![Rental Income Shall be treated as Income from House Property, not Income from Other Sources: ITAT grants Relief to Piramal Enterprises [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Rental-Income-Income-from-House-Property-House-Property-ITAT-Piramal-Enterprises-taxscan.jpg "Rental Income Shall be treated as Income from House Property, not Income from Other Sources: ITAT grants Relief to Piramal Enterprises [Read Order]")
Rental Income Shall be treated as Income from House Property, not Income from Other Sources: ITAT grants Relief to Piramal Enterprises [Read Order]
In a recent decision, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted Piramal Enterprises relief by ruling that rental income...
![Transfer of FD of Deceased Husband during Demonetisation Period for purchase Agriculture plot: ITAT Remands matter to AO for verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Income-Tax-Demonetisation-Agriculture-Plot-Purchase-taxscan.jpg "Transfer of FD of Deceased Husband during Demonetisation Period for purchase Agriculture plot: ITAT Remands matter to AO for verification [Read Order]")
![Territorial Jurisdiction of AO is determined on basis of place where assessee Resides or Carries Business or Profession: ITAT allows appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Territorial-Jurisdiction-Jurisdiction-AO-Business-Profession-Territorial-Jurisdiction-of-AO-is-determined-on-basis-of-place-where-assessee-ITAT-taxscan.jpg "Territorial Jurisdiction of AO is determined on basis of place where assessee Resides or Carries Business or Profession: ITAT allows appeal [Read Order]")
![Wrong Indication of GSTIN: Madras HC quashes Denial of GST Input Tax Credit for GSTR-3B GSTR-2A Mismatch [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Madras-High-Court-Madras-HC-Input-Tax-Credit-GST-GSTIN-GSTR-3B-GSTR-3B-GSTR-2A-mismatch-correction-Taxscan.jpg "Wrong Indication of GSTIN: Madras HC quashes Denial of GST Input Tax Credit for GSTR-3B GSTR-2A Mismatch [Read Order]")
![AO Disallows System Developments Legal and Professional Charges as Capital Expenses: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/AO-System-Developments-Legal-and-Professional-Charges-Legal-and-Professional-Charges-taxscan.jpg "AO Disallows System Developments Legal and Professional Charges as Capital Expenses: ITAT Directs Re-adjudication [Read Order]")
ITAT nullifies AO's Attempt to Override Government Valuer's Fair Market Valuation Report in Piramal Enterprises Flat Sale [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) overturned the Assessing Officer's ( AO ) decision to disregard the fair market valuation report provided by a...
![ITAT nullifies AOs Attempt to Override Government Valuers Fair Market Valuation Report in Piramal Enterprises Flat Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-AO-Government-Valuers-Fair-Market-Valuation-Report-Piramal-Enterprises-taxscan.jpg "ITAT nullifies AOs Attempt to Override Government Valuers Fair Market Valuation Report in Piramal Enterprises Flat Sale [Read Order]")
Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]
In a recent decision, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has provided relief to Piramal Enterprises by instructing the Assessing Officer ( AO ) to reassess the...
![Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Relief-to-Piramal-Enterprises-Piramal-Enterprises-ITAT-AO-Re-adjudicate-taxscan.jpg "Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]")
Section 80P(2)(a)(i) Deduction under income Tax Act allowable on Interest Income from Mandatory Co-op Bank Investments under State Societies Act : ITAT [Read Order]
In a recent decision, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) determined that under Section 80P of the Income Tax Act, 1961, interest income from investments in cooperative...
![Section 80P(2)(a)(i) Deduction under income Tax Act allowable on Interest Income from Mandatory Co-op Bank Investments under State Societies Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-Act-Deduction-under-income-Tax-Act-Cooperative-Bank-Investments-State-Societies-Act-ITAT-Taxscan.jpg "Section 80P(2)(a)(i) Deduction under income Tax Act allowable on Interest Income from Mandatory Co-op Bank Investments under State Societies Act : ITAT [Read Order]")
Product Development Expenses shall be treated as Revenue Expenditure, eligible for Deduction: ITAT [Read Order]
In a significant decision, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that product development expenses should be classified as revenue expenditure and are eligible for...
![Product Development Expenses shall be treated as Revenue Expenditure, eligible for Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Product-Development-TAXSCAN.jpg "Product Development Expenses shall be treated as Revenue Expenditure, eligible for Deduction: ITAT [Read Order]")
![Tea Saplings not Taxable under Bengal Agriculture Income Tax Act: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/The-Calcutta-High-Court-Income-Tax-Tea-Saplings-Bengal-Agriculture-TAXSCAN.jpg "Tea Saplings not Taxable under Bengal Agriculture Income Tax Act: Calcutta HC [Read Order]")
![AO and CIT (A) ignores Cash Deposit Evidences: ITAT deletes addition u/s 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/AO-CIT-A-ITAT-addition-AO-and-CIT-A-Ignores-Cash-Deposit-Evidences-taxscan.jpg "AO and CIT (A) ignores Cash Deposit Evidences: ITAT deletes addition u/s 69A [Read Order]")