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![ITAT quashes Reopening of Assessment against Red Hat India [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-assessment-Red-Hat-India-Taxscan.jpg "ITAT quashes Reopening of Assessment against Red Hat India [Read Order]")
ITAT quashes Reopening of Assessment against Red Hat India [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench quashed reopening of assessment against Red Hat India. The assessee company, Red Hat...
![Refund of Advances made in preceding years cant be Deemed as Credit to attract Unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Refund-preceding-years-deemed-as-credit-S.68-IT-Act-ITAT-Taxscan.jpg "Refund of Advances made in preceding years cant be Deemed as Credit to attract Unexplained Cash Credit: ITAT [Read Order]")
![ITAT deletes addition against Union Minister, D. V. Sadananda Gowda [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Union-Minister-D.-V.-Sadananda-Gowda-Taxscan.jpeg "ITAT deletes addition against Union Minister, D. V. Sadananda Gowda [Read Order]")
![No Disallowance of Depreciation can be made if Invoice for Car Purchase could not be produced: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/disallowance-of-depreciation-invoice-car-purchase-ITAT-Taxscan-2.jpg "No Disallowance of Depreciation can be made if Invoice for Car Purchase could not be produced: ITAT [Read Order]")
![Staff Recruitment Expenses incurred by Hotel allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Staff-Recruitment-Expenses-Hotel-Business-Expenditure-ITAT-Taxscan.jpg "Staff Recruitment Expenses incurred by Hotel allowable as Business Expenditure: ITAT [Read Order]")
![ITAT allows Deduction u/s 80IA to a Developer paid by Government [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Deduction-80IA-developer-Government-Taxscan.jpg "ITAT allows Deduction u/s 80IA to a Developer paid by Government [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]")
No Retrospective Effect of Deduction u/s 54 restricted to only one Residential House by the Finance Act 2014: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the deduction under section 54 is restricted to only one residential house by the Finance Act 2014 is prospective in nature from...
![No Retrospective Effect of Deduction u/s 54 restricted to only one Residential House by the Finance Act 2014: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Deduction-residential-house-Finance-Act-ITAT-Taxscan.jpeg "No Retrospective Effect of Deduction u/s 54 restricted to only one Residential House by the Finance Act 2014: ITAT [Read Order]")
ITAT deletes disallowance on Medical Insurance Premium provided to Family Members of the Employees [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench deleted the disallowance on medical insurance premium of the family members of the employees. The assessee, Loesche India Pvt. Ltd. has...
![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]")
![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]")
![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]")
![ITAT deletes Addition of Rs.24.35 Cr on account of Unexplained Cash Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Unexplained-Cash-Credit-Taxscan.jpg "ITAT deletes Addition of Rs.24.35 Cr on account of Unexplained Cash Credit [Read Order]")