![Security Deposit Taxable Upon Arbitration Award Due to Earlier Uncertainty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Bangalore-Income-Tax-Income-Tax-Appellate-Tribunal-Security-Deposit-Tax-TAXSCAN.jpg "Security Deposit Taxable Upon Arbitration Award Due to Earlier Uncertainty: ITAT [Read Order]")
Security Deposit Taxable Upon Arbitration Award Due to Earlier Uncertainty: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the refundable security deposit is taxable only after the arbitration award,...
![Cash Gift from Father and Father-in-Law Not Taxable Under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Act-ITAT-Delhi-Cash-Gift-Father-and-Father-in-Law-Taxable-Under-Income-Tax-Act-taxscan.jpg "Cash Gift from Father and Father-in-Law Not Taxable Under Income Tax Act: ITAT [Read Order]")
![32-Day Delay in Filing Appeal: ITAT Remands Matter to CIT(A) for Adjudication on Exemption Claim u/s 10(10C) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Remands-Matter-Delay-in-Filing-Appeal-CITA-for-Adjudication-taxscan.jpg "32-Day Delay in Filing Appeal: ITAT Remands Matter to CIT(A) for Adjudication on Exemption Claim u/s 10(10C) [Read Order]")
![Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)s Order [Read Order]")
![Rs.52.25 Lakh Addition u/s 69A for Unaccounted Fees: ITAT Orders Deletion Due to Evidence of Proper Accounting [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-ITAT-Orders-Deletion-Unaccounted-Fees-Evidence-of-Proper-Accounting-taxscan.jpg "Rs.52.25 Lakh Addition u/s 69A for Unaccounted Fees: ITAT Orders Deletion Due to Evidence of Proper Accounting [Read Order]")
![Delay in Filing of Form 67 not ground to Deny Relief u/s 90 of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delay-filing-of-form-67-deny-Relief-Income-Tax-ITAT-taxscan.jpg "Delay in Filing of Form 67 not ground to Deny Relief u/s 90 of Income Tax: ITAT [Read Order]")
![No Incriminating Material Found against Oswal Fab Knits: ITAT deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chandigarh-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "No Incriminating Material Found against Oswal Fab Knits: ITAT deletes Additions [Read Order]")
Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]
The Surat bench of the Income Tax Appellate Tribunal ( ITAT ), in the case of Shri Siddhanath Mahadev Temple, held that the temple trust is entitled to tax exemptions under Sections 11 and 12 of the...
![Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Inapplicability-12A1ba-Amendment-2017-18-AY-ITAT-Temple-Trust-Exemptions-taxscan.jpg "Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]")
ITAT Dismisses Revenue's Appeal as Tax Effect Falls Below Rs. 60 Lakhs, in Accordance with CBDT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal filed by the Revenue as the tax effect was below Rs. 60 lakhs, and in accordance with the Central Board of Direct...
![ITAT Dismisses Revenues Appeal as Tax Effect Falls Below Rs. 60 Lakhs, in Accordance with CBDT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-ITAT-Dismisses-Revenues-Appeal-Revenues-Appeal-taxscan.jpg "ITAT Dismisses Revenues Appeal as Tax Effect Falls Below Rs. 60 Lakhs, in Accordance with CBDT [Read Order]")
Reassessment of Alleged Bogus LTCG/STCG Based on AO's Assumptions u/s 143(3) of Income Tax: ITAT remands case to CIT(A)
In a recent case, the Ranchi bench of the Income Tax Appellate Tribunal ( ITAT ) held that mere allegations of fake transactions cannot be the basis of further judicial proceedings. If any allegation...
Section 14A Disallowance: ITAT Directs Restricting Disallowance to Rs. 12 Lakh, Following Previous Year's Ruling [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) set aside the matter for the Assessment Year (AY) 2016-17, directing the disallowance under section 14A of the Income Tax Act, 1961 to be...
![Section 14A Disallowance: ITAT Directs Restricting Disallowance to Rs. 12 Lakh, Following Previous Years Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Section-14A-ITAT-Directs-Section-14A-Disallowance-ITAT-Ahmedabad-Income-Tax-CITAs-order-taxscan.jpg "Section 14A Disallowance: ITAT Directs Restricting Disallowance to Rs. 12 Lakh, Following Previous Years Ruling [Read Order]")
Karta of Hindu Undivided Family Wins Partial Relief at ITAT: Tribunal Sets Aside Addition for Re-calculation [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) while partly allowing the appeal held that a Hindu Undivided Family (HUF) is entitled to capital gain exemption under Section 54F of...
![Karta of Hindu Undivided Family Wins Partial Relief at ITAT: Tribunal Sets Aside Addition for Re-calculation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-Karta-awarded-relief-Karta-of-Hindu-Undivided-Family-Taxscan.jpg "Karta of Hindu Undivided Family Wins Partial Relief at ITAT: Tribunal Sets Aside Addition for Re-calculation [Read Order]")