![Non-Adjudication of Jurisdictional Grounds and Failure to State Point of Determination u/s 250(6) of Income Tax Act: ITAT sets Aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-ITAT-Jurisdictional-Grounds-ITAT-Pune-TAXSCAN.jpg "Non-Adjudication of Jurisdictional Grounds and Failure to State Point of Determination u/s 250(6) of Income Tax Act: ITAT sets Aside Order [Read Order]")
Non-Adjudication of Jurisdictional Grounds and Failure to State Point of Determination u/s 250(6) of Income Tax Act: ITAT sets Aside Order [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside the consolidated order and remanded four appeals back to the Commissioner...
![NBFC Loan to its Sister Concern is for Mere Shift of Funds from One Entity to Another: ITAT rejects Bad Debt Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-05-at-11.58.26-AM.jpeg "NBFC Loan to its Sister Concern is for Mere Shift of Funds from One Entity to Another: ITAT rejects Bad Debt Claim [Read Order]")
![ITAT allows Deduction u/s 80P(2)(d) for Interest on Deposits with Co-operative Banks, Condones 9 Days Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-ITAT-allows-Deduction-under-Section-80P2d-Income-Tax-Appellate-Tribunal-Co-operative-Banks-Taxscan.jpg "ITAT allows Deduction u/s 80P(2)(d) for Interest on Deposits with Co-operative Banks, Condones 9 Days Delay [Read Order]")
![ITAT upholds Deletion of Additions for Unsecured Loans due to Insufficient Evidence u/s 68 and 69C of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Unsecured-Loans-Section-68-and-69C-of-Income-Tax-Act-taxscan.jpg "ITAT upholds Deletion of Additions for Unsecured Loans due to Insufficient Evidence u/s 68 and 69C of Income Tax Act [Read Order]")
ITAT allows Axis Bank’s Rs. 8.3 Cr Interest Expense Claim u/s 14A citing Previous Ruling [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT )Â allowed the interest expense claim of Rs. 8.3 crore of Axis bank citing both Income tax. The bench ruled in favor of Axis Bank Ltd. on...
![ITAT allows Axis Bank’s Rs. 8.3 Cr Interest Expense Claim u/s 14A citing Previous Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Income-Tax-News-Income-Tax-Department-ITAT-Ahmedabad-TAXSCAN.jpg "ITAT allows Axis Bank’s Rs. 8.3 Cr Interest Expense Claim u/s 14A citing Previous Ruling [Read Order]")
![Punjab & Haryana HC upholds Revision Order under Income Tax Act as AO made Wrong Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Punjab-Haryana-HC-Income-Tax-Act-AO-Principal-Commissioner-Income-Tax-Haryana-HC-Upholds-section-44ADA-of-the-Act-taxscan.jpg "Punjab & Haryana HC upholds Revision Order under Income Tax Act as AO made Wrong Assessment [Read Order]")
LTCG of Mauritius Company on Sale of Shares of Indian Investment made before 1st April 2017 is not Taxable in India: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ruled that the Long term Capital Gain ( LTCG ) of Mauritius Company on the sale of shares of an Indian investment made before the 1st April 2024...
![LTCG of Mauritius Company on Sale of Shares of Indian Investment made before 1st April 2017 is not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/LTCG-Mauritius-Company-Sale-Shares-Indian-Investment-Taxable-in-India-ITAT-taxscan.jpg "LTCG of Mauritius Company on Sale of Shares of Indian Investment made before 1st April 2017 is not Taxable in India: ITAT [Read Order]")
Kerala HC directs ITAT to decide Challenge on Income tax Exemption for Amount Received by Cricket Association [Read Order]
The Kerala High Court has remanded the matter to the Income Tax Appellate Tribunal ( ITAT ) and directed to decide whether income received by the Kerala Cricket Association during the assessment...
![Kerala HC directs ITAT to decide Challenge on Income tax Exemption for Amount Received by Cricket Association [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Income-Tax-Appellate-Tribunal-Kerala-High-Court-Kerala-HC-TAXSCAN.jpeg "Kerala HC directs ITAT to decide Challenge on Income tax Exemption for Amount Received by Cricket Association [Read Order]")
Budget Impact: Income Tax Dept. to issue AY 2018-19 Notices in Coming Months in View of Capped Reassessment Periods
With the recent amendment introduced in the latest budget, the income tax department ( IT ) cannot go back more than five years for the purpose of reassessing an assessee's record if the escaped...
Change in Section for Claiming Exemption cannot be considered as Fresh Claim: ITAT allows LTCG Exemption u/s 10(38) to Trust [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ), while granting LTCG ( Long Term Capital Gain) Income tax exemption to the assessee trust under Section 10(38) of the Income Tax Act,...
![Change in Section for Claiming Exemption cannot be considered as Fresh Claim: ITAT allows LTCG Exemption u/s 10(38) to Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Change-Section-Claiming-Exemption-Fresh-Claim-ITAT-LTCG-Exemption-trust-taxscan.jpg "Change in Section for Claiming Exemption cannot be considered as Fresh Claim: ITAT allows LTCG Exemption u/s 10(38) to Trust [Read Order]")