![Relief to Havells India: ITAT allows deduction u/s 80IC on the interest income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Havells-India-ITAT-deduction-interest-income-Taxscan.jpeg "Relief to Havells India: ITAT allows deduction u/s 80IC on the interest income [Read Order]")
Relief to Havells India: ITAT allows deduction u/s 80IC on the interest income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench in a relief to Havells India allowed the deduction under section 80IC on the interest income. ...
![ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-AO-capital-loss-capital-gains-Taxscan.jpg "ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]")
![Assessment cant be Revised on ground of Mere suspicion that Income is Escaped: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Assessment-Mere-suspicion-Income-is-Escaped-ITAT-Taxscan.jpg "Assessment cant be Revised on ground of Mere suspicion that Income is Escaped: ITAT [Read Order]")
![Relief to Wipro: ITAT remitts the matter to AO for re-computation of deduction allowable u/s 10A [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Wipro-ITAT-AO-deduction-Taxscan.jpg "Relief to Wipro: ITAT remitts the matter to AO for re-computation of deduction allowable u/s 10A [Read Order]")
![ITAT directs AO to delete disallowance u/s.40(a)(ia) against Tata Sky [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-AO-disallowance-Tata-Sky-taxscan.jpg "ITAT directs AO to delete disallowance u/s.40(a)(ia) against Tata Sky [Read Order]")
Capital Gain Deduction allowable for Eight Flats received under Joint Venture Agreement: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Banglore Bench held that the capital gain deduction is allowable for eight flats received under Joint Venture Agreement. The assessee, Maurice Patrick De...
![Capital Gain Deduction allowable for Eight Flats received under Joint Venture Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Capital-Gain-Deduction-Flats-Joint-Venture-Agreement-ITAT-Taxscan.jpg "Capital Gain Deduction allowable for Eight Flats received under Joint Venture Agreement: ITAT [Read Order]")
![ITAT quashes Assessment since Reasons recorded were wrong, non-existing and incorrect facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-Quashes-Assessment-incorrect-facts-Taxscan.jpeg "ITAT quashes Assessment since Reasons recorded were wrong, non-existing and incorrect facts [Read Order]")
Reopening is not permissible merely to seek Investigation of facts: ITAT quashes Re-Assessment Proceedings [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench while quashing the reassessment proceedings held that the reopening is not permissible merely to seek investigation of facts. The...
![Reopening is not permissible merely to seek Investigation of facts: ITAT quashes Re-Assessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/investigation-of-facts-ITAT-Re-Assessment-Proceedings-Taxscan.jpg "Reopening is not permissible merely to seek Investigation of facts: ITAT quashes Re-Assessment Proceedings [Read Order]")
Losses on account of Exchange Fluctuation on Forward Contracts are allowable as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that losses on account of exchange fluctuation on forward contracts are allowable as a deduction. The assessee, ABB Global Industries...
![Losses on account of Exchange Fluctuation on Forward Contracts are allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Losses-account-exchange-fluctuation-forward-contracts-deduction-ITAT-taxscan.jpg "Losses on account of Exchange Fluctuation on Forward Contracts are allowable as Deduction: ITAT [Read Order]")
Registration has to be granted if no evidence to show activities of Trust are not being carried out genuinely: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench while allowing the application for the registration held that the registration has to be granted if there is no evidence to show activities...
![Registration has to be granted if no evidence to show activities of Trust are not being carried out genuinely: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Registration-evidence-ITAT-Teachers-Academy-Education-Trust-Taxscan.jpg "Registration has to be granted if no evidence to show activities of Trust are not being carried out genuinely: ITAT [Read Order]")
Delhi High Court upholds addition against Educational Trust as Donations were found to be Bogus [Read Judgment]
The Delhi High Court upheld the addition against the educational trust as the donations were bogus. The Appellant, Brijbasi Education, and Welfare Society is an educational trust, duly registered...
![Delhi High Court upholds addition against Educational Trust as Donations were found to be Bogus [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Delhi-High-Court-educational-trust-donations-bogus-Brijbasi-Education-and-Welfare-Society-Taxscan.jpg "Delhi High Court upholds addition against Educational Trust as Donations were found to be Bogus [Read Judgment]")
ITAT deletes disallowance as the Payments were not chargeable to Tax as Employees of AEs working for Taxpayer [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the disallowance under Section 40(a)(i) as the payments were not chargeable to tax as employees of Associated Enterprises (AEs) working...
![ITAT deletes disallowance as the Payments were not chargeable to Tax as Employees of AEs working for Taxpayer [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-disallowance-payments-employees-of-AEs-taxpayer-Taxscan.jpg "ITAT deletes disallowance as the Payments were not chargeable to Tax as Employees of AEs working for Taxpayer [Read Order]")