![ITAT allows Deduction Claim in respect of Interest Earned from Credit Facilities Extended to Members including/ Nominal Associate Members [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Bangalore-ITAT-ITAT-Allows-Deduction-Claim-Income-tax-deduction-ITAT-news-Taxscan.jpg "ITAT allows Deduction Claim in respect of Interest Earned from Credit Facilities Extended to Members including/ Nominal Associate Members [Read Order]")
ITAT allows Deduction Claim in respect of Interest Earned from Credit Facilities Extended to Members including/ Nominal Associate Members [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the claim of deduction in respect of interest earned from credit facilities...
![Encashment of Leave Salary would be a Profit in Lieu of Salary, Not Taxable under Voluntary Separation Programme: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-appellate-tribunal-Leave-salary-Lieu-of-salary-TAXSCAN.jpg "Encashment of Leave Salary would be a Profit in Lieu of Salary, Not Taxable under Voluntary Separation Programme: ITAT deletes Income Tax Addition [Read Order]")
![ITAT allows Deduction u/s 80 IA(4)(iii) of Income Tax Act on Interest Income derived from Industrial Parks/SEZ [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ncome-Tax-Act-ITAT-ITAT-delhi-Special-Economic-Zones-Section-80-IA4iii-of-the-Income-Tax-Act-taxscan.jpg "ITAT allows Deduction u/s 80 IA(4)(iii) of Income Tax Act on Interest Income derived from Industrial Parks/SEZ [Read Order]")
![Non-Compete Fee to be treated as Revenue Receipt from Post-Amendment to S.28 of Finance Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-mumbai-Income-tax-appellate-tribunal-income-tax-news-Finance-act-TAXSCAN.jpg "Non-Compete Fee to be treated as Revenue Receipt from Post-Amendment to S.28 of Finance Act: ITAT [Read Order]")
![Cash Source Seized by CBI from Corporate Office Sufficiently Explained: ITAT deletes Income Tax Addition of Rs. 89 lakhs u/s 69 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Cash-Source-Seized-ITAT-ITAT-delhi-CBI-Corporate-Office-Income-Tax-Section-69-of-the-Income-Tax-Act-Central-Bureau-of-Investigation-taxscan.jpg "Cash Source Seized by CBI from Corporate Office Sufficiently Explained: ITAT deletes Income Tax Addition of Rs. 89 lakhs u/s 69 [Read Order]")
![Deduction u/s 80G of Income Tax Act Allowable on CSR Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Act-Income-Tax-CSR-ITAT-CSR-Expenditure-Income-Tax-Appellate-Tribunal-Section-80G-of-the-Income-Tax-Act-taxscan.jpg "Deduction u/s 80G of Income Tax Act Allowable on CSR Expenditure: ITAT [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 trust's registration under Section 12AB, following the...
![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]")
Assessment Proceedings u/s 153C of Income Tax Act initiated after 10 Years Block Period is Invalid: Delhi HC [Read Order]
The Delhi High Court has held that the initiation of Section 153C of the Income Tax Act assessment proceedings falling beyond the maximum 10-year block period is unsustainable. Flowmore Limited,...
![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]
The Madras High Court set aside the reassessment order issued under Section 147 r.w.s. 144 and 144B of Income Tax Act, 1961. The order was issued despite submission of the relevant documents. The...
![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]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that interest / dividend income out of investments with co-operative society is eligible for deduction under Section 80P(2) of...
![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]")