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![Payments made in Compensatory Nature are not interest u/s 194A of Income Tax Act, for purpose of Deduction of TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Payments-Compensatory-Nature-Income-Tax-Act-Deduction-of-TDS-ITAT-taxscan.jpg "Payments made in Compensatory Nature are not interest u/s 194A of Income Tax Act, for purpose of Deduction of TDS: ITAT [Read Order]")
Payments made in Compensatory Nature are not interest u/s 194A of Income Tax Act, for purpose of Deduction of TDS: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), ruled that the payments made in compensatory nature are not interest under Section...
![No Addition u/s 68 of Income Tax Act shall be made if Amount does not appear in Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Act-Amount-Books-Account-ITAT-TAXSCAN.jpg "No Addition u/s 68 of Income Tax Act shall be made if Amount does not appear in Books of Account: ITAT [Read Order]")
![Relief to Punjab and Sind Bank: Delhi HC allows Refund of Rs.1.3 crores Deposited by Bank on ground of Involvement of Public Funds [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Relief-Punjab-Sind-Bank-Delhi-HC-Refund-Deposited-Bank-ground-Involvement-Public-Funds-TAXSCAN.jpg "Relief to Punjab and Sind Bank: Delhi HC allows Refund of Rs.1.3 crores Deposited by Bank on ground of Involvement of Public Funds [Read Order]")
![Disallowance made u/s 40(a)(ia) of Income Tax Act due to Non Disclosure of Amortization Expenditure on Books of Accounts: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disallowance-Income-Tax-Act-Non-Disclosure-Amortization-Expenditure-Books-Accounts-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Disallowance made u/s 40(a)(ia) of Income Tax Act due to Non Disclosure of Amortization Expenditure on Books of Accounts: ITAT Directs Re-adjudication [Read Order]")
![MSBTE is ‘state’ under Article 12 and exempted from Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/MSBTE-state-Article-12-and-exempted-from-Income-Tax-ITAT-TAXSCAN.jpg "MSBTE is ‘state’ under Article 12 and exempted from Income Tax: ITAT [Read Order]")
Income Tax Penalty u/s 271C Not Leviable on a Non-Taxable Entity formed by an Act of Govt: ITAT grants Relief to Yes Bank [Read Order]
The Dehradun Bench of Income Tax Appellate Tribunal has granted relief to Yes Bank holding that the income tax penalty could not be levied under Section 271C of the Income Tax Act 1961 on a...
![Income Tax Penalty u/s 271C Not Leviable on a Non-Taxable Entity formed by an Act of Govt: ITAT grants Relief to Yes Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Penalty-Income-Tax-Non-Taxable-Entity-Govt-ITAT-Yes-Bank-taxscan.jpg "Income Tax Penalty u/s 271C Not Leviable on a Non-Taxable Entity formed by an Act of Govt: ITAT grants Relief to Yes Bank [Read Order]")
![No TDS u/s 194A on Interest Payments to Agra Development Authority: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/No-TDS-Interest-Payments-Agra-Development-Authority-Supreme-Court-Taxscan.jpeg "No TDS u/s 194A on Interest Payments to Agra Development Authority: Supreme Court [Read Order]")
Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that Cooperative bank share eligible for Tax Deduction at Source (TDS) exemption under section 194A for deposits by nominal members. ...
![Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Co-operative-bank-TDS-exemption-ITAT-taxscan.jpeg "Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]")
![Govt Notifies TDS Exemption for Interest Payments to HUDCO [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/07/HUDCO.jpg "Govt Notifies TDS Exemption for Interest Payments to HUDCO [Read Notification]")
![CA Certificate is a Material Evidence to allow Benefit of S. 40(a)(ia): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/11/CA-Certificate-ITAT-Taxscan.jpg "CA Certificate is a Material Evidence to allow Benefit of S. 40(a)(ia): ITAT [Read Order]")
![Government exempts TDS deduction on MUDRA Income [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/06/Central-Board-of-Direct-Taxes-CBDT-Tax-Scan.jpg "Government exempts TDS deduction on MUDRA Income [Read Notification]")