![Sharp Jump in Scrip Share Prices Justified for Shares in Demat Form: ITAT deletes Additions u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-Scrip-Share-Prices-TAT-deletes-Additions-Taxscan.jpg "Sharp Jump in Scrip Share Prices Justified for Shares in Demat Form: ITAT deletes Additions u/s 68 [Read Order]")
Sharp Jump in Scrip Share Prices Justified for Shares in Demat Form: ITAT deletes Additions u/s 68 [Read Order]
The case of assessee was taken for scrutiny assessment by issuing a notice under section 143(2) of the Act, the appeal was filed by the assessee...
![Relief to Mitsubishi: Delhi High Court directs AO to consider Revised Income Tax Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Delhi-High-Court-Income-Tax-Return-ITR-Mitsubishi-Income-Tax-Mitsubishi-Corporation-tax-taxscan.jpg "Relief to Mitsubishi: Delhi High Court directs AO to consider Revised Income Tax Return [Read Order]")
![Tamil Nadu Advocates Welfare Fund exempted from Income Tax u/s 23 of AWF Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Chennai-section-23-of-the-AWS-Act-Tamil-Nadu-Advocates-Welfare-Fund-Taxscan.jpeg "Tamil Nadu Advocates Welfare Fund exempted from Income Tax u/s 23 of AWF Act: ITAT [Read Order]")
![Delay in Filing ITR due to Age and Depression: Rajasthan HC Condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Rajasthan-High-Court-ITR-Due-Income-Tax-Return-ITR-Tax-news-Taxscan.jpeg "Delay in Filing ITR due to Age and Depression: Rajasthan HC Condones Delay [Read Order]")
S.80G(5) Registration Application Submitted Afresh within Extended Time: ITAT directs CIT(E) to consider Application [Read Order]
In a recent case, the Income Tax Appellate Tribunal ( ITAT ) of Chennai directed the Commissioner of Income Tax (Exemption) [ CIT (E) ] to consider the fresh application submitted by a Trust as per...
![S.80G(5) Registration Application Submitted Afresh within Extended Time: ITAT directs CIT(E) to consider Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Application-for-Registration-IT-ActTrust-constructs-Building-deriving-Funds-from-Trust-on-Land-Owned-by-Trustees-ITAT-TAXSCAN.jpg "S.80G(5) Registration Application Submitted Afresh within Extended Time: ITAT directs CIT(E) to consider Application [Read Order]")
Employers should make Timely Deposit of EPF/ESI for claiming Income Tax Deduction u/s 36(1)(va): ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that employers should deposit Employee State Insurance ( ESI ) and Provident Fund ( PF ) on or before the due date as a condition...
![Employers should make Timely Deposit of EPF/ESI for claiming Income Tax Deduction u/s 36(1)(va): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Deduction-EPF-ESI-Taxscan.jpeg "Employers should make Timely Deposit of EPF/ESI for claiming Income Tax Deduction u/s 36(1)(va): ITAT [Read Order]")
Insufficiency of Sentence: Karnataka HC directs Income Tax Dept to approach Sessions Court u/s 415(3) of BNSS [Read Order]
The Karnataka High Court has rejected the appeals filed by the Income Tax Department under Section 377 of the Cr.P.C. Sub-Section (3) of Section 415 of BNSS permits appeals to the Sessions Court...
![Insufficiency of Sentence: Karnataka HC directs Income Tax Dept to approach Sessions Court u/s 415(3) of BNSS [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Karnataka-High-Court-Karnataka-HC-Income-Tax-Dept-Sessions-Court-BNSS-Section-4153-of-BNSS-TAXSCAN.jpg "Insufficiency of Sentence: Karnataka HC directs Income Tax Dept to approach Sessions Court u/s 415(3) of BNSS [Read Order]")
Taxpayer Engaged in Educational Charitable Activities u/s 2(15) of Income Tax Act is Eligible for Exemption: Delhi HC [Read Order]
The Delhi High Court has ruled that a taxpayer engaged in educational charitable activities under Section 2(15) of the Income Tax Act is eligible for exemption, as the Assessing Officer, upon due...
![Taxpayer Engaged in Educational Charitable Activities u/s 2(15) of Income Tax Act is Eligible for Exemption: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Charitable-Trust-Registration-Rejected-Without-Fair-Hearing-Opportunity-ITAT-TAXSCAN.jpg "Taxpayer Engaged in Educational Charitable Activities u/s 2(15) of Income Tax Act is Eligible for Exemption: Delhi HC [Read Order]")
S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) contended that Section 54F of the Income Tax Act, 1961 allows for a deduction on long-term capital gains when these gains are...
![S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Deduction-LTCG-claimed-Invested-Residential-Property-ITAT-taxscan.jpg "S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]")
ITAT allows weighted Income Tax Deduction u/s 32(2AB) wrt expenses incurred on clinical trials [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT )Â allowed the weighted deduction in respect of the expenses incurred on clinical trials and held that the assessee is entitled to...
![ITAT allows weighted Income Tax Deduction u/s 32(2AB) wrt expenses incurred on clinical trials [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/income-tax-deduction-clinical-trials-ITAT-Hyderabad-Income-Tax-Act-weighted-income-tax-deduction-tax-news-income-tax-income-tax-news-ITAT-taxscan-1.jpg "ITAT allows weighted Income Tax Deduction u/s 32(2AB) wrt expenses incurred on clinical trials [Read Order]")