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![Section 153C Assessment cannot be based on Presumptions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessment-presumption-ITAT-Section-153C-Taxscan.jpg "Section 153C Assessment cannot be based on Presumptions: ITAT [Read Order]")
Section 153C Assessment cannot be based on Presumptions: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore held that the assessment under Section 153C cannot be based on presumption. The Bench consisted of...
![ITAT deletes addition against Union Minister, D. V. Sadananda Gowda [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Union-Minister-D.-V.-Sadananda-Gowda-Taxscan.jpeg "ITAT deletes addition against Union Minister, D. V. Sadananda Gowda [Read Order]")
![Submission of Audit Report along with Income Tax Return is not Mandatory: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/ITAT-audit-report-Taxscan.jpg "Submission of Audit Report along with Income Tax Return is not Mandatory: ITAT [Read Order]")
![Transactions through Current Accounts for Business purposes isn’t ‘Deemed Dividend’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/Deemed-Dividend-ITAT-Taxscan.jpg "Transactions through Current Accounts for Business purposes isn’t ‘Deemed Dividend’: ITAT [Read Order]")
![Addition on Bogus Purchase should be made only to the extent of Lower GP declared: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/11/Gross-Profit-Taxscan.jpg "Addition on Bogus Purchase should be made only to the extent of Lower GP declared: ITAT [Read Order]")
Wife eligible for Capital Gain Deduction towards House purchased in Husband’s Name: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the wife is eligible for deduction under section 54 of the Income Tax Act for the investment in a house in the name of her...
![Wife eligible for Capital Gain Deduction towards House purchased in Husband’s Name: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Income-Tax-Act-House-Purchased-ITAT-Taxscan.jpg "Wife eligible for Capital Gain Deduction towards House purchased in Husband’s Name: ITAT [Read Order]")
Interest earned by Co-operative Society on its Investments in Co-operative Bank eligible for Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai held that the interest income earned by a co-operative society on its investments held with a co-operative bank would be eligible for claim of...
![Interest earned by Co-operative Society on its Investments in Co-operative Bank eligible for Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Investments-Co-operative-Bank-Taxscan.jpg "Interest earned by Co-operative Society on its Investments in Co-operative Bank eligible for Deduction: ITAT [Read Order]")