deleting the addition for intra-group services. It cited the consistency with earlier rulings, particularly...
![ITAT deletes Addition for Intra-Group Services, Citing Consistency with Earlier Rulings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Intra-Group-Services.jpg "ITAT deletes Addition for Intra-Group Services, Citing Consistency with Earlier Rulings [Read Order]")
![Incorrect Deduction in Leave Encashment Disallowance: ITAT Remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Incorrect-Deduction-Leave-Encashment-Disallowance-ITAT-ITAT-Remands-Matter-Remands-Matter-taxscan.jpg "Incorrect Deduction in Leave Encashment Disallowance: ITAT Remands Matter to AO [Read Order]")
Do you Run a Partnership Firm? Know the Key Income Tax Changes Effective from the 1st of April, 2025
Starting April 1, 2025, partnership firms, including Limited Liability Partnerships (LLPs), will have to comply with two significant income tax changes brought in by the Finance (No. 2) Act, 2024....
Bombay HC Directs RBI to Accept ₹20 Lakh Demonetized Currency due to Seizure by Income Tax Department Prior to Bank Deposit Deadline [Read Order]
In a significant ruling, the Bombay High Court directed the Reserve Bank of India (RBI) to accept and exchange ₹20 lakh in demonetized currency notes held by a Kolhapur resident since their cash was...
![Bombay HC Directs RBI to Accept ₹20 Lakh Demonetized Currency due to Seizure by Income Tax Department Prior to Bank Deposit Deadline [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Demonetized-Currency.jpg "Bombay HC Directs RBI to Accept ₹20 Lakh Demonetized Currency due to Seizure by Income Tax Department Prior to Bank Deposit Deadline [Read Order]")