Read all Latest Updates on and about deduction

Top

Begin typing your search above and press return to search.

Home
»
deduction

Deduction u/s 80P(2)(d) Confined to Co-operative Bank Deposits, RRB Interest Treated Separately with Expense Adjustment u/s 57(iii): ITAT [Read Order]

Advika Dwivedi

The Income Tax Appellate Tribunal (ITAT), Ahmedabad has ruled on the eligibility of deductions claimed by a co-operative credit society in respect...

New Income Tax TDS Form, Requirements from April 1, 2026 with New Act, Rules Implementation: Find...

100 bed Requirement for Hospital’s Claim u/s 35AD(8): ITAT allows Deduction after Accepting Medical...

Kerala Co-op Bank Secures Tax Win: ITAT allows ₹16.5 Lakh Deduction u/s 80P [Read Order]

Interest from Cooperative Banks Eligible for 80P Deduction: ITAT Allows ₹12.53 Lakh Claim Treating...

Total Income 100% Tax-Exempt if S.80P Deduction Allowed: ITAT dismisses appeal noting No Effect on Disallowances [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the appeal, noting that disallowances made by the Assessing Officer (AO) had no tax effect as the assessee was already...

Relief for Genpact: ITAT Allows S.10AA Deduction on Interest from FDs and Staff Loans [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Genpact India Pvt. Ltd. by allowing deduction under Section 10AA of Income Tax Act,1961 on interest income earned from...

ITAT Allows 80JJAA Deduction Despite Delay in Filing Form 10DA, Terms It Procedural [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT) allowed the claim for deduction under Section 80JJAA of Income Tax Act,1961, despite a 29-day delay in filing Form 10DA, treating the...

‘Detailed Enquiry and Proper Application of Mind by AO While Allowing Deduction u/s 80P(2)(d)’: ITAT Quashes PCIT’s Revision Order [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) quashed the revision order passed by the Principal Commissioner of Income Tax (PCIT)-3, Pune, under Section 263 of the Income-tax Act,...

Relief to Muthoot Bankers: ITAT Allows ₹5L Interest Deduction u/s 40(b) as Payment was within 12% Limit and Authorized by Partnership Deed [Read Order]

The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) in its recent ruling granted relief to Muthoot Bankers by allowing a deduction of ₹5,00,000 paid as interest to partner, as the payment...

Deduction of VRS Compensation by Auto Dealer: ITAT Remands to Verify if Amount was Disallowed while Computing Income [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) recently directed the Assessing Officer (AO) to re-examine whether the VoluntaryRetirement Scheme (VRS) issue compensation amount was...

Income Tax Deduction u/s 80HHC Had to Be Given Without Reducing S. 80IB Deduction: Madras HC Follows SC Ruling [Read Order]

The Madras High Court has reaffirmed that deduction under Section 80HHC of the Income Tax Act, 1961 must be granted without reducing the amount allowed under Section 80IB. The first question...