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Are You Concerned of Income Tax Liability? Know More on Income Tax Savings Scheme
India offers various income tax savings schemes to help individuals and entities reduce their tax liabilities while encouraging savings and...
![Bonus paid as CTC to Employees cannot be Disallowed u/s 43B of Income Tax Act: ITAT grants Relief to Renault [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Bonus-CTC-Employees-Disallowed-Income-Tax-Act-ITAT-Relief-Renault-taxscan.jpg "Bonus paid as CTC to Employees cannot be Disallowed u/s 43B of Income Tax Act: ITAT grants Relief to Renault [Read Order]")
![Consultancy Charges paid to Resident Director not Excessive or Unreasonable: ITAT allows Company’s Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Chennai-Consultancy-Charges-Resident-Director-Company-Deduction-Claim-Income-Tax-Appellate-Tribunal-taxscan.jpg "Consultancy Charges paid to Resident Director not Excessive or Unreasonable: ITAT allows Company’s Deduction Claim [Read Order]")
![Loans by NOIDA not Commercial Activity: Delhi HC allows Income Tax Exemption u/s 10(46) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/loans-noida-New-Okhla-Industrial-Development-Authority-delhi-hc-delhi-hc-news-delhi-high-court-delhi-high-court-news-income-tax-income-tax-news-tax-exemption-tax-news-tax-scan.jpg "Loans by NOIDA not Commercial Activity: Delhi HC allows Income Tax Exemption u/s 10(46) [Read Order]")
Section 254(2) of Income Tax cannot be used for Recall and Review Order by Tribunal: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the provision of Section 254(2) of the Income Tax Act, 1961 cannot be used for a recall and review order by the tribunal....
![Section 254(2) of Income Tax cannot be used for Recall and Review Order by Tribunal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Recall-Review-Tribunal-ITAT-taxscan.jpg "Section 254(2) of Income Tax cannot be used for Recall and Review Order by Tribunal: ITAT [Read Order]")
![Scrip cant be Penny Stock: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Scrip-Penny-Stock-ITAT-Income-Tax-Act-taxscan.jpg "Scrip cant be Penny Stock: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]")
Income Tax Refund Rejected without Providing Opportunity to Hear: Karnataka HC allows Petition [Read Order]
The Karnataka High Court held that the Income Tax refund was rejected without providing an opportunity to hear. The Court held that the authority must take note of the time available under Section...
![Income Tax Refund Rejected without Providing Opportunity to Hear: Karnataka HC allows Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Refund-Opportunity-Hear-Karnataka-Petition-tascan.jpg "Income Tax Refund Rejected without Providing Opportunity to Hear: Karnataka HC allows Petition [Read Order]")
Income Tax Portal Technical Glitches Frustrate CAs and Tax Filers as Deadline Nears: Here's 15 Glitches Found
The income tax portal technical glitches frustrated the Chartered Accountants ( CAs ) and income tax return ( ITR ) filers as the deadline nears. The last date to file the return is July 31st 2024. ...
