![Co-operative Society’s Investment in Co-operative Societys Fixed Deposit Accounts Eligible for Deduction u/s 80P (2) (d) of IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Co-operative-Society-Fixed-Deposit-Accounts-Eligible-for-Deduction-ITAT-TAXSCAN.jpg "Co-operative Society’s Investment in Co-operative Societys Fixed Deposit Accounts Eligible for Deduction u/s 80P (2) (d) of IT Act: ITAT [Read Order]")
Co-operative Society’s Investment in Co-operative Society's Fixed Deposit Accounts Eligible for Deduction u/s 80P (2) (d) of IT Act: ITAT [Read Order]
The Amritsar Bench of the Income Tax Appellate Tribunal (ITAT) recently held that the investment of a co-operative society in another...
![No addition can be made on Sponsorship Contributions received from Friends and Relatives: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-addition-can-be-made-Sponsorship-Contributions-received-from-Friends-and-Relatives-ITAT-TAXSCAN.jpg "No addition can be made on Sponsorship Contributions received from Friends and Relatives: ITAT [Read Order]")
![ITAT deletes Penalty u/s 271A for Estimation-Based Addition and Lack of Reference to Assessees Books [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-Penalty-ITAT-Penalty-Estimation-Based-Addition-and-Lack-of-Reference-to-Assessees-Books-Estimation-Based-Addition-Addition-Assessees-Books-Taxscan.jpg "ITAT deletes Penalty u/s 271A for Estimation-Based Addition and Lack of Reference to Assessees Books [Read Order]")
![Claim of exemption u/s 10(23C)(iiiad) of the Income Tax Act rejected without proper verification: ITAT directs re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-of-exemption-Income-Tax-Act-rejected-without-proper-verification-ITAT-re-adjudication-TAXSCAN.jpg "Claim of exemption u/s 10(23C)(iiiad) of the Income Tax Act rejected without proper verification: ITAT directs re-adjudication [Read Order]")
Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) ruled that the income derived from sale of agricultural land is not capital asset under section 2(14)(iii) of Income Tax ...
![Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-from-Sale-of-Agricultural-land-is-not-Capital-Asset-ITAT-TAXSCAN.jpg "Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]")
Interest on FD received during setting-up of Business is not Business Income but Income from Other Sources: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the interest on Fixed Deposit (FD) received during the setting-up of business is not a Business Income but shall be treated as...
![Interest on FD received during setting-up of Business is not Business Income but Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-on-FD-received-during-setting-up-of-business-not-Business-Income-but-Income-from-Other-Sources-ITAT-.jpg "Interest on FD received during setting-up of Business is not Business Income but Income from Other Sources: ITAT [Read Order]")
ITAT directs to Delete Disallowance of Expenditure incurred towards Exempt Income based on Book Profits [Read Order]
The Income Tax Appellate Tribunal, Chennai Bench, has recently, in an appeal filed before it, directed to delete the disallowance of expenditure incurred towards except income based on book profits. ...
![ITAT directs to Delete Disallowance of Expenditure incurred towards Exempt Income based on Book Profits [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-directs-to-Delete-Disallowance-Expenditure-incurred-towards-Exempt-Income-based-on-Book-Profits-ITAT-TAXSCAN.jpg "ITAT directs to Delete Disallowance of Expenditure incurred towards Exempt Income based on Book Profits [Read Order]")
Rejection of Maintenance Claim u/s 40(a)(ia) of Income Tax Act without Proper Verification: ITAT quashes Order [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal(ITAT) held that the claim of maintenance for building under Section 40(a)(ia) of Income Tax Act, 1961 rejected without proper verification of...
![Rejection of Maintenance Claim u/s 40(a)(ia) of Income Tax Act without Proper Verification: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/maintanance.jpg "Rejection of Maintenance Claim u/s 40(a)(ia) of Income Tax Act without Proper Verification: ITAT quashes Order [Read Order]")
Non-Consideration of Valuation and Jantri Value for Determining Nature of Sold Land: ITAT remands matter to CIT(A) [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) recently remanded the matter to CIT(A) due to non-consideration of valuation and Jantri value for determining the nature of sold land. ...
![Non-Consideration of Valuation and Jantri Value for Determining Nature of Sold Land: ITAT remands matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/sold-land-1.jpg "Non-Consideration of Valuation and Jantri Value for Determining Nature of Sold Land: ITAT remands matter to CIT(A) [Read Order]")
![Notice issued by AO After 4 years of Reassessment u/s 148 under : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Notice-issued-by-AO-After-4-years-of-Reassessment-TAXSCAN.jpg "Notice issued by AO After 4 years of Reassessment u/s 148 under : ITAT [Read Order]")
Notice Issued Within Limitation Period Specified u/s 149(1)(c): ITAT Upholds Reassessment [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the reassessment order as the notice was issued within the limitation period specified under Section 149(1)(c) of the Income Tax...
![Notice Issued Within Limitation Period Specified u/s 149(1)(c): ITAT Upholds Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Notice-ITAT-Reassessment-ITAT-Upholds-Reassessment-taxscan.jpg "Notice Issued Within Limitation Period Specified u/s 149(1)(c): ITAT Upholds Reassessment [Read Order]")