![Interest Income from Cooperative Bank Investments Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Pune-Interest-Income-from-Cooperative-Bank-Investments-TAXSCAN.jpg "Interest Income from Cooperative Bank Investments Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]")
Interest Income from Cooperative Bank Investments Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) ruled that interest income earned from investments in cooperative banks qualifies for...
![Taxpayer is not Owner of Property: ITAT deletes Addition of 25 lakhs u/s 56 of Income Tax Act [Read Read]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Delhi-Income-Tax-Tax-news-ITAT-Taxscan.jpg "Taxpayer is not Owner of Property: ITAT deletes Addition of 25 lakhs u/s 56 of Income Tax Act [Read Read]")
![Repetition of Addition by AO Without Verification and Non-Compliance to Order of Tribunal: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Repetition-of-Addition-Addition-Income-Tax-Addition-Repetition-of-Addition-by-AO-AO-Non-Compliance-to-Order-Verification-ITAT-deletes-Addition-ITAT-taxscan.jpg "Repetition of Addition by AO Without Verification and Non-Compliance to Order of Tribunal: ITAT deletes Addition [Read Order]")
Interest Income of Co-operative Credit Societies from Credit Balances deductible u/s 80P(2)(a)(i): ITAT [Read Order]
The Hyderabad Bench Of Income Tax Appellate Tribunal (ITAT)has recently held that interest income of co-operative credit societis from credit balances deductible under section 80P(2)(a)(i) of the...
![Interest Income of Co-operative Credit Societies from Credit Balances deductible u/s 80P(2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-of-Co-operative-Credit-Societies-Co-operative-Credit-Societies-Interest-Income-Credit-Balances-ITAT-taxscan.jpg "Interest Income of Co-operative Credit Societies from Credit Balances deductible u/s 80P(2)(a)(i): ITAT [Read Order]")
Interest on FDR can be treated as Income from Other Sources under Sec 56, If claim of 80P got rejected: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri P M Jagtap, vice president and Ms Suchitra Kamble, the judicial member has held that interest in FDR can be treated as...
![Interest on FDR can be treated as Income from Other Sources under Sec 56, If claim of 80P got rejected: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-FDR-income-from-other-sources-ITAT-taxscan-1.jpg "Interest on FDR can be treated as Income from Other Sources under Sec 56, If claim of 80P got rejected: ITAT [Read Order]")
Definition of ‘Relative’ under Senior Citizens Act cannot be Imported in IT Act: Delhi HC dismisses Writ Petition seeking Gift Tax Exemption [Read Order]
The division bench of the Delhi High Court has held that the definition of ‘relative’ under the Senior Citizens Act cannot be imported in IT Act and dismissed the Writ petition seeking gift tax...
![Definition of ‘Relative’ under Senior Citizens Act cannot be Imported in IT Act: Delhi HC dismisses Writ Petition seeking Gift Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Senior-Citizens-Act-IT-Act-Delhi-HC-Writ-Petition-Gift-Tax-Exemption-taxscan.jpg "Definition of ‘Relative’ under Senior Citizens Act cannot be Imported in IT Act: Delhi HC dismisses Writ Petition seeking Gift Tax Exemption [Read Order]")
![No ‘ Angel Tax ’ for Start-Up Investors: Govt. [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/04/Angel-Tax-Startups-Taxscan.jpg "No ‘ Angel Tax ’ for Start-Up Investors: Govt. [Read Notification]")
S. 56 not applicable in the absence of any Disproportionate Allotment of Shares to Existing Shareholders: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has recently held that a shareholder cannot be taxed under Section 56(2)(vii) of the Income-tax Act, 1961 when the shares are allotted to...
![S. 56 not applicable in the absence of any Disproportionate Allotment of Shares to Existing Shareholders: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Wrong-Name-ITAT-Taxscan.jpg "S. 56 not applicable in the absence of any Disproportionate Allotment of Shares to Existing Shareholders: ITAT [Read Order]")
CBDT releases Draft Rules for Valuation of Unquoted Equity Shares: Invites Comments from Stake Holders
The Central Board of Direct Taxes (CBDT) recently released draft rules for valuation of unquoted equity shares for the purposes of section 56 and section 50CA of the Income-tax Act, 1961. The Finance...
