![Relief to Bank of India: Taxes paid abroad will be allowed as Deduction in the Computation of Business Income, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Relief-to-Bank-of-India-Taxes-deduction-in-the-computation-business-income-ITAT-Taxscan.jpeg "Relief to Bank of India: Taxes paid abroad will be allowed as Deduction in the Computation of Business Income, rules ITAT [Read Order]")
Relief to Bank of India: Taxes paid abroad will be allowed as Deduction in the Computation of Business Income, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while accepting the claim of the Bank of India ruled that the taxes paid abroad will be...
![ITAT deletes disallowance on Medical Insurance Premium provided to Family Members of the Employees [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-disallowance-medical-insurance-premium-family-members-employees-Taxscan.jpeg "ITAT deletes disallowance on Medical Insurance Premium provided to Family Members of the Employees [Read Order]")
![Assessee unable to recollect Source of Income due to Memory Loss: ITAT confirms Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Source-of-Income-ITAT-Taxscan.jpg "Assessee unable to recollect Source of Income due to Memory Loss: ITAT confirms Addition [Read Order]")
![Gujarat HC allows re-opening of assessment as there was enough material before AO [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Re-Assessment-Information-from-Investigation-Jurisdiction-Gujarat-High-Court-Taxscan.jpg "Gujarat HC allows re-opening of assessment as there was enough material before AO [Read Judgment]")
![Setback for Toyota; ITAT dismisses allowability of Warranty Provisions [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Toyota-ITAT-Warranty-Provisions-Taxscan.jpg "Setback for Toyota; ITAT dismisses allowability of Warranty Provisions [Read Order]")
ITAT dismisses appeal by revenue citing ‘unnecessary litigation’; asks CBDT to take care in such appeals before filing [Read Order]
The Income Tax Appellate Tribunal (ITAT) New Delhi, has dismissed an appeal by the revenue finding it as an ‘unnecessary litigation’ and has asked the Central Board of Direct Taxes (CBDT) to take due...
![ITAT dismisses appeal by revenue citing ‘unnecessary litigation’; asks CBDT to take care in such appeals before filing [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-revenue-citing-unnecessary-litigation-CBDT-litigation-Taxscan.jpeg "ITAT dismisses appeal by revenue citing ‘unnecessary litigation’; asks CBDT to take care in such appeals before filing [Read Order]")
ITAT directs Assessing Officer to include only Investments yielding Dividend Income for Computing disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench directed the AO to include only investments yielding dividend income for computing disallowance. The assessee company, M/s Religare Securities...
![ITAT directs Assessing Officer to include only Investments yielding Dividend Income for Computing disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-investments-dividend-income-computing-disallowance-Taxscan.jpg "ITAT directs Assessing Officer to include only Investments yielding Dividend Income for Computing disallowance [Read Order]")
![CBDT issues Instructions regarding handling of Income-tax cases and Black Money cases [Read Instructions]](https://www.taxscan.in/wp-content/uploads/2021/03/CBDT-Instructions-regarding-Income-tax-cases-Black-Money-cases-taxscan.jpg "CBDT issues Instructions regarding handling of Income-tax cases and Black Money cases [Read Instructions]")
![Non-Compliance of Show Cause Notice not a valid ground for Imposition of Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Non-Compliance-show-cause-notice-penalty-ITAT-Taxscan.jpeg "Non-Compliance of Show Cause Notice not a valid ground for Imposition of Penalty: ITAT [Read Order]")
Relief to Mahindra: Madras High Court quashes Penalty for non-declarations of Concessional Rate of Tax in Registration Certificate [Read Order]
The Madras High Court quashed the penalty imposed on Mahindra for non-declarations of concessional rate of tax in registration certificate. The appellant dealer, Mahindra & Mahindra Ltd....
![Relief to Mahindra: Madras High Court quashes Penalty for non-declarations of Concessional Rate of Tax in Registration Certificate [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Mahindra-Madras-High-court-penalty-non-declarations-concessional-rate-of-tax-registration-certificate-Taxscan.jpg "Relief to Mahindra: Madras High Court quashes Penalty for non-declarations of Concessional Rate of Tax in Registration Certificate [Read Order]")
Setback to Tata Steel: ITAT refuses to grant stay on Recovery of Tax and Interest demands to Tune of Rs 1,223.83 cr [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench refused to grant stay on recovery of tax and interest demands to the Tune of Rs 1,223.83 crores. The assessee, Tata Steel has sought a stay...
![Setback to Tata Steel: ITAT refuses to grant stay on Recovery of Tax and Interest demands to Tune of Rs 1,223.83 cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Tata-Steel-ITAT-recovery-of-tax-interest-taxscan.jpg "Setback to Tata Steel: ITAT refuses to grant stay on Recovery of Tax and Interest demands to Tune of Rs 1,223.83 cr [Read Order]")
![ITAT deletes Capital Gain brought to tax under 50C [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Capital-Gain-Tax-50C-Taxscan.jpg "ITAT deletes Capital Gain brought to tax under 50C [Read Order]")