![Claim of FTC cant be disallowed merely on delay in filing Form 67: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Claim-of-FTC-disallowed-merely-delay-in-filing-Form-67-ITAT-Taxscan.jpg "Claim of FTC cant be disallowed merely on delay in filing Form 67: ITAT [Read Order]")
Claim of FTC can't be disallowed merely on delay in filing Form 67: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the Claim of Foreign Tax Credit( FTC) can't be disallowed merely on delay...
![ITAT allows TDS Credit for Assessment Year for Which Income is Assessable [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Income-Tax-TDS-Credit-TDS-Assessment-Year-Income-taxscan-.jpg "ITAT allows TDS Credit for Assessment Year for Which Income is Assessable [Read Order]")
![TDS Credit shall be given for the Assessment Year for which Income is Assessable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/TDS-Credit-TDS-Income-Income-Tax-ITAT-Taxscan.jpg "TDS Credit shall be given for the Assessment Year for which Income is Assessable: ITAT [Read Order]")
![Year of substantial expansion is initial Assessment Year within 10 years for claiming Deduction u/s 80-IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessment-Year-Deduction-ITAT-taxscan.jpeg "Year of substantial expansion is initial Assessment Year within 10 years for claiming Deduction u/s 80-IC: ITAT [Read Order]")
![Deletion of Disallowance u/s 40(a) not valid in the Absence of Verification on Inclusion of Amount in Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-Income-ITAT-taxscan.jpg "Deletion of Disallowance u/s 40(a) not valid in the Absence of Verification on Inclusion of Amount in Income: ITAT [Read Order]")
Advance given to Subsidiary Company for the Purpose of Business to be allowed as Loss Incidental to Business: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench, has, in a recent appeal filed before it, held that advance given to a subsidiary company for the purpose of business is to be allowed as...
![Advance given to Subsidiary Company for the Purpose of Business to be allowed as Loss Incidental to Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Advance-Subsidiary-Company-Loss-Business-ITAT.jpg "Advance given to Subsidiary Company for the Purpose of Business to be allowed as Loss Incidental to Business: ITAT [Read Order]")
Income Tax Return filing Due Date is Nearby: Know the Penalty / Interest Consequences of Missing the Deadline
Income tax return filing is the talk of the town nowadays as the last date for filing the return is on 31st July 2022. According to Section 139 of the Income-Tax Act, 1961, the due date for filing...
Bombay HC upholds ITAT Order to Allow Pro-Rata Deduction to Eligible Undertaking Developing and Building Approved Housing Projects u/S 80IB(10) [Read Order]
A division bench of the Bombay High Court comprising Justice Dhiraj Singh Thakur and Justice Abhay Ahuja has upheld an order of the Mumbai ITAT allowing directing the Assessing Officer to work-out...
![Bombay HC upholds ITAT Order to Allow Pro-Rata Deduction to Eligible Undertaking Developing and Building Approved Housing Projects u/S 80IB(10) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Bombay-HC-Pro-Rata-Deduction-Housing-Projects-taxscan.jpeg "Bombay HC upholds ITAT Order to Allow Pro-Rata Deduction to Eligible Undertaking Developing and Building Approved Housing Projects u/S 80IB(10) [Read Order]")
CBDT issues Circular regarding filing of Condonation of Delay in filing Form 9A and Form 10 [Read Circular]
The Central Board of Direct Taxes (CBDT) has issued a Circular in relation to a circular authorizing the Commissioners of Income-tax to admit applications of condonation of delay in filing Form No....
![CBDT issues Circular regarding filing of Condonation of Delay in filing Form 9A and Form 10 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/07/CBDT-Circular-Condonation-of-Delay-taxscan.jpg "CBDT issues Circular regarding filing of Condonation of Delay in filing Form 9A and Form 10 [Read Circular]")
![CBDT notifies New Application Form to Defer Appeal filing in Identical Cases [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/07/CBDT-Application-Form-Identical-Cases-taxascan.jpeg "CBDT notifies New Application Form to Defer Appeal filing in Identical Cases [Read Notification]")
Non-Issuance of Re-Assessment Notice within prescribed Time: Madras HC quashes Proceedings [Read Order]
The Madras High Court quashed proceedings holding, non-issuance of re assessment notice within prescribed time. In the writ petition, the appellant, Smt. Parveen Amin Bhathara sought to quash the...
![Non-Issuance of Re-Assessment Notice within prescribed Time: Madras HC quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Madras-High-Court-Re-Assessment-Notice-Madras-HC-taxscan.jpeg "Non-Issuance of Re-Assessment Notice within prescribed Time: Madras HC quashes Proceedings [Read Order]")
Speculative Transaction through Broker without Purchase of Share: ITAT deletes Addition on Purchase of Shares and Commission Expenditure [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that speculative transaction through a broker without the purchase of share and deletes addition on purchase of shares and commission...
![Speculative Transaction through Broker without Purchase of Share: ITAT deletes Addition on Purchase of Shares and Commission Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Speculative-Transaction-Broker-ITAT-Purchase-of-Shares-Commission-Expenditure-Taxscan.jpeg "Speculative Transaction through Broker without Purchase of Share: ITAT deletes Addition on Purchase of Shares and Commission Expenditure [Read Order]")