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![ITAT restores matter to AO to determine Deduction of Business Income and Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-deduction-of-business-income-interest-income-Taxscan.jpg "ITAT restores matter to AO to determine Deduction of Business Income and Interest Income [Read Order]")
ITAT restores matter to AO to determine Deduction of Business Income and Interest Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench restored the matter to the assessing officer so as to determine the deduction in respect of...
![ITAT directs matter to AO to examine afresh Rate of Gross Profit declared on Unaccounted Turnover [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-gross-profit-unaccounted-turnover-Taxscan.jpg "ITAT directs matter to AO to examine afresh Rate of Gross Profit declared on Unaccounted Turnover [Read Order]")
Mere Unrecognized Method followed by Assessee to Compute Taxable Income can’t be Estoppel: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that a mere unrecognized method followed by the assessee to compute taxable income can not be estoppel. The assessee, M/s Monarch...
![Mere Unrecognized Method followed by Assessee to Compute Taxable Income can’t be Estoppel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Mere-unrecognized-compute-taxable-income-estoppel-ITAT-Taxscan-opengraph.jpeg "Mere Unrecognized Method followed by Assessee to Compute Taxable Income can’t be Estoppel: ITAT [Read Order]")
![Section 11 Exemption: ITAT remits the matter to AO for fresh consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Section-11-Exemption-ITAT-AO-fresh-consideration-Taxscan.jpeg "Section 11 Exemption: ITAT remits the matter to AO for fresh consideration [Read Order]")
![CESTAT frees M/S Shree rolling mill from Charge of Clandestine removal for want of Cogent evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/CESTAT-MS-Shree-rolling-mill-clandestine-removal-cogent-evidence-taxscan.jpeg "CESTAT frees M/S Shree rolling mill from Charge of Clandestine removal for want of Cogent evidence [Read Order]")
Disallowance under S.40A(3) Income Tax Act not Allowed where Genuineness Of Transaction not Doubted: ITAT [Read Order]
The Income Tax Appellate Tribunal, Delhi Bench “D”, reverses application of Disallowance under Sec.40A(3) of Income Tax Act as the genuineness of the transaction was not doubted by the...
![Disallowance under S.40A(3) Income Tax Act not Allowed where Genuineness Of Transaction not Doubted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Disallowance-IT-Act-Genuineness-Of-Transaction-ITAT-Taxscan.jpeg "Disallowance under S.40A(3) Income Tax Act not Allowed where Genuineness Of Transaction not Doubted: ITAT [Read Order]")