![ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-upholds-disallowance-made-on-Interest-Expenses-incurred-for-taking-Loans-ITAT-upholds-disallowance-ITAT-Interest-Expenses-incurred-for-taking-Loans-Taxscan.jpg "ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]")
ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench upheld the disallowance made on interest expenses incurred for taking loans for making...
![Relief of Vodafone: Delhi HC Quashes Assessment Order passed by AO on ground of Non Consideration of Proper Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Relief-Vodafone-Delhi-HC-Assessment-AO-Non-Consideration-Proper-Evidence-TAXSCAN.jpg "Relief of Vodafone: Delhi HC Quashes Assessment Order passed by AO on ground of Non Consideration of Proper Evidence [Read Order]")
![Income received from letting out of Property on a Commercial basis qualifies as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-received-from-letting-out-of-Property-on-a-Commercial-basis-qualifies-as-Business-Income-ITAT-TAXSCAN.jpg "Income received from letting out of Property on a Commercial basis qualifies as Business Income: ITAT [Read Order]")
![Claim of Deduction u/s 54F Rejected by AO without Obtaining any Evidence for Proof of Construction done: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Claim-of-Deduction-Deduction-without-Obtaining-any-Evidence-for-Proof-of-Construction-done-Evidence-Proof-of-Construction-done-ITAT-Directs-Re-adjudication-ITAT-Re-adjudication-Taxscan.jpg "Claim of Deduction u/s 54F Rejected by AO without Obtaining any Evidence for Proof of Construction done: ITAT Directs Re-adjudication [Read Order]")
![Provisions of Section 44AB not Applicable to Income which are Treated as Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-from-Other-Sources-Income-ITAT-Provisions-Income-which-are-Treated-as-Income-from-Other-Sources-Taxscan.jpg "Provisions of Section 44AB not Applicable to Income which are Treated as Income from Other Sources: ITAT [Read Order]")
Failure to call for Mandate DVO report under Income Tax Act: ITAT sets aside order Discrediting Valuation Report of Assessee without Substantial Reason [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) set aside the order discrediting the valuation report of the assessee without substantial reason where there is a failure to call for the...
![Failure to call for Mandate DVO report under Income Tax Act: ITAT sets aside order Discrediting Valuation Report of Assessee without Substantial Reason [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Failure-call-Mandate-DVO-report-Income-Tax-Act-ITAT-order-Discrediting-Valuation-Report-Assessee-Substantial-Reason-TAXSCAN.jpg "Failure to call for Mandate DVO report under Income Tax Act: ITAT sets aside order Discrediting Valuation Report of Assessee without Substantial Reason [Read Order]")
Cash Deposits from earlier withdrawals cannot be Totally Disbelieved: ITAT allows Deduction on Cash Deposit[Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the cash deposits from earlier withdrawals cannot be totally disbelieved, thus, the bench allowed deduction on the cash...
![Cash Deposits from earlier withdrawals cannot be Totally Disbelieved: ITAT allows Deduction on Cash Deposit[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cash-Deposits-earlier-withdrawals-Totally-Disbelieved-ITAT-Deduction-Cash-Deposit-TAXSCAN.jpg "Cash Deposits from earlier withdrawals cannot be Totally Disbelieved: ITAT allows Deduction on Cash Deposit[Read Order]")
![Assessing officer cannot make Second Assessment on Same Issue on Same Assessment Year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessing-officer-cannot-make-Second-Assessment-on-Same-Issue-on-Same-Assessment-Year-ITAT-TAXSCAN.jpg "Assessing officer cannot make Second Assessment on Same Issue on Same Assessment Year: ITAT [Read Order]")
Penalty Imposed u/s 271(1)(c) of Income Tax Act on Ground of Concealment of Income in ROI: ITAT Deletes Penalty [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) deleted the penalty imposed by the assessing officer under section 271(1)(c) of the Income Tax Act,1961 on the ground of concealment of...
![Penalty Imposed u/s 271(1)(c) of Income Tax Act on Ground of Concealment of Income in ROI: ITAT Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-Income-Tax-Act-Income-Tax-Ground-of-Concealment-of-Income-in-ROI-Income-in-ROI-ROI-ITAT-Deletes-Penalty-ITAT-Penalty-Taxscan.jpg "Penalty Imposed u/s 271(1)(c) of Income Tax Act on Ground of Concealment of Income in ROI: ITAT Deletes Penalty [Read Order]")
Investment in ULIP Policy treated as “Capital Asset” u/s 2(14) of Income Tax Act, Accretion on Surrender of Policy Taxable under “Income from Capital Gains” & Not “Income from Other Sources”: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the investment in the Unit Linked Insurance Policy (ULIP) of Life Insurance Corporation of India (LIC) shall be treated as a...
Pre-clinical Laboratory Services Rendered by Non-resident to Customers in India would Not be Taxable in India: ITAT Quashes Assessment Order [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) quashed the assessment order passed by the assessing officer for calculating the tax amount for the pre-clinical laboratory services...
![Pre-clinical Laboratory Services Rendered by Non-resident to Customers in India would Not be Taxable in India: ITAT Quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Pre-clinical-Laboratory-Services-Rendered-Non-resident-Customers-India-Taxable-India-ITAT-Assessment-Order-TAXSCAN.jpg "Pre-clinical Laboratory Services Rendered by Non-resident to Customers in India would Not be Taxable in India: ITAT Quashes Assessment Order [Read Order]")