![S.80P(2)(d) Exclusion on Fixed Deposit Interest has to be considered u/s 57 of Income Tax: ITAT directs AO to Reassess Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-bangalore-Fixed-Deposit-Fixed-Deposit-Interest-Assessing-Officer-Section-80P2d-taxscan.jpg "S.80P(2)(d) Exclusion on Fixed Deposit Interest has to be considered u/s 57 of Income Tax: ITAT directs AO to Reassess Matter [Read Order]")
S.80P(2)(d) Exclusion on Fixed Deposit Interest has to be considered u/s 57 of Income Tax: ITAT directs AO to Reassess Matter [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer (AO) to reassess the fixed deposit interest...
![Cess Collected under BOCW Act is Taxable Income, not a Grant, Despite Section 12A Registration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Cess-Collection-Cess-on-Income-Tax-TAXSCAN.jpg "Cess Collected under BOCW Act is Taxable Income, not a Grant, Despite Section 12A Registration: ITAT [Read Order]")
![ITAT Invalidates unsigned NFAC Order, remands Matter for Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-unsigned-NFAC-Order-remands-Matter-Re-Adjudication-taxscan.jpg "ITAT Invalidates unsigned NFAC Order, remands Matter for Re-Adjudication [Read Order]")
![Misleading Advice by Auditor Led to Excess Income Tax Payment: ITAT Orders Rectification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-ITAT-Orders-Excess-Income-Tax-Excess-Income-Tax-Payment-Auditor-Taxscan-.jpg "Misleading Advice by Auditor Led to Excess Income Tax Payment: ITAT Orders Rectification [Read Order]")
CIT (A) and AO Fails to consider CBDT Guidelines on Cash Deposits during Demonetization Period: ITAT remands Case to AO for Fresh Consideration [Read Order]
The two-member bench of the Income Tax Appellate Tribunal (ITAT) in Bangalore remanded the case to the Assessing Officer (AO) for fresh consideration, highlighting that both the AO and the...
![CIT (A) and AO Fails to consider CBDT Guidelines on Cash Deposits during Demonetization Period: ITAT remands Case to AO for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CIT-A-AO-ITAT-Bangalore-ITAT-CBDT-Income-Tax-Appellate-Tribunal-Assessing-Officer-Central-Board-of-Direct-Taxes-Demonetization-Period-taxscan.jpg "CIT (A) and AO Fails to consider CBDT Guidelines on Cash Deposits during Demonetization Period: ITAT remands Case to AO for Fresh Consideration [Read Order]")
ITAT Orders Detailed Verification of KYC for Cooperative Society’s SBN Deposits during Demonetization [Read Order]
In a recent case, The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) ordered detailed verification of “KYC” ( Know Your Customer) of the members of the assessee-cooperative society in...
![ITAT Orders Detailed Verification of KYC for Cooperative Society’s SBN Deposits during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/co-op-society-kerala-high-court-Reopening-of-Assessment-taxscan.jpg "ITAT Orders Detailed Verification of KYC for Cooperative Society’s SBN Deposits during Demonetization [Read Order]")
Extended Gap due to Covid 19 Pandemic led to Inability to Track Hearing Notice: ITAT remands case to CIT (A) for Fresh Adjudication [Read Order]
In a recent ruling, the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has remanded the case to the Commissioner of Income Tax (Appeal) (CIT (A) for fresh adjudication, noting that the...
![Extended Gap due to Covid 19 Pandemic led to Inability to Track Hearing Notice: ITAT remands case to CIT (A) for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Income-Tax-Appellate-Tribunal-CIT-A-Covid-19-Covid-19-Pandemic-Extended-Gap-Extended-Gap-Due-to-Covid-19-TAXSCAN.jpg "Extended Gap due to Covid 19 Pandemic led to Inability to Track Hearing Notice: ITAT remands case to CIT (A) for Fresh Adjudication [Read Order]")
ITAT allows 69-Day Delay in appeal Filing due to Reasonable Cause, directs CIT (A) to Reassess Case [Read Order]
In a recent ruling, The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has allowed a 69-day delay in the filing of an appeal due to a reasonable cause and has directed the Commissioner...
![ITAT allows 69-Day Delay in appeal Filing due to Reasonable Cause, directs CIT (A) to Reassess Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delay-filing-Appeal-Reasonable-Cause-ITAT-TAXSCAN.jpg "ITAT allows 69-Day Delay in appeal Filing due to Reasonable Cause, directs CIT (A) to Reassess Case [Read Order]")
Co-operative Society registered under Karnataka Souharda Sahakari Act eligible for S. 80P Deduction under Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a taxpayer registered as a co-operative society under the Karnataka Souharda Sahakari Act is eligible for deduction...
![Co-operative Society registered under Karnataka Souharda Sahakari Act eligible for S. 80P Deduction under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Co-operative-Society-Karnataka-Souharda-Sahakari-Act-section-80p-Deduction-ITAT-Souharda-Sahakari-Act-itat-on-Karnataka-Souharda-Sahakari-Act-tax-news-Karnataka-Souharda-Sahakari-Act-news-taxscan.jpg "Co-operative Society registered under Karnataka Souharda Sahakari Act eligible for S. 80P Deduction under Income Tax Act: ITAT [Read Order]")
ITAT allows Foreign Tax Credit despite Delayed Filing of Form No. 67, Rules Income Tax Rule 128(9) Directory, not Mandatory [Read Order]
The New Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) allowed foreign tax credit despite the delay in filing Form No. 67 and ruled that Rule 128(9) under Income Tax Rule, 1962 is a directory...
![ITAT allows Foreign Tax Credit despite Delayed Filing of Form No. 67, Rules Income Tax Rule 128(9) Directory, not Mandatory [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Delhi-Foreign-Tax-Credit-Foreign-Tax-Credit-Filing-Foreign-Tax-Credit-Delayed-Filing-ITAT-Foreign-Tax-Credit-taxscan.jpg "ITAT allows Foreign Tax Credit despite Delayed Filing of Form No. 67, Rules Income Tax Rule 128(9) Directory, not Mandatory [Read Order]")
No Malafide Intention in not Filing Appeals before CIT(A) within Limitation: ITAT condones 112- Day Delay [Read Order]
In a recent case, the Income Tax Appellate Tribunal ( ITAT ) of Bangalore condoned the delay in filing appeals before Commissioner of Income Tax (Appeals) [CIT(A)] by an assessee, noting that...
![No Malafide Intention in not Filing Appeals before CIT(A) within Limitation: ITAT condones 112- Day Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Bangalore-CIT-CITA-within-Limitation-Income-Tax-Appellate-Tribunal-Taxscan.jpg "No Malafide Intention in not Filing Appeals before CIT(A) within Limitation: ITAT condones 112- Day Delay [Read Order]")