![CBDT notifies new Income Tax Form 15E and Rule 29BA [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/CBDT-new-Income-Tax-Form-15E-Rule-29BA-Taxscan.jpg "CBDT notifies new Income Tax Form 15E and Rule 29BA [Read Notification]")
CBDT notifies new Income Tax Form 15E and Rule 29BA [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the new Income Tax Form 15E and Rule 29BA for application for grant of certificate for...
![No Addition in absence of Incriminating Material during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/incriminating-material-search-ITAT-Taxscan.jpg "No Addition in absence of Incriminating Material during Search: ITAT [Read Order]")
![Scrutiny Assessment can’t be framed in absence of a Valid Notice, omission to issue notice, not a curable defect: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Scrutiny-assessment-valid-notice-omission-issue-notice-curable-defect-ITAT-Taxscan.jpeg "Scrutiny Assessment can’t be framed in absence of a Valid Notice, omission to issue notice, not a curable defect: ITAT [Read Order]")
![ITAT refuses to delete Addition of Rs.27.39 Crores as Taxable Long Term Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-long-term-capital-gain-Taxscan.jpeg "ITAT refuses to delete Addition of Rs.27.39 Crores as Taxable Long Term Capital Gain [Read Order]")
![Information discovered during Search, If capable of generating satisfaction for issuing a Notice can’t altogether become irrelevant for further Action: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Information-during-search-issuing-a-notice-ITAT-Taxscan.jpg "Information discovered during Search, If capable of generating satisfaction for issuing a Notice can’t altogether become irrelevant for further Action: ITAT [Read Order]")
![ITAT deletes Addition on account of Deemed Dividend [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/deemed-dividend-ITAT-deletes-addition-account-Taxscan.jpg "ITAT deletes Addition on account of Deemed Dividend [Read Order]")
Peak Credit Theory to be considered before treating the Cash Deposit as Unexplained Cash Credits: ITAT remits matter back to AO [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while directing the matter to the file of Assessing Officer, observed that additional evidence showing the withdrawals and deposits of cash...
![Peak Credit Theory to be considered before treating the Cash Deposit as Unexplained Cash Credits: ITAT remits matter back to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Peak-Credit-Theory-Cash-Deposit-Unexplained-Cash-Credits-ITAT-AO-Taxscan.jpg "Peak Credit Theory to be considered before treating the Cash Deposit as Unexplained Cash Credits: ITAT remits matter back to AO [Read Order]")
Taxability of Commission/Bonus to Employee: Madras High Court allows Deduction u/s 36(1)(ii) of the Income Tax Act [Read Judgment]
The Madras High Court, while hearing an appeal regarding the taxability of commission/bonus paid to the employees under deduction under section 36(1)(ii) of the Income Tax Act, has allowed relief to...
![Taxability of Commission/Bonus to Employee: Madras High Court allows Deduction u/s 36(1)(ii) of the Income Tax Act [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Taxability-of-Commission-Bonus-to-Employee-Madras-High-Court-deduction-Income-Tax-Act-taxscan.jpg "Taxability of Commission/Bonus to Employee: Madras High Court allows Deduction u/s 36(1)(ii) of the Income Tax Act [Read Judgment]")
![ITAT restricts the disallowance to the Accommodation entries [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-disallowance-accommodation-entries-Taxscan.jpg "ITAT restricts the disallowance to the Accommodation entries [Read Order]")
Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench ruled that excess expenditure incurred by trust in earlier assessment year could be allowed to be set off against income of subsequent years. ...
![Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/expenditure-trust-assessment-year-income-of-subsequent-years-ITAT-Taxscan.jpg "Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]")
ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench directed AO to allow expenditure incurred at Head Office except for director salary against interest income. The assessee, M/s. The...
![ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-expenditure-interest-income-Taxscan.jpg "ITAT directs AO to allow Expenditure incurred at Head Office except director Salary against Interest Income [Read Order]")
Tribunal erred in upholding Disallowance of Commission Payment as no document was considered: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the tribunal erred in upholding the disallowance of commission payment as no document was considered. The assessee, Paresh V. Shah...
![Tribunal erred in upholding Disallowance of Commission Payment as no document was considered: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Tribunal-disallowance-of-commission-payment-ITAT-Taxscan.jpeg "Tribunal erred in upholding Disallowance of Commission Payment as no document was considered: ITAT [Read Order]")