![CBDT Extends Time Limit for Form 10AB filing to 30.06.2024: ITAT sets aside CIT (E) order Canceling Trust Registration u/s 12 AB [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/CBDT-Extends-Time-Limit-for-Form-chennai-bench-of-ITAT-canceling-the-trusts-registration-under-Section-12AB-ITAT-Sets-Aside-CIT-E-order-taxscan.jpg "CBDT Extends Time Limit for Form 10AB filing to 30.06.2024: ITAT sets aside CIT (E) order Canceling Trust Registration u/s 12 AB [Read Order]")
CBDT Extends Time Limit for Form 10AB filing to 30.06.2024: ITAT sets aside CIT (E) order Canceling Trust Registration u/s 12 AB [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax ( Exemption) [CIT(E)] order canceling the...
![Assessment Proceedings u/s 153C of Income Tax Act initiated after 10 Years Block Period is Invalid: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Assessment-Proceedings-Delhi-High-Court-Income-Tax-Act-Income-Tax-Section-153C-Income-Tax-Act-taxscan.jpg "Assessment Proceedings u/s 153C of Income Tax Act initiated after 10 Years Block Period is Invalid: Delhi HC [Read Order]")
![Income Tax Reassessment Order issued Despite Submission of Relevant Documents alleging Unreadability: Madras HC sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Madras-High-Court-Income-Tax-Reassessment-Order-Issued-Reassessment-Order-Income-Tax-Madras-HC-Taxscan.jpg "Income Tax Reassessment Order issued Despite Submission of Relevant Documents alleging Unreadability: Madras HC sets aside Order [Read Order]")
![Interest/Dividend Income out of Investments with Co-operative Society is Eligible for Deduction u/s 80P(2) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-appellate-tribunal-Tax-news-Dividend-income-Section-80P-TAXSCAN.jpg "Interest/Dividend Income out of Investments with Co-operative Society is Eligible for Deduction u/s 80P(2) of Income Tax Act: ITAT [Read Order]")
![CBDT exempts Real Estate Appellate Tribunal, Punjab from Income Tax u/s 10(46) [Read notification]](https://www.taxscan.in/wp-content/uploads/2024/06/real.jpg "CBDT exempts Real Estate Appellate Tribunal, Punjab from Income Tax u/s 10(46) [Read notification]")
Freight Reduction, Telecommunication Charges and Expenses Recovery w.r.t. Migration/JTS from Total Turnover is Eligible for Deduction u/s 10AA of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that reduction of freight, telecommunication charges and recovery of expenses in respect of migration / job training services from...
![Freight Reduction, Telecommunication Charges and Expenses Recovery w.r.t. Migration/JTS from Total Turnover is Eligible for Deduction u/s 10AA of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Delhi-Total-Turnover-is-Eligible-for-Deduction-Telecommunication-Charges-Freight-Reduction-taxscan.jpg "Freight Reduction, Telecommunication Charges and Expenses Recovery w.r.t. Migration/JTS from Total Turnover is Eligible for Deduction u/s 10AA of Income Tax Act: ITAT [Read Order]")
Not Linked PAN-Aadhar Yet? You may incur Higher TDS/TCS u/s 206AA and 206CC of Income Tax Act due to an inoperative PAN
PAN Aadhar linking reminder by Income Tax Department The Income Tax Department reminded everyone to link their Permanent Account Number (PAN) with their Aadhaar number by May 31st, 2024. If you...
Foreign Exchange Fluctuations have direct Nexus over Export Sales, would be Eligible for Deduction u/s 10A of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that foreign exchange fluctuations have direct nexus over export sales and would be eligible for deduction under Section 10A of the...
![Foreign Exchange Fluctuations have direct Nexus over Export Sales, would be Eligible for Deduction u/s 10A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-Tax-Act-Income-Tax-Appellate-Tribunal-ITAT-delhi-Foreign-Exchange-Income-Tax-taxscan.jpg "Foreign Exchange Fluctuations have direct Nexus over Export Sales, would be Eligible for Deduction u/s 10A of Income Tax Act: ITAT [Read Order]")
ITAT directs Remands Matter to AO to Analyse Payment of Guarantee Commission is an Admissible Deduction u/s 37(1) of Income Tax Act [Read Order]
In a recent ruling the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) directed the remand of the matter to the AO to analyse whether the payment of the guarantee commission is an...
![ITAT directs Remands Matter to AO to Analyse Payment of Guarantee Commission is an Admissible Deduction u/s 37(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-income-tax-act-ITAT-bangalore-ITAT-remands-Remands-matters-TAXSCAN.jpg "ITAT directs Remands Matter to AO to Analyse Payment of Guarantee Commission is an Admissible Deduction u/s 37(1) of Income Tax Act [Read Order]")
Profit of Business Undertaking in Proportion of Export Turnover to Total Turnover would be Eligible for Deduction u/s 10 A of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the profit of business undertaking in proportion of export turnover to total turnover would be eligible for deduction under...
![Profit of Business Undertaking in Proportion of Export Turnover to Total Turnover would be Eligible for Deduction u/s 10 A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/58bfc8d2-c4b6-44f0-b028-075b10fc79f3.jpg "Profit of Business Undertaking in Proportion of Export Turnover to Total Turnover would be Eligible for Deduction u/s 10 A of Income Tax Act: ITAT [Read Order]")
CBDT Revises Jurisdiction of Income Tax Authorities u/s 120 of Income Tax Act, Effective from June 6, 2024 [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has issued Notification No. 50/2024 dated June 06, 2024, amending Notification No. 77/2014 to redefine the jurisdiction of certain Income Tax Authorities...
![CBDT Revises Jurisdiction of Income Tax Authorities u/s 120 of Income Tax Act, Effective from June 6, 2024 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/06/CBDT-Jurisdiction-Income-Tax-Authorities-Income-Tax-Act-Effective-taxscan.jpg "CBDT Revises Jurisdiction of Income Tax Authorities u/s 120 of Income Tax Act, Effective from June 6, 2024 [Read Notification]")
Sec. 71(3A) of Income Tax Act limits Set-off Amount, does not eliminate Deduction benefits Entirely: Delhi HC upholds Constitutional Validity of Sub-Section [Read Order]
In a recent ruling, the Delhi High Court dismissed the writ petition challenging the constitutional validity of the amendment of Income tax act interesting the Sub-section 3A to the Section 71 of...
![Sec. 71(3A) of Income Tax Act limits Set-off Amount, does not eliminate Deduction benefits Entirely: Delhi HC upholds Constitutional Validity of Sub-Section [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Act-Set-off-Amount-eliminate-Deduction-Entirely-Delhi-HC-Constitutional-Validity-Sub-Section-taxscan.jpg "Sec. 71(3A) of Income Tax Act limits Set-off Amount, does not eliminate Deduction benefits Entirely: Delhi HC upholds Constitutional Validity of Sub-Section [Read Order]")