![ITAT directs readjudication with respect to Disallowance made on expense incurred u/s 37(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-readjudication-respect-Disallowance-us-371-of-Income-Tax-Act-TAXSCAN.jpg "ITAT directs readjudication with respect to Disallowance made on expense incurred u/s 37(1) of Income Tax Act [Read Order]")
ITAT directs readjudication with respect to Disallowance made on expense incurred u/s 37(1) of Income Tax Act [Read Order]
The Two member bench of Income Tax Appellate Tribunal (ITAT) of Bangalore directed readjudication with respect to disallowance made on expenses...
![Territorial Jurisdiction of AO is determined on basis of place where assessee Resides or Carries Business or Profession: ITAT allows appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Territorial-Jurisdiction-Jurisdiction-AO-Business-Profession-Territorial-Jurisdiction-of-AO-is-determined-on-basis-of-place-where-assessee-ITAT-taxscan.jpg "Territorial Jurisdiction of AO is determined on basis of place where assessee Resides or Carries Business or Profession: ITAT allows appeal [Read Order]")
![Delay in Filing Income Tax Appeal: Kerala HC directs ITAT to Consider Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Delay-Income-Tax-Appeal-Kerala-HC-ITAT-Appeal-taxscan.jpg "Delay in Filing Income Tax Appeal: Kerala HC directs ITAT to Consider Appeal [Read Order]")
![Source of Cash Deposit made in Corporation Bank is out of Advanced money received from Sale of Property: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Cash-Deposit-Corporation-bank-TAXSCAN-1.jpg "Source of Cash Deposit made in Corporation Bank is out of Advanced money received from Sale of Property: ITAT deletes addition [Read Order]")
![Disallowance u/s 14A of Income Tax Act should be limited to Exempted Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Disallowance-TAXSCAN.jpg "Disallowance u/s 14A of Income Tax Act should be limited to Exempted Income: ITAT [Read Order]")
141 Days Delay in Filing Income Tax Appeal due to Mistake in Filing Appeal Manual Mode: Kerala HC Directs to Condone Delay [Read Order]
The Kerala High Court directed the Income Tax Appellate authority to condone a delay of 141 Days in Filing an Income Tax Appeal as the delay was due to a mistake in filing the appeal manual mode. The...
![141 Days Delay in Filing Income Tax Appeal due to Mistake in Filing Appeal Manual Mode: Kerala HC Directs to Condone Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Kerala-High-Court-Kerala-HC-Filing-Income-Tax-Appeal-Kerala-HC-income-tax-appeal-delay-141-days-appeal-filing-delay-income-tax-Taxscan.jpg "141 Days Delay in Filing Income Tax Appeal due to Mistake in Filing Appeal Manual Mode: Kerala HC Directs to Condone Delay [Read Order]")
Failure to dispose Rectification application within time u/s 154 (7) of Income Tax Act and considering CBDT Circular: Kerala HC quashes Order [Read Order]
The single bench of Kerala High Court quashed the order rejecting the rectification application. The court viewed that the department failed to Dispose Rectification application within time under...
![Failure to dispose Rectification application within time u/s 154 (7) of Income Tax Act and considering CBDT Circular: Kerala HC quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Kerala-High-Court-Income-Tax-Rectification-application-CBDT-Circular-TAXSCAN-1.jpg "Failure to dispose Rectification application within time u/s 154 (7) of Income Tax Act and considering CBDT Circular: Kerala HC quashes Order [Read Order]")
Challenge on Reopening of Income Tax Assessment Order: Kerala HC sets aside Assessment Order [Read Order]
The division bench of the Kerala High Court set aside the reopening assessment made under the Income Tax Act, of 1961. The challenge was on the validity of Reopening of Income Tax Assessment and it...
![Challenge on Reopening of Income Tax Assessment Order: Kerala HC sets aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Kerala-High-Court-Income-Tax-Income-Tax-Assessment-Order-Assessment-Order-TAXSCAN.jpg "Challenge on Reopening of Income Tax Assessment Order: Kerala HC sets aside Assessment Order [Read Order]")
Interest and Dividend derived by one Cooperative Society From Investment with another one is eligible for Deduction u/s 80P(2)(D) of Income Tax Act: ITAT [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the interest and dividend derived by one cooperative society from investment with another one is eligible for deduction...
![Interest and Dividend derived by one Cooperative Society From Investment with another one is eligible for Deduction u/s 80P(2)(D) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Pune-Income-Tax-Cooperative-Society-TAXSCAN.jpg "Interest and Dividend derived by one Cooperative Society From Investment with another one is eligible for Deduction u/s 80P(2)(D) of Income Tax Act: ITAT [Read Order]")
Burden Shifts on AO to prove that cause Lacks Bonafide when Taxpayer shows reasonable cause for accepting Cash Loan: ITAT
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) held that the burden shifts on the Assessing Officer ( AO ) to prove that cause lacks bonafide when taxpayer shows reasonable cause for...
Piramal Enterprises Faces Setback: ITAT rules Rs. 92.7 Cr Compensation from termination as 'Business Income', Not 'Capital Gain' [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT ) has concluded that Piramal Enterprises suffered a setback by categorizing the compensation of Rs. 92.7 crore from termination as...
![Piramal Enterprises Faces Setback: ITAT rules Rs. 92.7 Cr Compensation from termination as Business Income, Not Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Piramal-Enterprises-Faces-ITAT-Compensation-termination-Business-Income-Capital-Gain-taxscan.jpg "Piramal Enterprises Faces Setback: ITAT rules Rs. 92.7 Cr Compensation from termination as Business Income, Not Capital Gain [Read Order]")
AO Disallows System Development's Legal and Professional Charges as Capital Expenses: ITAT Directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has instructed the Assessing Officer (AO) to review the case involving the disallowance of legal and professional charges incurred for...
![AO Disallows System Developments Legal and Professional Charges as Capital Expenses: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/AO-System-Developments-Legal-and-Professional-Charges-Legal-and-Professional-Charges-taxscan.jpg "AO Disallows System Developments Legal and Professional Charges as Capital Expenses: ITAT Directs Re-adjudication [Read Order]")