![ITAT Remands Case to AO for Reconsideration of Tax Exemption Claim u/s 10(26AAA) for Sikkimese Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Case-to-AO-Reconsideration-of-Tax-Exemption-Claim-Sikkimese-Assessee-taxscan.jpg "ITAT Remands Case to AO for Reconsideration of Tax Exemption Claim u/s 10(26AAA) for Sikkimese Assessee [Read Order]")
ITAT Remands Case to AO for Reconsideration of Tax Exemption Claim u/s 10(26AAA) for Sikkimese Assessee [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal( ITAT ) remanded the case of the Sikkimese assessee to the Assessing Officer ( AO ) for...
![Trusts Appeal Partly Allowed: ITAT Remits Matter to CIT(E) for Fresh Consideration of Registration Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Jaipur-Income-Tax-Appellate-Tribunal-ITAT-CIT-cases-TAXSCAN.jpg "Trusts Appeal Partly Allowed: ITAT Remits Matter to CIT(E) for Fresh Consideration of Registration Application [Read Order]")
![Borrower cannot retain Liability in Subsequent FYs After Lender Writes Off amount in his Accounts: ITAT upholds Addition u/s 41(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Appellate-Tribunal-ITAT-Chennai-Section-411-of-the-Income-Tax-Act-Retain-Liability-in-Subsequent-FYs-TAXSCAN.jpg "Borrower cannot retain Liability in Subsequent FYs After Lender Writes Off amount in his Accounts: ITAT upholds Addition u/s 41(1) [Read Order]")
![Depreciation as Granted with Rate per Income Tax Act Must Be Deducted to Determine Accumulated Profits: Telangana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/income-tax-Income-Tax-Depreciation-Rates-Accumulated-Profits-taxscan.jpg "Depreciation as Granted with Rate per Income Tax Act Must Be Deducted to Determine Accumulated Profits: Telangana HC [Read Order]")
![Interest Income from FDRs with other Cooporative Banks eligible for deduction u/s 80P (2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Ahmedabad-Interest-income-Interest-income-from-FDRs-Cooporative-Banks-Section-80-P-2d-of-the-Income-Tax-Act-TAXSCAN.jpg "Interest Income from FDRs with other Cooporative Banks eligible for deduction u/s 80P (2)(d): ITAT [Read Order]")
![ITAT Quashes Reassessment Due to Non-Issuance of Mandatory S.143(2) Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Section-1432-Income-Tax-Act-Income-tax-reassessment-taxscan.jpg "ITAT Quashes Reassessment Due to Non-Issuance of Mandatory S.143(2) Notice [Read Order]")
Rebate u/s 87A on STCG from Shares Allowed under New Tax Regime: CIT(A) directs JAO to Verify Claim Again [Read Order]
In a recent ruling, the Commissioner of Income Tax (Appeals) [ CIT(A) ] has ruled that a taxpayer is entitled to the rebate under Section 87A of Income Tax Act, 1961 on Short-Term Capital Gain ( STCG...
![Rebate u/s 87A on STCG from Shares Allowed under New Tax Regime: CIT(A) directs JAO to Verify Claim Again [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/New-Tax-Regime-STCG-Short-Term-Capital-Gain-Section-87A-of-Income-Tax-Act-CITA-directs-JAO-Tax-Regime-CITA-taxscan.jpg "Rebate u/s 87A on STCG from Shares Allowed under New Tax Regime: CIT(A) directs JAO to Verify Claim Again [Read Order]")
Gauhati HC Directs to File Application u/s 249(4) of Income Tax as Tax Dues mentioned under ITR were Paid [Read Order]
The Gauhati High Court directed to file application under section 249(4) of Income Tax Act, 1961 as tax dues mentioned under income tax return ( ITR ) were paid. It was observed that as per section...
![Gauhati HC Directs to File Application u/s 249(4) of Income Tax as Tax Dues mentioned under ITR were Paid [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-Gauhati-HC-Income-Tax-Act-ITR-income-tax-return-TAXSCAN.jpg "Gauhati HC Directs to File Application u/s 249(4) of Income Tax as Tax Dues mentioned under ITR were Paid [Read Order]")
ITAT Remands Case for Reassessment of Rs. 9.74 Lakh Unexplained Cash Deposits, allows Assessee to Submit Evidence [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case for reassessment regarding Rs. 9.74 lakh in unexplained cash deposits made during the demonetization period,allowing the...
![ITAT Remands Case for Reassessment of Rs. 9.74 Lakh Unexplained Cash Deposits, allows Assessee to Submit Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Unexplained-Cash-Deposit-Income-Tax-Appellate-Tribunal-ITAT-Case-for-Reassessment-of-Cash-Deposit-Taxscan.jpg "ITAT Remands Case for Reassessment of Rs. 9.74 Lakh Unexplained Cash Deposits, allows Assessee to Submit Evidence [Read Order]")
Widow Entitled to Fresh Opportunity to Prove Genuineness of Income, Assessment Year 2010-11 to be Re-Examined: ITAT [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) recently set aside an assessment order and directed the Assessing Officer to conduct fresh assessment proceedings after providing...
![Widow Entitled to Fresh Opportunity to Prove Genuineness of Income, Assessment Year 2010-11 to be Re-Examined: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Widow-Entitled-Fresh-Opportunity-Prove-Genuineness-of-Income-Assessment-Year-2010-11-Re-Examined-ITAT-taxscan.jpg "Widow Entitled to Fresh Opportunity to Prove Genuineness of Income, Assessment Year 2010-11 to be Re-Examined: ITAT [Read Order]")
Failure to File Form No. 10IE on Time Does Not Impact Eligibility for Concessional Tax Rates u/s 115BAC of Income Tax Act: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the failure to file Form No. 10IE on time does not impact eligibility for concessional tax rates under Section 115BAC of the...
![Failure to File Form No. 10IE on Time Does Not Impact Eligibility for Concessional Tax Rates u/s 115BAC of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Income-Tax-Section-115BAC-of-Income-Tax-Act-Taxscan.jpg "Failure to File Form No. 10IE on Time Does Not Impact Eligibility for Concessional Tax Rates u/s 115BAC of Income Tax Act: ITAT [Read Order]")
