What is Section 80G? Section 80G of the Income Tax Act is a provision that allows taxpayers to claim deductions on donations made to eligible charitable institutions and funds. The purpose of this section is

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has disallowed the taxpayer's claim under Section 54 of the Income Tax Act, 1961 stating that the taxpayer failed to construct a residential

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) ruled deduction cannot be claimed by Assessee when employees’ contribution not being paid to the respective Provident Fund ( PF ) and Employees

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from April 13 to April 20 ITAT Directs Readjudication with

The  Delhi bench  of Income Tax Appellate Tribunal (ITAT) allowed the bad debts claimed under Section 36(1)(vii) of Income Tax Act in respect of identified debts. The assessee E-oriental Bank of Commerce  is a Nationalized Bank.

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the claim of expenditure incurred in relation to earning exempt income under Section 14A, as the assessing officer failed to record dissatisfaction as mandated

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) grants relief to Tata Steel Limited by allowing deduction of interest on Perpetual Non-Convertible Debentures ( PNCD ) in the computation of book

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) allowed Section 80IA deduction as it considered filing the Audit Report in Form 10CCB before filing the Income Tax Return as merely directory and not

The Income Tax Appellate Tribunal ( ITAT ) confirmed the disallowance of Rs. 15 lakhs for sponsorship fees paid to a trust, as it was deemed to be a personal obligation of the director rather

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of 1.74 crore after finding that labor expenses capitalized in land value did not warrant deduction claimed in the Profit

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the Income Tax Return filing within due date in mandatory for claiming deduction under Section 80IB (10) of Income Tax Act,

The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that the Centralized Processing Centre (CPC) lacked authority for preliminary deduction under Section 80P of the Income Tax Act, 1961, prior

In a recent ruling the Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the deduction under Section 80 IA of the Income Tax Act, 1961 is not allowed to enterprise

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from April 06, 2024 to April 12, 2024. Read More:

The Bombay High Court recently observed that the dissatisfaction should be recorded by the Assessing Officer (AO) regarding the correctness of the claim of assessee relating to the expenditure under Section 14A(2) of the Income