![Income Tax Authorities Fails to Appreciate Amended Provision of S. 36(1) ( iia ) of Income Tax Act, Denies Additional Depreciation Claim:Â ITAT allows claim of Rs. 49.5 cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Ahmedabad-ITAT-Income-Tax-Authorities-Income-Tax-authorities-and-depreciation-claims-Tax-deductions-and-additional-depreciation-Taxscan.jpg "Income Tax Authorities Fails to Appreciate Amended Provision of S. 36(1) ( iia ) of Income Tax Act, Denies Additional Depreciation Claim:Â ITAT allows claim of Rs. 49.5 cr [Read Order]")
Income Tax Authorities Fails to Appreciate Amended Provision of S. 36(1) ( iia ) of Income Tax Act, Denies Additional Depreciation Claim:Â ITAT allows claim of Rs. 49.5 cr [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) allowed a claim of Rs. 49.5 crore after finding that the Income Tax Authorities...
![Capital Grant Receipt for Assets with Depreciation Rate Differing from 15% to be Calculated to Applicable Rate: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Capital-Grant-Receipt-Income-Tax-TAXSCAN.jpg "Capital Grant Receipt for Assets with Depreciation Rate Differing from 15% to be Calculated to Applicable Rate: ITAT directs Re-Adjudication [Read Order]")
![Relief to Hindustan Times: ITAT allows Expenditure incurred on Paintings, Deeming Essential for Business Environment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Delhi-ITAT-Hindustan-Times-Business-expenditure-on-art-Tax-relief-for-art-acquisition-Hindustan-Times-painting-expenditure-Taxscan-1.jpg "Relief to Hindustan Times: ITAT allows Expenditure incurred on Paintings, Deeming Essential for Business Environment [Read Order]")
![Relief ISRO Employees Society: ITAT condones Delay Considering Affidavit, Directs NFAC to Consider Section 80P (2)(d) Claims [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Bangalore-Income-Tax-ISRO-Employees-Society-TAXSCAN.jpg "Relief ISRO Employees Society: ITAT condones Delay Considering Affidavit, Directs NFAC to Consider Section 80P (2)(d) Claims [Read Order]")
![Madras HC Condones Delayed ITR Filing Due to Audit Report Delay and Covid, Interprets S. 119(2)(b) of Income Tax Act Liberally [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITR-Audit-report-delay-Condonation-of-delayed-itr-filing-delayed-itr-filing-Agricultural-society-ITR-filing-deadline-taxscan.jpg "Madras HC Condones Delayed ITR Filing Due to Audit Report Delay and Covid, Interprets S. 119(2)(b) of Income Tax Act Liberally [Read Order]")
Relief to Hindustan Times: ITAT rules Currency Loss Due to Fire Write-Off Allowable as Trading Loss u/s 28 of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled in favor of Hindustan Times, allowing the write-off of currency loss due to fire as a trading loss under Section 28 of the...
![Relief to Hindustan Times: ITAT rules Currency Loss Due to Fire Write-Off Allowable as Trading Loss u/s 28 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Income-Tax-Trading-Loss-Hindustan-Times-taxscan.jpg "Relief to Hindustan Times: ITAT rules Currency Loss Due to Fire Write-Off Allowable as Trading Loss u/s 28 of Income Tax Act [Read Order]")
CA Fails to Inform Client of Income Tax Notices Sent to CA-Created Email ID: Madras HC directs ITO to open Income Tax Portal [Read Order]
The Madras High Court has instructed the Income Tax Officer ( ITO ) to grant the petitioner access to the Income Tax Portal for the purpose of uploading pertinent documents. This directive follows...
![CA Fails to Inform Client of Income Tax Notices Sent to CA-Created Email ID: Madras HC directs ITO to open Income Tax Portal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Madras-High-Court-Income-Tax-Income-Tax-Portal-CA-CA-Client-taxscan.jpg "CA Fails to Inform Client of Income Tax Notices Sent to CA-Created Email ID: Madras HC directs ITO to open Income Tax Portal [Read Order]")
Delhi HC upholds Income Tax Demand Order u/s 148(A)(d) against Agriculturist for Deposit of Rs. 53.55 Lakhs in Bank Account, directs to pursue Statutory Remedy [Read Order]
The Delhi High Court had upheld the Income Tax Demand Order issued under Section 148(A)(D) of the Income Tax Act, 1961 against an individual for deposit of Rs. 53.55 Lakh in Bank Account. The...
![Delhi HC upholds Income Tax Demand Order u/s 148(A)(d) against Agriculturist for Deposit of Rs. 53.55 Lakhs in Bank Account, directs to pursue Statutory Remedy [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Delhi-HC-Delhi-HC-upholds-Income-Tax-Demand-Income-Tax-Demand-Agriculturist-taxscan-1.jpg "Delhi HC upholds Income Tax Demand Order u/s 148(A)(d) against Agriculturist for Deposit of Rs. 53.55 Lakhs in Bank Account, directs to pursue Statutory Remedy [Read Order]")
Denial of Exemption Claim u/s 10(23C) (VI) of Income Tax Act: Kerala HC directs to Consider Stay Petition [Read Order]
The Kerala High Court directed to consider a stay petition against the denial of an exemption claim under section 10(23C) (VI) of the Income Tax Act, 1961. The court held that it cannot presume the...
![Denial of Exemption Claim u/s 10(23C) (VI) of Income Tax Act: Kerala HC directs to Consider Stay Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Kerala-High-Court-Denial-of-Exemption-Claim-Income-Tax-Income-tax-news-Audit-Report-TAXSCAN.jpg "Denial of Exemption Claim u/s 10(23C) (VI) of Income Tax Act: Kerala HC directs to Consider Stay Petition [Read Order]")
