![Relief to Sushila Birla Memorial Institute: ITAT allows exemption u/s 10(23C)(iiiae) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Sushila-Birla-Memorial-Institute-ITAT-exemption-Income-Tax-Act-Taxscan.jpg "Relief to Sushila Birla Memorial Institute: ITAT allows exemption u/s 10(23C)(iiiae) of Income Tax Act [Read Order]")
Relief to Sushila Birla Memorial Institute: ITAT allows exemption u/s 10(23C)(iiiae) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench in a relief to Sushila Birla Memorial Institute allowed exemption under section...
![Assessee in principle entitled to Claim Deduction of Gratuity paid before Appellate Authorities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/deduction-of-gratuity-appellate-authorities-ITAT-Taxscan.jpg "Assessee in principle entitled to Claim Deduction of Gratuity paid before Appellate Authorities: ITAT [Read Order]")
![ITAT confirms disallowance on account of Interest on Office Loan [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-disallowance-on-account-interest-on-office-loan-Taxscan.jpg "ITAT confirms disallowance on account of Interest on Office Loan [Read Order]")
![ITAT directs AO to decide the issue of Disallowance of Commission Expenses based on Documentary Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-disallowance-of-commission-expenses-documentary-evidence-Taxscan.jpg "ITAT directs AO to decide the issue of Disallowance of Commission Expenses based on Documentary Evidence [Read Order]")
![ITAT deletes addition of sum paid to Tata Sons Ltd towards Subscription Paid for Brand Equity and Business Promotion Agreement [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Tata-ITAT-Tata-Sons-Limited-subscription-paid-for-Brand-Equity-Business-Promotion-Agreement-Taxscan-2.jpg "ITAT deletes addition of sum paid to Tata Sons Ltd towards Subscription Paid for Brand Equity and Business Promotion Agreement [Read Order]")
Reopening of Assessment on account of 'Change of Opinion' isn’t valid: ITAT quashes orders passed by Tax Authorities [Read Order]
The Income Tax Appellate Tribunal (ITAT) while quashing the orders passed by tax authorities ruled that the reopening of assessment on account of “change of opinion” is not valid. The assessee,...
![Reopening of Assessment on account of Change of Opinion isn’t valid: ITAT quashes orders passed by Tax Authorities [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/assessment-on-account-change-of-opinion-ITAT-tax-authorities-Taxscan.jpg "Reopening of Assessment on account of Change of Opinion isn’t valid: ITAT quashes orders passed by Tax Authorities [Read Order]")
Instalment Payments outside time window do not debar claim of deduction u/s 54: ITAT upholds AO’s observation [Read Order]
The Income Tax Appellate Tribunal (ITAT) Jaipur has ruled that merely because the assessee has made payments in instalments and some of the instalments were paid prior to one year window before the...
![Instalment Payments outside time window do not debar claim of deduction u/s 54: ITAT upholds AO’s observation [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Installment-payment-debar-claim-of-deduction-ITAT-AO-Taxscan.jpg "Instalment Payments outside time window do not debar claim of deduction u/s 54: ITAT upholds AO’s observation [Read Order]")
Relief to NLC: Simpliciter Interest received for delay in payment can’t be considered as Income generated from Business Operations, eligible for Deduction, says ITAT
The Income Tax Appellate Tribunal (ITAT), Chennai Bench held that simpliciter interest received for delay in payment cannot be considered as income generated from business operations, eligible for...
ITAT: Consideration Received for Sale of Software products is not Royalty income; not taxable in the hands of assessee in India [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune, has ruled that the sale consideration received for the sale of software products from the end-users, distributors, or resellers is business income and...
![ITAT: Consideration Received for Sale of Software products is not Royalty income; not taxable in the hands of assessee in India [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-sale-of-software-products-Royalty-income-assessee-in-India-Taxscan.jpg "ITAT: Consideration Received for Sale of Software products is not Royalty income; not taxable in the hands of assessee in India [Read Order]")
![ITAT: Income on sale of shares of company merged has to be regarded as LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Income-on-sale-of-shares-of-company-LTCG-Taxscan.jpg "ITAT: Income on sale of shares of company merged has to be regarded as LTCG [Read Order]")
Relief to IDBI Bank: ITAT deletes disallowance on Expenditure incurred in relation to Income not includible in Total Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, while granting relief to the IDBI Bank deleted the disallowance on expenditure incurred in relation to income not includible in total income. ...
![Relief to IDBI Bank: ITAT deletes disallowance on Expenditure incurred in relation to Income not includible in Total Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/IDBI-Bank-ITAT-disallowance-expenditure-income-total-income-Taxscan.jpg "Relief to IDBI Bank: ITAT deletes disallowance on Expenditure incurred in relation to Income not includible in Total Income [Read Order]")