![ITAT Rejects Cooperative Banks Bad Debt Reserve Claim u/s 36(1)(viia), Allows FD Loss as Business Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Section-361viia-of-Income-Tax-Act-taxscan.jpg "ITAT Rejects Cooperative Banks Bad Debt Reserve Claim u/s 36(1)(viia), Allows FD Loss as Business Expense [Read Order]")
ITAT Rejects Cooperative Bank's Bad Debt Reserve Claim u/s 36(1)(viia), Allows FD Loss as Business Expense [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ), in a recent ruling, rejected a cooperative bank's claim of bank debt reserves under...
![Finance Ministry Notifies Special Courts for Black Money and Income Tax Cases in Tamil Nadu and Puducherry [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/12/Tamil-Nadu-Black-Money-Cases.jpg "Finance Ministry Notifies Special Courts for Black Money and Income Tax Cases in Tamil Nadu and Puducherry [Read Notification]")
![ITAT Reduces Penalty to Rs 10,000 for Non-Response to Notices, Citing Assessees Depression and Business Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chennai-Income-Tax-Appellate-Tribunal-ITAT-Penaty-Reduction-case-taxscan.jpg "ITAT Reduces Penalty to Rs 10,000 for Non-Response to Notices, Citing Assessees Depression and Business Loss [Read Order]")
![ITAT sets aside CIT(A) Order for Violating Natural Justice, Directs Fresh Adjudication u/s 250(6) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Chennai-ITAT-Sets-Aside-CITA-Order-for-Violating-Violating-Natural-Justice-natural-justice-taxscan.jpg "ITAT sets aside CIT(A) Order for Violating Natural Justice, Directs Fresh Adjudication u/s 250(6) [Read Order]")
Belated Filing of Form 67 not a Ground to Deny Tax Credit: ITAT directs CIT(A) to allow FTC [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chennai Bench, ruled that the belated filing of Form 67 cannot serve as a valid ground for denying Foreign Tax Credit (FTC) to a taxpayer. The order was...
![Belated Filing of Form 67 not a Ground to Deny Tax Credit: ITAT directs CIT(A) to allow FTC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Form-67.jpg "Belated Filing of Form 67 not a Ground to Deny Tax Credit: ITAT directs CIT(A) to allow FTC [Read Order]")
![Annual Digest 2024: Supreme Court and High Court Cases on Taxation [Part 5]](https://www.taxscan.in/wp-content/uploads/2024/12/Supreme-Court-High-Court-Cases-Supreme-Court-updates-High-Court-updates-Legal-Updates-taxscan.jpg "Annual Digest 2024: Supreme Court and High Court Cases on Taxation [Part 5]")
Issuance of Notice to Different E-Mail ID and lack of Knowledge of Income Tax Portal, Proceedings and Law: ITAT remands Matter to AO [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Delhi bench has remanded a notice and demand order issued to e-mail ID different than that of the assessee who had limited knowledge of Income Tax Portal,...
![Issuance of Notice to Different E-Mail ID and lack of Knowledge of Income Tax Portal, Proceedings and Law: ITAT remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Issuance-of-Notice-Different-E-Mail-ID-lack-of-Knowledge-Income-Tax-Portal-Proceedings-and-Law-ITAT-AO-taxscan.jpg "Issuance of Notice to Different E-Mail ID and lack of Knowledge of Income Tax Portal, Proceedings and Law: ITAT remands Matter to AO [Read Order]")
ITAT Remands Case to CIT(A) for Fresh Hearing, Citing Lack of Opportunity for Assessee to be Heard [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh adjudication due to the denial of a personal hearing...
![ITAT Remands Case to CIT(A) for Fresh Hearing, Citing Lack of Opportunity for Assessee to be Heard [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Lack-of-opportunity-for-assessee-ITAT-case-taxscan-1.jpg "ITAT Remands Case to CIT(A) for Fresh Hearing, Citing Lack of Opportunity for Assessee to be Heard [Read Order]")
ITAT directs CIT(A) to Conduct Fresh Hearing, Imposes ₹5,000 Cost for Non-Attendance in Appeal [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Commissioner of Income Tax(Appeals)[CIT(A)] to conduct a fresh hearing after dismissing the appeal for non-prosecution and...
![ITAT directs CIT(A) to Conduct Fresh Hearing, Imposes ₹5,000 Cost for Non-Attendance in Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Ahmedabad-ITAT-appeal-Cases-TAXSCAN.jpg "ITAT directs CIT(A) to Conduct Fresh Hearing, Imposes ₹5,000 Cost for Non-Attendance in Appeal [Read Order]")
Rs.29.32 Lakh Unexplained Investment: ITAT Remands Matter Back to CIT(A) Due to Inadequate Reasoning [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) Â remanded the matter back to the Commissioner of Income Tax(Appeals) [ CIT(A) ] due to inadequate reasoning and failure to frame points of...
![Rs.29.32 Lakh Unexplained Investment: ITAT Remands Matter Back to CIT(A) Due to Inadequate Reasoning [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Unexplained-Investment-Income-Tax-Appellate-Tribunal-Inadequate-Reasoning-CITA-taxscan.jpg "Rs.29.32 Lakh Unexplained Investment: ITAT Remands Matter Back to CIT(A) Due to Inadequate Reasoning [Read Order]")