![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]")
TDS Credit shall be given for the Assessment Year for which Income is Assessable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that TDS credit shall be given to the deductee for the assessment year for which such...
![‘Non Saleable Area’ in Real Estate Projects not amounts to Suppression of Closing Stock, Addition not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Addition-Non-Saleable-Area-Real-Estate-Projects-Stock-Suppression-Closing-Stock-taxscan.jpg "‘Non Saleable Area’ in Real Estate Projects not amounts to Suppression of Closing Stock, Addition not permissible: ITAT [Read Order]")
![AO cant make Addition beyond an issue which are not part of the reasons for Limited Scrutiny: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/AO-Addition-Limited-Scrutiny-ITAT-Income-Tax-taxscan.jpg "AO cant make Addition beyond an issue which are not part of the reasons for Limited Scrutiny: ITAT [Read Order]")
![TDS on Rent and CAM Charges to be Charged Separately: ITAT Allows Plea by KFC Owner Yum Restaurants India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TDS-Rent-CAM-ITAT-KFC-Yum-Restaurants-India-taxscan.jpg "TDS on Rent and CAM Charges to be Charged Separately: ITAT Allows Plea by KFC Owner Yum Restaurants India [Read Order]")
![No Penalty u/s 271C when delay in Filing Appeal occurred due to Ambiguity on direction contained in Statutory Document: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Penalty-appeal-statutory-document-ITAT-taxscan.jpeg "No Penalty u/s 271C when delay in Filing Appeal occurred due to Ambiguity on direction contained in Statutory Document: ITAT [Read Order]")
Assessee Failed to Appear before Income Tax Authorities on 8 Occasions: ITAT imposes Cost of Rs. 10,000 [Read Order]
The Income-tax Appellate Tribunal (ITAT), Delhi bench has imposed a cost of Rs. 10,000 on the assessee observing that the latter failed to appear before the first appellate authority on eight...
![Assessee Failed to Appear before Income Tax Authorities on 8 Occasions: ITAT imposes Cost of Rs. 10,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Assessee-Income-Tax-Authorities-ITAT-Occasions-Taxscan.jpg "Assessee Failed to Appear before Income Tax Authorities on 8 Occasions: ITAT imposes Cost of Rs. 10,000 [Read Order]")
Money cannot be treated as 'Unaccounted' merely because of Non-Response from Creditors: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, while deleting penalty under section 271(1)(c) of the Income Tax Act, 1961 has held that the money cannot be treated as ‘unaccounted’ merely...
![Money cannot be treated as Unaccounted merely because of Non-Response from Creditors: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Money-Unaccounted-Non-Response-Creditors-ITAT-Penalty-Taxscan.jpeg "Money cannot be treated as Unaccounted merely because of Non-Response from Creditors: ITAT deletes Penalty [Read Order]")
Capital Gain Exemption allowable Even If Amount invested in CG Account utilized for Purchase of New House without NOC within 2 Years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the capital gain exemption under section 54 of the Income Tax Act, 1961 cannot be denied on the sole ground that the amount...
![Capital Gain Exemption allowable Even If Amount invested in CG Account utilized for Purchase of New House without NOC within 2 Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Capital-Gain-Exemption-CG-Account-Purchase-NOC-ITAT-taxscan.jpeg "Capital Gain Exemption allowable Even If Amount invested in CG Account utilized for Purchase of New House without NOC within 2 Years: ITAT [Read Order]")
Expenditure resulting in Income or Substantial Income not necessary for granting Deduction for Business Purpose: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has held that, Expenditure resulting in income or substantial income not necessary for granting deduction for business purposes. The assessee, M/s....
![Expenditure resulting in Income or Substantial Income not necessary for granting Deduction for Business Purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Expenditure-income-substantial-income-deduction-business-ITAT-Taxscan.jpg "Expenditure resulting in Income or Substantial Income not necessary for granting Deduction for Business Purpose: ITAT [Read Order]")
Capital Gain Exemption u/s 54B cannot be claimed for Agricultural Land purchased in Wife’s Name: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under section 54B of the Income Tax Act, 1961 cannot be claimed for the agricultural land...
![Capital Gain Exemption u/s 54B cannot be claimed for Agricultural Land purchased in Wife’s Name: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Capital-Gain-Exemption-Agricultural-Land-purchased-Wifes-Name-ITAT-taxscan.jpeg "Capital Gain Exemption u/s 54B cannot be claimed for Agricultural Land purchased in Wife’s Name: ITAT [Read Order]")
Income Received under FPS introduced under Foreign Trade Policy 2004 are Capital Receipts, attracts Deduction u/s 80IC: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that income received under Focus Products Scheme (FPS) introduced under Foreign Trade Policy 2004 are capital receipts and attracts...
![Income Received under FPS introduced under Foreign Trade Policy 2004 are Capital Receipts, attracts Deduction u/s 80IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-FPS-Foreign-Trade-Policy-Capital-Receipts-Deduction-ITAT-taxscan.jpg "Income Received under FPS introduced under Foreign Trade Policy 2004 are Capital Receipts, attracts Deduction u/s 80IC: ITAT [Read Order]")
Relief to Ecocat India: ITAT allows Income Tax Deduction towards In-House Research and Developments [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi grants relief to Ecocat India Pvt Limited by allowing tax deduction toward in-house research and developments. The company is engaged in...
![Relief to Ecocat India: ITAT allows Income Tax Deduction towards In-House Research and Developments [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Relief-to-Ecocat-India-ITAT-Income-Tax-Deduction-house-research-developments-taxscan.jpg "Relief to Ecocat India: ITAT allows Income Tax Deduction towards In-House Research and Developments [Read Order]")