![Receipts from Unknown Sources Taxable as Other Income: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/other-income-ITAT-Unknown-Sources-Taxscan.jpg "Receipts from Unknown Sources Taxable as Other Income: ITAT upholds Addition [Read Order]")
Receipts from Unknown Sources Taxable as 'Other Income': ITAT upholds Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore, has ruled that unexplained deposit into bank account are taxable as “other income” under section...
![Interest Payments to Associate members by Credit Co-operative Society eligible for Exemption u/s 194A(3)(v): ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-Payments-Associate-members-Credit-Co-operative-Society-exemption-ITAT-Taxscan.jpeg "Interest Payments to Associate members by Credit Co-operative Society eligible for Exemption u/s 194A(3)(v): ITAT deletes Addition [Read Order]")
![Interest Expenses claimed by Partners relating to their Professional Activities are allowed Expenses: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-Expenses-partners-relating-professional-activities-allowed-expenses-ITAT-Taxscan.jpg "Interest Expenses claimed by Partners relating to their Professional Activities are allowed Expenses: ITAT deletes Addition [Read Order]")
![Nazareth Hospital Society case: ITAT finds Educational Donation ultra vires to Trust objective, rules non-eligibility for exemption u/s 11(1)(a) [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Nazareth-Hospital-Society-ITAT-Educational-Donation-Trust-objective-exemption-Taxscan.jpg "Nazareth Hospital Society case: ITAT finds Educational Donation ultra vires to Trust objective, rules non-eligibility for exemption u/s 11(1)(a) [Read Order]")
Relief to Congress Leader N A Haris: ITAT directs AO to Re-Assess Income earned from FDs by examining Bank Statements [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench directed the AO to bring on tax correct income earned from Fixed Deposits by examining bank statements. The assessee, N.A. Haris contended...
![Relief to Congress Leader N A Haris: ITAT directs AO to Re-Assess Income earned from FDs by examining Bank Statements [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-tax-correct-income-earned-FDs-examining-bank-statements-Taxscan.jpeg "Relief to Congress Leader N A Haris: ITAT directs AO to Re-Assess Income earned from FDs by examining Bank Statements [Read Order]")
Order passed without granting Personal Hearing violates principles of natural justice: Madras HC remands matter back to AO [Read Order]
The Madras High Court remanded the matter to the AO for fresh consideration. The petitioner is directed to submit their reply to the show-cause notice within a period of 6 weeks. The petitioner,...
![Order passed without granting Personal Hearing violates principles of natural justice: Madras HC remands matter back to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Order-passed-Personal-Hearing-violates-principles-natural-justice-Madras-High-court-AO-Taxscan.jpeg "Order passed without granting Personal Hearing violates principles of natural justice: Madras HC remands matter back to AO [Read Order]")
Relief to Vascular Concepts Ltd: ITAT deletes disallowance of Business Promotion Expenses [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench deleted the disallowance of business promotion expenses. The appellant, M/s. Vascular Concepts Limited challenged the notice issued under...
![Relief to Vascular Concepts Ltd: ITAT deletes disallowance of Business Promotion Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-business-promotion-expenses-Taxscan.jpg "Relief to Vascular Concepts Ltd: ITAT deletes disallowance of Business Promotion Expenses [Read Order]")
Relief to Dabur: Option money is Capital Receipt requires an adjustment only at the time of Transfer of Shares, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi held that the option money received by the assessee is capital receipt which requires an adjustment only at the time of transfer of the shares by Dabur...
![Relief to Dabur: Option money is Capital Receipt requires an adjustment only at the time of Transfer of Shares, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Dabur-money-Capital-Receipt-adjustment-Transfer-of-Shares-ITAT-taxscan.jpg "Relief to Dabur: Option money is Capital Receipt requires an adjustment only at the time of Transfer of Shares, rules ITAT [Read Order]")
![ITAT: Department cannot take up a new issue while filing Cross Objection [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Department-filing-Cross-Objection-Taxscan.jpg "ITAT: Department cannot take up a new issue while filing Cross Objection [Read Order]")
![Gain on Sale of Land is ‘Capital Gain’, liable for Deductions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Gain-on-Sale-of-Land-Capital-Gain-Deductions-ITAT-Taxscan.jpg "Gain on Sale of Land is ‘Capital Gain’, liable for Deductions: ITAT [Read Order]")
GST: Final Order to be passed is in FORM GST ASMT -13 whereas FORM GST DRC-07 is only a summary, rules Kerala High Court [Read Judgment]
The Kerala High Court held that the final Order to be passed is in FORM GST ASMT -13 whereas FORM GST DRC-07 is only a summary. The petitioner, Hash Constructions challenged the appellate order...
![GST: Final Order to be passed is in FORM GST ASMT -13 whereas FORM GST DRC-07 is only a summary, rules Kerala High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/GST-FORM-GST-ASMT-1-FORM-GST-DRC-07-Kerala-High-Court-Taxscan.jpeg "GST: Final Order to be passed is in FORM GST ASMT -13 whereas FORM GST DRC-07 is only a summary, rules Kerala High Court [Read Judgment]")