![Activity of providing relief to the poor being Charitable in Nature cannot be Denied Exemption in a Corporate World: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Activity-providing-relief-poor-being-Charitable-Nature-Denied-Exemption-Corporate-World-ITAT-TAXSCAN.jpg "Activity of providing relief to the poor being Charitable in Nature cannot be Denied Exemption in a Corporate World: ITAT [Read Order]")
Activity of providing relief to the poor being Charitable in Nature cannot be Denied Exemption in a Corporate World: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that activity being charitable in nature towards general public utility cannot...
![Compensation Amount Unrelated to Sale Cost Cannot be Treated as Capital Expenditure u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Compensation-Amount-Unrelated-Sale-Cost-Treated-Capital-Expenditure-ITAT-taxscan.jpg "Compensation Amount Unrelated to Sale Cost Cannot be Treated as Capital Expenditure u/s 37: ITAT [Read Order]")
![Receipts from Sale of land used for Agricultural purposes by Assessee engaged in Agricultural Operations not liable for Tax as Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Receipts-Sale-land-agricultural-assessee-agricultural-operations-tax-Capital-Gains-ITAT-TAXSCAN.jpg "Receipts from Sale of land used for Agricultural purposes by Assessee engaged in Agricultural Operations not liable for Tax as Capital Gains: ITAT [Read Order]")
![Receipt of IUC Charges by Telefonica from Indian customers /end users cannot be taxed as Royalty / FTS under Section 9(1)(vi)/(vii) of Income Tax Act and India-Spain DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Receipt-IUC-Receipt-of-IUC-Charges-IUC-Charges-Telefonica-India-Spain-DTAA-taxscan.jpg "Receipt of IUC Charges by Telefonica from Indian customers /end users cannot be taxed as Royalty / FTS under Section 9(1)(vi)/(vii) of Income Tax Act and India-Spain DTAA: ITAT [Read Order]")
![Interest Income earned from Deposits made on other Cooperatives Banks are eligible for deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-income-earned-Deposits-Cooperatives-Banks-eligible-deduction-TAXSCAN.jpeg "Interest Income earned from Deposits made on other Cooperatives Banks are eligible for deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]")
Revenue Expenditure incurred for Scientific Research allowable as deduction u/s 37 of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore bench held that revenue expenditure incurred for the scientific research is allowed as deduction under Section 37 of the Income Tax Act, 1961.The...
![Revenue Expenditure incurred for Scientific Research allowable as deduction u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Revenue-Revenue-Expenditure-Revenue-Expenditure-incurred-for-Scientific-Research-taxscan.jpg "Revenue Expenditure incurred for Scientific Research allowable as deduction u/s 37 of Income Tax Act: ITAT [Read Order]")
Concessional Rate u/s 115 not Applicable when Money Deposited in Indian Rupees and not in Foreign Exchange Currency: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that the concessional rate under Section 115 of the Income Tax Act 1961 is not applicable when the money deposited is in Indian...
![Concessional Rate u/s 115 not Applicable when Money Deposited in Indian Rupees and not in Foreign Exchange Currency: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Concessional-Rate-Money-Deposited-in-Indian-Rupees-Foreign-Exchange-Currency-ITAT-TAXSCAN.jpg "Concessional Rate u/s 115 not Applicable when Money Deposited in Indian Rupees and not in Foreign Exchange Currency: ITAT [Read Order]")
Delay in Payment of Employer's Contribution is not lost on basis of deferment of Deduction on Payment basis u/s.43B: ITAT dismisses plea regarding Delay of Payment during COVID [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal held that any failure to pay within the prescribed due date under the respective PF Act or Scheme will result in negating employer's claim for...
![Delay in Payment of Employers Contribution is not lost on basis of deferment of Deduction on Payment basis u/s.43B: ITAT dismisses plea regarding Delay of Payment during COVID [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Delay-payment-deferment-deduction-payment-ITAT-plea-delay-payment-COVID-TAXSCAN.jpg "Delay in Payment of Employers Contribution is not lost on basis of deferment of Deduction on Payment basis u/s.43B: ITAT dismisses plea regarding Delay of Payment during COVID [Read Order]")
Relief to Wipro: ITAT Quashes Order of AO Disallowing Interest Expenditure and Orders Re-computation of Deduction u/s 10AA of Income Tax Act [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to delete the disallowance under Section 115BBD of the Income Tax Act, 1961 and to recompute the...
![Relief to Wipro: ITAT Quashes Order of AO Disallowing Interest Expenditure and Orders Re-computation of Deduction u/s 10AA of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Relief-Wipro-ITAT-AO-Disallowing-Interest-Expenditure-Orders-Re-computation-Deduction-Income-Tax-Act-TAXSCAN.jpg "Relief to Wipro: ITAT Quashes Order of AO Disallowing Interest Expenditure and Orders Re-computation of Deduction u/s 10AA of Income Tax Act [Read Order]")
ÂÂITAT Deletes Addition made by AO on Ground of Joint Account Income cannot be Considered as Unexplained Money u/s 69A of Income Tax Act [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition made by the assessing officer on the ground of joint account income does not considered as unexplained income under...
![ÂÂITAT Deletes Addition made by AO on Ground of Joint Account Income cannot be Considered as Unexplained Money u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deletes-Addition-made-by-AO-on-Ground-of-Joint-Account-Income-cannot-be-Considered-as-Unexplained-Money-Income-Tax-Act-TAXSCAN.jpg "ÂÂITAT Deletes Addition made by AO on Ground of Joint Account Income cannot be Considered as Unexplained Money u/s 69A of Income Tax Act [Read Order]")
Penalty Imposed u/s 272A(1)(d) of Income Tax Act without Giving Proper Opportunity to Assessee: ITAT Deletes Penalty [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) deleted the penalty imposed under section 272A(1)(d) of the Income Tax Act,1961 without giving proper opportunity to the assessee to...
![Penalty Imposed u/s 272A(1)(d) of Income Tax Act without Giving Proper Opportunity to Assessee: ITAT Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-Imposed-of-Income-Tax-Act-without-Giving-Proper-Opportunity-to-Assessee-ITAT-Deletes-Penalty-TAXSCAN.jpg "Penalty Imposed u/s 272A(1)(d) of Income Tax Act without Giving Proper Opportunity to Assessee: ITAT Deletes Penalty [Read Order]")
Pre-clinical Laboratory Services Rendered by Non-resident to Customers in India would Not be Taxable in India: ITAT Quashes Assessment Order [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) quashed the assessment order passed by the assessing officer for calculating the tax amount for the pre-clinical laboratory services...
![Pre-clinical Laboratory Services Rendered by Non-resident to Customers in India would Not be Taxable in India: ITAT Quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Pre-clinical-Laboratory-Services-Rendered-Non-resident-Customers-India-Taxable-India-ITAT-Assessment-Order-TAXSCAN.jpg "Pre-clinical Laboratory Services Rendered by Non-resident to Customers in India would Not be Taxable in India: ITAT Quashes Assessment Order [Read Order]")