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CBDT notifies Income Tax Exemption to West Bengal Pollution Control Board u/s 10(46)Â
The Central Board of Direct Taxes (CBDT), vide notification no. S.O. 4703(E) issued on 26th October 2023 has notified the income tax exemption to...
![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]](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]](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]")
![No TDS on Interest from Bank Deposit for Scheduled Tribe Category: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/09/TDS-CBDT-Scheduled-Tribe-Interest-Taxscan.jpeg "No TDS on Interest from Bank Deposit for Scheduled Tribe Category: CBDT [Read Notification]")
Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]
The Madras High Court held that the interest on bank deposits is also eligible to be included in profits of 100% Export Oriented Unit (EOU) for claiming deduction under Section 10A or 10B of the...
![Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Interest-bank-deposits-EOU-profits-claiming-deduction-Taxscan.jpg "Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]")
![Mere Non-production of Parties won’t constitute ‘Concealment’: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Mere Non-production of Parties won’t constitute ‘Concealment’: ITAT deletes Penalty [Read Order]")
Interest from Bank Deposits prior to the period of Commencement of Business is Capital Receipt: ITAT Chandigarh [Read Order]
In a recent ruling, the ITAT Chandigarh held that the interest from Bank deposits prior to the period of commencement of the business is Capital receipt. It further allowed the assesses’ claim to set...
![Interest from Bank Deposits prior to the period of Commencement of Business is Capital Receipt: ITAT Chandigarh [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest from Bank Deposits prior to the period of Commencement of Business is Capital Receipt: ITAT Chandigarh [Read Order]")