![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]")
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...
![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]](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]")
![Securities Premium cant be Taxed as Other Income u/s 56(2)(viib) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Delhi-Securities-Premium-Tax-Other-Income-Income-Tax-Act-ITAT-taxscan.jpeg "Securities Premium cant be Taxed as Other Income u/s 56(2)(viib) of Income Tax Act: ITAT [Read Order]")
![Non-Filing of Audit Report due to Virus Attack in System: ITAT Condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Non-filing-Audit-Report-Virus-Attack-ITAT-Condones-Delay-taxscan.jpeg "Non-Filing of Audit Report due to Virus Attack in System: ITAT Condones Delay [Read Order]")
Section 80A(5) cannot be invoked for denying Deduction u/s 80P even if ITR is not filed: ITAT [Read Order]
The Section 80A (5) cannot be invoked for denying deduction under Section 80P even if Income Tax Return was not filed, so was held by the Income Tax Appellate Tribunal (ITAT), Bangalore. The...
![Section 80A(5) cannot be invoked for denying Deduction u/s 80P even if ITR is not filed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/deduction-ITR-ITAT-taxscan.jpeg "Section 80A(5) cannot be invoked for denying Deduction u/s 80P even if ITR is not filed: ITAT [Read Order]")
Adjustment by way of Computer generated Automated Message u/s 143(l)(a) is a Debatable Issue: ITAT rejects Plea [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that adjustment by way of computer-generated automated message under section 143(l)(a) is a debatable issue and rejects plea. ...
![Adjustment by way of Computer generated Automated Message u/s 143(l)(a) is a Debatable Issue: ITAT rejects Plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Adjustment-Computer-Debatable-Issue-ITAT-taxscan.jpeg "Adjustment by way of Computer generated Automated Message u/s 143(l)(a) is a Debatable Issue: ITAT rejects Plea [Read Order]")
PCIT Fails to Mention as to How Assessment Order was Erroneous and Prejudicial to Interest of Revenue: ITAT sets aside Order issued u/s 263 [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal has held that Principal Commissioner of Income Tax (PCIT) fails to mention as to how assessment order was erroneous and prejudicial to interest of...
![PCIT Fails to Mention as to How Assessment Order was Erroneous and Prejudicial to Interest of Revenue: ITAT sets aside Order issued u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/PCIT-Assessment-Order-Interest-Revenue-ITAT-taxcan.jpeg "PCIT Fails to Mention as to How Assessment Order was Erroneous and Prejudicial to Interest of Revenue: ITAT sets aside Order issued u/s 263 [Read Order]")