![ITAT allows exemption u/s 11 & 12 to Association of State Road Transport Undertaking as it qualifies as an organization for Charitable purposes [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-Association-State-Road-Transport-Taxscan.jpg "ITAT allows exemption u/s 11 & 12 to Association of State Road Transport Undertaking as it qualifies as an organization for Charitable purposes [Read Order]")
ITAT allows exemption u/s 11 & 12 to Association of State Road Transport Undertaking as it qualifies as an organization for Charitable purposes [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench allowed the exemption under Section 11 and 12 to Association of State Road Transport...
![CAG Audit Report recommends CBDT to introduce a Time Limit for Issuing Notices [Read Report]](https://www.taxscan.in/wp-content/uploads/2020/09/CAG-CBDT-Taxscan.jpg "CAG Audit Report recommends CBDT to introduce a Time Limit for Issuing Notices [Read Report]")
![ITAT allows Deduction u/s 54F as assessee didn’t own more than one Residential House [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/residential-house-ITAT-Taxscan.jpeg "ITAT allows Deduction u/s 54F as assessee didn’t own more than one Residential House [Read Order]")
![Mitsui India isn’t a DAPE of Mitsui & Co. so no further profit could be attributed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-Mitsui-Taxscan.jpeg "Mitsui India isn’t a DAPE of Mitsui & Co. so no further profit could be attributed: ITAT [Read Order]")
Disallowance can’t be more than the Income earned by assessee: ITAT grants relief to Oman International Bank [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while remitting the matter back to the AO held that the disallowance cannot be more than the income earned by the assessee. The assessee,...
![Disallowance can’t be more than the Income earned by assessee: ITAT grants relief to Oman International Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Oman-International-Bank-ITAT-disallowance-Income-earned-assessee-Taxscan.jpg "Disallowance can’t be more than the Income earned by assessee: ITAT grants relief to Oman International Bank [Read Order]")
No Disallowance of Interest Expenditure if Interest-Free Funds are more than Value of Investments and Loan Funds haven’t used to make Investments: ITAT
The Income Tax Appellate Tribunal (ITAT) Bangalore bench while remitting the matter back to the Assessing Officer (AO) said that if the interest-free funds available with the assessee is more than...
![ITAT deletes Penalty against Balaji Telefilms on grounds of non-specific charges [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-Balaji-Telefilms-Penalty-Taxscan.jpg "ITAT deletes Penalty against Balaji Telefilms on grounds of non-specific charges [Read Order]")
Relief to Orion Mall: ITAT deletes addition of Sponsorship and Promotional Income reduced from Marketing Cost [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench deleted the deletes addition of Sponsorship and Promotional income reduced from marketing cost. The Assessee, Orion Property Management...
![Relief to Orion Mall: ITAT deletes addition of Sponsorship and Promotional Income reduced from Marketing Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-Sponsorship-Promotional-income-Marketing-Cost-Orion-Taxscan.jpg "Relief to Orion Mall: ITAT deletes addition of Sponsorship and Promotional Income reduced from Marketing Cost [Read Order]")
![ITAT confirms deletion of Penalty against ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-ICICI-Bank-Penalty-Taxscan.jpg "ITAT confirms deletion of Penalty against ICICI Bank [Read Order]")
Forfeiture of Security Deposit shall be treated as Capital Loss: ITAT grants relief to Ebony Retail [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench while upholding the order passed by the CIT(A) held that disallowance made on account of forfeiture of security deposit being treated as capital...
![Forfeiture of Security Deposit shall be treated as Capital Loss: ITAT grants relief to Ebony Retail [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-forfeiture-Security-Deposit-Taxscan.jpg "Forfeiture of Security Deposit shall be treated as Capital Loss: ITAT grants relief to Ebony Retail [Read Order]")
ITAT remits the protective adjustment issue back to AO to decide in the light of the MAP resolution [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench remitted the protective adjustment issue back to AO to decide in the light of the MAP resolution dated 29th January 2018. The assessee, BT...
![ITAT remits the protective adjustment issue back to AO to decide in the light of the MAP resolution [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-MAP-resolution-AO-Taxscan.jpg "ITAT remits the protective adjustment issue back to AO to decide in the light of the MAP resolution [Read Order]")