![Relief to UHDE India: ITAT deletes Addition of Rs. 63.09 Cr. as Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/UHDE-India-ITAT-Income-Taxscan.jpeg "Relief to UHDE India: ITAT deletes Addition of Rs. 63.09 Cr. as Income [Read Order]")
Relief to UHDE India: ITAT deletes Addition of Rs. 63.09 Cr. as Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the CIT(A) erred in confirming taxation of Rs.63.09 as income, in respect of...
![Deductions u/s. 10A, 10AA applicable on Profits of Business and not on Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Deductions-10A-10AA-business-income-from-other-sources-ITAT-Taxscan.jpg "Deductions u/s. 10A, 10AA applicable on Profits of Business and not on Income from Other Sources: ITAT [Read Order]")
![Order of AO accepting suo-moto disallowance for bonus can’t be held to be erroneous: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/AO-suo-moto-disallowance-bonus-ITAT-Taxscan.jpg "Order of AO accepting suo-moto disallowance for bonus can’t be held to be erroneous: 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]")
![ITAT deletes addition, since Loan Transaction was suspected without pointing any defect in Bank Transfer, Bank Statement of Money Lender [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/bank-transfer-1.jpg "ITAT deletes addition, since Loan Transaction was suspected without pointing any defect in Bank Transfer, Bank Statement of Money Lender [Read Order]")
![Interests from FDRs not to be assessed under Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interests-FDRs-Income-from-other-sources-ITAT-Delhi-Taxscan.jpg "Interests from FDRs not to be assessed under Income from Other Sources: ITAT [Read Order]")
ITAT deletes disallowance on Account of Interest Paid on Debit Balances of Capital Account with other firms [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench deleted the disallowance on account of interest paid on debit balances of capital account with other firms. The assessee, Rajesh Madanmohan...
![ITAT deletes disallowance on Account of Interest Paid on Debit Balances of Capital Account with other firms [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-disallowance-account-of-interest-paid-debit-balances-capital-account-firms-Taxscan.jpg "ITAT deletes disallowance on Account of Interest Paid on Debit Balances of Capital Account with other firms [Read Order]")
ITAT mistrusts Cash Gifts at the time of Marriage and Anniversary and Cash for Cancer Treatment [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench mistrusted the cash gifts at the time of marriage and anniversary and cash for cancer treatment. The assessee, Nineeta Singh is an...
![ITAT mistrusts Cash Gifts at the time of Marriage and Anniversary and Cash for Cancer Treatment [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/ITAT-cash-marriage-anniversary-cancer-treatment-Taxscan.jpg "ITAT mistrusts Cash Gifts at the time of Marriage and Anniversary and Cash for Cancer Treatment [Read Order]")
![Delhi High Court upholds Power to conduct Service Tax Audit [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Delhi-High-court-Service-Tax-Audit-Taxscan.jpg "Delhi High Court upholds Power to conduct Service Tax Audit [Read Judgment]")
![Assessee entitled for claim of Interest paid on Borrowed Capital: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-assessee-Interest-Taxscan.jpg "Assessee entitled for claim of Interest paid on Borrowed Capital: ITAT deletes Addition [Read Order]")
CBDT lays out Guidelines for Compulsory Selection of Returns for Complete Scrutiny under Faceless Assessment for FY 2020-21 [Read Circular]
The Central Board of Direct Taxes (CBDT) on Thursday prescribed broad parameters for compulsory selection of returns for complete scrutiny under faceless assessment for Financial Year 2020-21. The...
![CBDT lays out Guidelines for Compulsory Selection of Returns for Complete Scrutiny under Faceless Assessment for FY 2020-21 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/09/CBDT-compulsory-selection-complete-scrutiny-faceless-assessment-Taxscan.jpg "CBDT lays out Guidelines for Compulsory Selection of Returns for Complete Scrutiny under Faceless Assessment for FY 2020-21 [Read Circular]")
No Penalty If Assessee has reasonable cause for non-filing of Income Tax Return: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that no penalty under section 271F of the Income Tax Act, 1961 is leviable since the assessee was under an impression that the sale...
![No Penalty If Assessee has reasonable cause for non-filing of Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Income-Tax-Return-ITAT-Penalty-Income-Tax-Taxscan.jpg "No Penalty If Assessee has reasonable cause for non-filing of Income Tax Return: ITAT [Read Order]")