![Section 14A Amendment Clarification Is Not Retrospective If It Alters Existing Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-ITAT-Law-TAXSCAN.jpeg "Section 14A Amendment Clarification Is Not Retrospective If It Alters Existing Law: ITAT [Read Order]")
Section 14A Amendment Clarification Is Not Retrospective If It Alters Existing Law: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the amendment to Section 14A of the Income tax Act, 1961 which aimed to clarify...
![Failure to Prove Universitys Profit Motive: Chattisgarh HC quashes Denial of S.10(23C) Exemption Claim under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Claim-Income-tax-exemption-TAXSCAN.jpg "Failure to Prove Universitys Profit Motive: Chattisgarh HC quashes Denial of S.10(23C) Exemption Claim under Income Tax [Read Order]")
![‘If One Can, Why Not Others?’: Madras HC criticises Income Tax Dept Counsels Over Late Filing of Counter Affidavits, Directs Dept to Cooperate [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-HC-criticises-Income-Tax-Dept-Counsels-Counter-Affidavits-Dept-to-Cooperate-TAXSCAN.jpg "‘If One Can, Why Not Others?’: Madras HC criticises Income Tax Dept Counsels Over Late Filing of Counter Affidavits, Directs Dept to Cooperate [Read Order]")
![Rental Income from Factory Building Taxed as Income from House Property, Eligible for Deduction u/s 24: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delhi-High-Court-House-Property-Rental-Income-Building-Tax-Taxscan.jpg "Rental Income from Factory Building Taxed as Income from House Property, Eligible for Deduction u/s 24: Delhi HC [Read Order]")
Belated Income Tax TDS Remittance: Madras HC Orders Dept to Review Taxpayer’s Response to Determine Prosecution Viability [Read Order]
While dismissing the petition, the Madras High Court ordered the Income Tax Department to review the replies filed by the petitioner-assessee to determine the prosecution viability on the belated...
![Belated Income Tax TDS Remittance: Madras HC Orders Dept to Review Taxpayer’s Response to Determine Prosecution Viability [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Madras-High-Court-Income-Tax-Department-TDS-Remittance-Taxpayer-taxscan.jpeg "Belated Income Tax TDS Remittance: Madras HC Orders Dept to Review Taxpayer’s Response to Determine Prosecution Viability [Read Order]")
Interest Income from Deposits with Co-operative Banks qualifies for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest income earned from deposits with co-operative banks qualifies for a deduction under Section 80P(2)(d) of the Income...
![Interest Income from Deposits with Co-operative Banks qualifies for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Interest-Income-Interest-Income-from-Deposits-Co-operative-Banks-Income-Tax-Act-under-Section-80P2d-of-the-Income-Tax-Act-ITAT-news-taxscan.jpg "Interest Income from Deposits with Co-operative Banks qualifies for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]")
Email Communication Error Leads to Non-Appearance Before CIT(A): ITAT directs Fresh Adjudication [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal(ITAT)ordered for fresh adjudication after an email communication error led to the non-appearance of the assessee, before the Commissioner of...
![Email Communication Error Leads to Non-Appearance Before CIT(A): ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Kerala-HC-Income-Tax-Notice-Email-SMS-taxscan.jpg "Email Communication Error Leads to Non-Appearance Before CIT(A): ITAT directs Fresh Adjudication [Read Order]")
![S.80P(4) of Income Tax Act only excludes Co-op Banks Functioning as Commercial Banks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Mumbai-Income-tax-Income-tax-act-commercial-banks-Co-operative-banks-TAXSCAN.jpg "S.80P(4) of Income Tax Act only excludes Co-op Banks Functioning as Commercial Banks: ITAT [Read Order]")
![Income Tax Dept competent to have Interim Custody of Seized Currency Notes: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Department-Seized-Currency-Notes-Case-Interim-Custody-TAXSCAN.jpg "Income Tax Dept competent to have Interim Custody of Seized Currency Notes: Kerala HC [Read Order]")
Madras HC quashes Ex-parte Income Tax Assessment Order for Passing Non-Speaking Order without Considering Submissions [Read Order]
The Madras High Court quashed an ex-parte income tax assessment order, stating that the Assistant Commissioner of Income Tax had passed a non-speaking order mechanically, without considering the...
![Madras HC quashes Ex-parte Income Tax Assessment Order for Passing Non-Speaking Order without Considering Submissions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-Ex-parte-Income-Tax-Assessment-Order-Income-Tax-Assessment-Taxscan.jpg "Madras HC quashes Ex-parte Income Tax Assessment Order for Passing Non-Speaking Order without Considering Submissions [Read Order]")
Failure of CA to appear before AO Results in Ex-Parte Income Tax Assessment: Karnataka High Court quashes Order [Read Order]
In a recent ruling, the Karnataka High Court quashed income tax assessment order, ruling that the petitioner had entrusted the case to a Chartered Accountant, who was unable to appear before the...
![Failure of CA to appear before AO Results in Ex-Parte Income Tax Assessment: Karnataka High Court quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Karnataka-High-Court-Income-Tax-Assessment-Income-Tax-Chartered-Accountant-Ex-parte-income-tax-assessment-taxscan.jpg "Failure of CA to appear before AO Results in Ex-Parte Income Tax Assessment: Karnataka High Court quashes Order [Read Order]")