![Deemed Rental Income applicable to Self Occupied Properties u/s 23 (4) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Deemed-Rental-Income-Properties-us-23-4-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "Deemed Rental Income applicable to Self Occupied Properties u/s 23 (4) of Income Tax Act: ITAT [Read Order]")
Deemed Rental Income applicable to Self Occupied Properties u/s 23 (4) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT) observed that deemed rental income applicable to self-occupied properties under...
![Rectification of Mistakenly filed ITR by tax consultant: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Rectification-ITR-Rectification-of-Mistakenly-filed-ITR-by-tax-consultant-tax-consultant-taxscan.jpg "Rectification of Mistakenly filed ITR by tax consultant: ITAT directs Re adjudication [Read Order]")
![ITAT upholds Genuine Nature of Sunrise Asian Share Sales, allows LTCG claims under Section 10(38) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-upholds-Genuine-Nature-of-Sunrise-Asian-Share-Sales-Sunrise-Asian-Share-Sales-taxscan.jpg "ITAT upholds Genuine Nature of Sunrise Asian Share Sales, allows LTCG claims under Section 10(38) of Income Tax Act [Read Order]")
![No valid satisfaction recorded before issuing notice u/s 153C of Income Tax Act: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/No-valid-satisfaction-Income-Tax-Act-ITAT-ITAT-quashes-Assessment-Order-taxscan.jpg "No valid satisfaction recorded before issuing notice u/s 153C of Income Tax Act: ITAT quashes Assessment Order [Read Order]")
![Relief to Bajaj Auto: ITAT allows Deduction u/S 80-O of Income Tax Act on Royalty fee received in nature of Drawing, Design, Invention, Patent and Trademark [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Mumbai-Bajaj-auto-Income-tax-act-Income-Tax-Act-on-Royalty-fee-received-ITAT-allows-Deduction-Patent-Trademark-Income-tax-on-bajaj-auto-TAXSCAN.jpg "Relief to Bajaj Auto: ITAT allows Deduction u/S 80-O of Income Tax Act on Royalty fee received in nature of Drawing, Design, Invention, Patent and Trademark [Read Order]")
Capital Expenditure in Tax Audit Report: ITAT sets aside Claim of Deduction of Expenditure on Masala Grinder and Toaster [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has rejected the claim for the deduction of expenditure on a masala grinder and toaster, as reported under capital expenditure in the tax...
![Capital Expenditure in Tax Audit Report: ITAT sets aside Claim of Deduction of Expenditure on Masala Grinder and Toaster [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Capital-Expenditure-tax-audited-report-ITAT-deduction-claim-of-deduction-masala-grinder-and-toaster-taxscan.jpeg "Capital Expenditure in Tax Audit Report: ITAT sets aside Claim of Deduction of Expenditure on Masala Grinder and Toaster [Read Order]")
Set back to Bajaj Auto: ITAT allows Deduction u/s 80 IA of Income Tax Act after deducting Depreciation from Profits of eligible undertakings [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) delivered a setback to Bajaj Auto by allowing the deduction under Section 80 IA of the Income Tax Act 1961 only after deducting...
![Set back to Bajaj Auto: ITAT allows Deduction u/s 80 IA of Income Tax Act after deducting Depreciation from Profits of eligible undertakings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Bajaj-auto-ITAT-ITAT-Mumbai-Income-tax-act-Income-tax-on-bajaj-auto-Income-tax-deduction-on-depreciation-TAXCSAN.jpg "Set back to Bajaj Auto: ITAT allows Deduction u/s 80 IA of Income Tax Act after deducting Depreciation from Profits of eligible undertakings [Read Order]")
Relief to Bajaj Auto Ltd: ITAT allows Deduction u/s 40(a) (i) of Income Tax Act in respect of Expenditure incurred in Foreign Currency [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Bajaj Auto Ltd by allowing a deduction under Section 40(a) (i) of the Income Tax Act 1961, for expenditures...
![Relief to Bajaj Auto Ltd: ITAT allows Deduction u/s 40(a) (i) of Income Tax Act in respect of Expenditure incurred in Foreign Currency [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Mumbai-Income-tax-on-bajaj-auto-ltd-Bajaj-auto-ltd-Income-tax-act-Expenditure-incurred-in-foreign-currency-Foreign-currency-ITAT-allows-deduction-Expenditure-incurred-TAXSCAN.jpg "Relief to Bajaj Auto Ltd: ITAT allows Deduction u/s 40(a) (i) of Income Tax Act in respect of Expenditure incurred in Foreign Currency [Read Order]")
Addition u/s 69 made due to Unavailability of Transaction Information: ITAT grants final Opportunity for Non-Compliance [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted a final opportunity to the assessee for non-compliance even after the appellate stage due to an addition under Section 69 of the...
![Addition u/s 69 made due to Unavailability of Transaction Information: ITAT grants final Opportunity for Non-Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Addition-Unavailability-of-Transaction-Information-Transaction-Information-ITAT-taxscan.jpg "Addition u/s 69 made due to Unavailability of Transaction Information: ITAT grants final Opportunity for Non-Compliance [Read Order]")
Books of Account can't be held incorrect merely due to an Inadvertent mistake in TAR which is supported by Affidavit of Auditor: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the books of account cannot be held incorrect merely due to an inadvertent mistake in the Tax Audit Report (TAR) which is also...
![Books of Account cant be held incorrect merely due to an Inadvertent mistake in TAR which is supported by Affidavit of Auditor: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-TAR-Affidavit-Mumbai-bench-income-tax-taxscan.jpg "Books of Account cant be held incorrect merely due to an Inadvertent mistake in TAR which is supported by Affidavit of Auditor: ITAT [Read Order]")
Addition shall not be sustained solely on basis of AIR information and when Receipt declared by Assessee far exceeds the Amount: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that addition shall not be sustained on the basis of Annual Information Return (AIR) information and when the receipt declared by the...
![Addition shall not be sustained solely on basis of AIR information and when Receipt declared by Assessee far exceeds the Amount: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-AIR-information-exceeds-the-Amount-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Annual-Information-Return-AIR-TAXSCAN.jpg "Addition shall not be sustained solely on basis of AIR information and when Receipt declared by Assessee far exceeds the Amount: ITAT [Read Order]")
Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]
The Allahabad Bench of Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) verification of rectified deed holding that the rectified partnership deed could not be invalid...
![Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Rectified-Partnership-Deed-Invalid-when-Stamp-Paper-was-issued-on-Prior-Date-ITAT-directs-AO-Verification-of-Rectified-Deed-TAXSCAN.jpg "Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]")