![CBDT Exempts 1948 formed Bengaluru Central Silk Board from Income Tax u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/12/CBDT-Central-Silk-Board-Bengaluru-Central-Silk-Board-Income-Tax-Taxscan.jpg "CBDT Exempts 1948 formed Bengaluru Central Silk Board from Income Tax u/s 10(46) [Read Notification]")
CBDT Exempts 1948 formed Bengaluru Central Silk Board from Income Tax u/s 10(46) [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has notified an income tax exemption for the Central Silk Board, Bengaluru, under Section 10(46) of the...
![ITAT sets aside Re-Assessment Order, due to Lack of Opportunity of being Heard and Errors in Employer-Employee Contributions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/re-assessment-order-income-tax-itat-delhi-employer-employee-contributions-infotech-cpc.jpg "ITAT sets aside Re-Assessment Order, due to Lack of Opportunity of being Heard and Errors in Employer-Employee Contributions [Read Order]")
![Eligibility for S.54F Deduction for Residential House Purchase: ITAT upholds AO’s decision Rejecting Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Eligibility-S.54F-Deduction-Residential-House-Purchase-ITAT-AOs-decision-Rejecting-Claim-taxscan.jpg "Eligibility for S.54F Deduction for Residential House Purchase: ITAT upholds AO’s decision Rejecting Claim [Read Order]")
Unexplained Cash Deposits during Demonetization: ITAT Limits Addition to ₹10 Lakhs Considering Possible Cash Sales [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) limits the addition of unexplained cash deposits during demonetization to ₹10 lakhs, considering the possibility of cash sales. Gaurangi...
![Unexplained Cash Deposits during Demonetization: ITAT Limits Addition to ₹10 Lakhs Considering Possible Cash Sales [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/itat-demonetization-delhi-itat-cash-sales-cash-transaction-limit-income-tax.jpg "Unexplained Cash Deposits during Demonetization: ITAT Limits Addition to ₹10 Lakhs Considering Possible Cash Sales [Read Order]")
Co-operative Society Eligible for Deduction u/s 80P(2)(d) on Interest Earned from Fixed Deposits in Co-operative Bank: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) held that the assessee, which is a co-operative society, is eligible for a deduction under Section 80P(2)(d) on interest earned from...
![Co-operative Society Eligible for Deduction u/s 80P(2)(d) on Interest Earned from Fixed Deposits in Co-operative Bank: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Co-operative-Bank-Co-operative-Society-Taxscan.jpg "Co-operative Society Eligible for Deduction u/s 80P(2)(d) on Interest Earned from Fixed Deposits in Co-operative Bank: ITAT [Read Order]")
![NRIs Investment in Mutual Funds Held as Legitimate, ITAT Dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/NRI-Investment-NRI-Investment-in-mutual-funds-Revenues-appeal-ITAT-ITAT-Dismisses-Revenues-Appeal-taxscan.jpg "NRIs Investment in Mutual Funds Held as Legitimate, ITAT Dismisses Revenues Appeal [Read Order]")
Incorrect Invocation of S.69A for disclosed Cash Deposits: ITAT quashes Rs. 44.5 Lakh Addition [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the addition of Rs. 44.5 lakh, ruling the incorrect invocation of Section 69A of Income Tax Act, 1961 for disclosed cash deposits. ...
![Incorrect Invocation of S.69A for disclosed Cash Deposits: ITAT quashes Rs. 44.5 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Income-Tax-Section-69A-of-Income-Tax-Act-Section-69A-of-ITA-taxscan.jpg "Incorrect Invocation of S.69A for disclosed Cash Deposits: ITAT quashes Rs. 44.5 Lakh Addition [Read Order]")
Failure to respond to Income Tax Notice justified by Pathology Reports: Madras HC sets aside Assessment and Penalty Orders conditionally [Read Order]
The Madras High Court has conditionally set aside assessment and penalty orders issued against a petitioner for the assessment year 2015-16, citing health issues as a valid reason for failing to...
![Failure to respond to Income Tax Notice justified by Pathology Reports: Madras HC sets aside Assessment and Penalty Orders conditionally [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Madras-High-Court-Income-Tax-Notice-Madras-HC-Income-Tax-notice-penalty-case-TAXSCAN.jpeg "Failure to respond to Income Tax Notice justified by Pathology Reports: Madras HC sets aside Assessment and Penalty Orders conditionally [Read Order]")
Addition of ₹24.48 Lakh for Unexplained Cash Deposits: ITAT allows ₹15.48 Lakh, confirms ₹9 Lakh as Unexplained [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) partially allows ₹15.48 Lakh of the ₹24.48 Lakh addition for unexplained cash deposits, confirming ₹9 Lakh as unexplained due to...
![Addition of ₹24.48 Lakh for Unexplained Cash Deposits: ITAT allows ₹15.48 Lakh, confirms ₹9 Lakh as Unexplained [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Unexplained-Cash-Deposits-Income-Tax-Appellate-Tribunal-Income-Tax-taxscan.jpg "Addition of ₹24.48 Lakh for Unexplained Cash Deposits: ITAT allows ₹15.48 Lakh, confirms ₹9 Lakh as Unexplained [Read Order]")
Validity of Reopening u/s 148 for Verification Purposes: ITAT quashes Reopening as Legally Invalid [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the reopening of the case under section 148 of Income Tax Act,1961 ruling that the reassessment initiated for verification purposes...
![Validity of Reopening u/s 148 for Verification Purposes: ITAT quashes Reopening as Legally Invalid [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITATDelhi-section-148-of-Income-Tax-Act-Income-Tax-ITAT-Quashes-Reopening-Income-Tax-Appellate-Tribunal-taxscan.jpg "Validity of Reopening u/s 148 for Verification Purposes: ITAT quashes Reopening as Legally Invalid [Read Order]")