![Not Every Bank Deposit constitutes Income: ITAT remands Agriculturists Unexplained Cash Deposit Matter for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Bank-Deposit-Constitutes-Income-ITAT-ITAT-Remands-Unexplained-Cash-Deposit-Reconsideration-taxable-income-unexplained-cash-deposits-Commissioner-of-Income-Tax-CIT-Taxscan.jpg "Not Every Bank Deposit constitutes Income: ITAT remands Agriculturists Unexplained Cash Deposit Matter for Reconsideration [Read Order]")
Not Every Bank Deposit constitutes Income: ITAT remands Agriculturist's Unexplained Cash Deposit Matter for Reconsideration [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that not all bank deposits could be presumed as taxable income and remanded...
![Kerala Co-operative Deposit Guarantee Fund Board exempted from Income Tax u/s 10(46): CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Income-Tax-Act-CBDT-kerala-co-operative-deposit-guarantee-fund-board-taxscan.jpg "Kerala Co-operative Deposit Guarantee Fund Board exempted from Income Tax u/s 10(46): CBDT [Read Notification]")
![CBDT notifies Income Tax Exemption to “Tamil Nadu Water Supply and Drainage Board, Chennai” u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/05/CBDT-Chennai-Under-Section-1046-of-Income-Tax-Act-Income-Tax-Act-The-Central-Board-of-Direct-Taxes-Taxscan.jpg "CBDT notifies Income Tax Exemption to “Tamil Nadu Water Supply and Drainage Board, Chennai” u/s 10(46) [Read Notification]")
![CBDT grants Income Tax Exemption to Tamil Nadu Electricity Regulatory Commission u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/05/CBDT-Central-Board-of-Direct-Taxes-Income-Tax-Exemption-Tamil-Nadu-Electricity-Regulatory-Commission-taxscan.jpg "CBDT grants Income Tax Exemption to Tamil Nadu Electricity Regulatory Commission u/s 10(46) [Read Notification]")
CBDT notifies Income Tax Exemption to Karnataka State Rural Livelihood Promotion Society u/s 10(46) [Read Notification]
The Central Board of Direct Taxes (CBDT), vide notification no. S.O. 41(E) dated 2nd January 2024 has notified the income tax exemption to Karnataka State Rural Livelihood Promotion Society under the...
![CBDT notifies Income Tax Exemption to Karnataka State Rural Livelihood Promotion Society u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/01/CBDT-Income-Tax-Exemption-Karnataka-State-Rural-Livelihood-Promotion-Society-Income-Tax-TAXSCAN.jpg "CBDT notifies Income Tax Exemption to Karnataka State Rural Livelihood Promotion Society u/s 10(46) [Read Notification]")
![CBDT Grants Income Tax Exemption to Maharashtra Council of Homoeopathy u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/11/Income-Tax-Exemption-Maharashtra-Council-of-Homoeopathy-Homoeopathy-Tax-Exemption-News-Homoeopathy-Tax-Exemption-TAXSCAN.jpg "CBDT Grants Income Tax Exemption to Maharashtra Council of Homoeopathy u/s 10(46) [Read Notification]")
Telangana Building and Other Construction Workers Welfare Board exempted from Income Tax u/s 10(46); Notifies CBDT [Read Notification]
The Central Board of Direct Taxes (CBDT), vide notification no.S.O. 4374(E) issued on 36th October 2023 has notified the income tax exemption to ‘Building and Other Construction Workers Welfare...
![Telangana Building and Other Construction Workers Welfare Board exempted from Income Tax u/s 10(46); Notifies CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/10/Telangana-Building-Construction-Workers-Welfare-Board-exempted-Income-Tax-Notifies-CBDT-TAXSCANN.jpg "Telangana Building and Other Construction Workers Welfare Board exempted from Income Tax u/s 10(46); Notifies CBDT [Read Notification]")
Bonafide Belief of Interest Income on Bank Deposits Eligible for Deduction u/s 80P : ITAT Deletes Penalty u/s 271(1)(c) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 271(1)(c) of the Income Tax Act 1961, as the assessee had the bonafide belief of interest income on...
![Bonafide Belief of Interest Income on Bank Deposits Eligible for Deduction u/s 80P : ITAT Deletes Penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Income-on-Bank-Deposits-Interest-Income-Bank-Deposits-Deduction-ITAT-ITAT-Deletes-Penalty-Penalty-taxscan.jpg "Bonafide Belief of Interest Income on Bank Deposits Eligible for Deduction u/s 80P : ITAT Deletes Penalty u/s 271(1)(c) [Read Order]")
Interest Income Derived from the Business of Manufacturing and Export of Rice is Eligible for Deduction u/s 10B of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT)has recently held that interest income derived from the business of manufacturing and export of rice is eligible for deduction under Section...
![Interest Income Derived from the Business of Manufacturing and Export of Rice is Eligible for Deduction u/s 10B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-Derived-from-the-Business-of-Manufacturing-and-Export-of-Rice-Interest-Income-Interest-Income-Derived-from-the-Business-Manufacturing-and-Export-of-Rice-Income-Tax-Act-ITAT-Taxscan.jpg "Interest Income Derived from the Business of Manufacturing and Export of Rice is Eligible for Deduction u/s 10B of Income Tax Act: ITAT [Read Order]")
TDS on Interest on Bank Deposit cannot be denied due to Non-Submission of Statement by Wife while Clubbing Income: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that Tax Deduction at Source on interest on bank deposit could not be denied due to non-submission of statement by wife while clubbing...
![TDS on Interest on Bank Deposit cannot be denied due to Non-Submission of Statement by Wife while Clubbing Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/TDS-TDS-on-Interest-Bank-Deposit-Non-Submission-of-Statement-Wife-Clubbing-Income-Income-ITAT-Income-Tax-taxscan.jpg "TDS on Interest on Bank Deposit cannot be denied due to Non-Submission of Statement by Wife while Clubbing Income: ITAT [Read Order]")