![Surrender of Additional Professional Income Covering Expenditure Incurred on Building: ITAT deletes Addition u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Income-tax-income-professional-income-taxscan-.jpg "Surrender of Additional Professional Income Covering Expenditure Incurred on Building: ITAT deletes Addition u/s 69 of Income Tax Act [Read Order]")
Surrender of Additional Professional Income Covering Expenditure Incurred on Building: ITAT deletes Addition u/s 69 of Income Tax Act [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition under Section 69 of the Income Tax Act, 1961 citing the...
CBDT grants Income Tax Exemption to Amul Research and Development Association in Gujarat u/s 35(1)(ii) [Read Notification]
The Central Board of Direct Taxes has notified the income tax exemption to Amul Research and Development Association in Gujarat under section 35(1)(ii) of Income Tax Act, 1961. This vid Notification...
![CBDT grants Income Tax Exemption to Amul Research and Development Association in Gujarat u/s 35(1)(ii) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/04/CBDT-Income-Tax-Exemption-Amul-Research-and-Development-Association-Amul-Taxscan.jpg "CBDT grants Income Tax Exemption to Amul Research and Development Association in Gujarat u/s 35(1)(ii) [Read Notification]")
CBDT releases Strict Interim Action Plan for Income Tax Dept Functions in FY 2024-2025, Timelines Leaked [Read Notification]
The Central Board of Direct Taxes (CBDT) has issued a Circular (vide F.No. 380/01/2024) dated April 05, 2024, for departmental use, outlining the Interim Action Plan for the Financial Year 2024-25. ...
![CBDT releases Strict Interim Action Plan for Income Tax Dept Functions in FY 2024-2025, Timelines Leaked [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/04/CBDT-Strict-Interim-Action-Plan-Interim-Action-Plan-taxscan.jpg "CBDT releases Strict Interim Action Plan for Income Tax Dept Functions in FY 2024-2025, Timelines Leaked [Read Notification]")
![CBDT Notification going beyond Provisions of Income Tax Act is Invalid: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/CBDT-Notification-Income-Tax-Act-Bombay-HC-TAXSCAN.jpg "CBDT Notification going beyond Provisions of Income Tax Act is Invalid: Bombay HC [Read Order]")
Education Cess cannot be allowed as Allowable Expense u/s 37 (1) of Income Tax Act: ITAT [Read Order]
In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the education cess cannot be allowed as allowable expense under Section 37 (1) of Income Tax Act, 1961....
![Education Cess cannot be allowed as Allowable Expense u/s 37 (1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Education-Cess-Income-tax-taxscan.jpg "Education Cess cannot be allowed as Allowable Expense u/s 37 (1) of Income Tax Act: ITAT [Read Order]")
Denial of Exemption Claim from Payment of Income Tax on Interest Income Based on Technical Ground: Kerala HC directs to Consider Application Filed before CBDT [Read Order]
In a recent case, the Kerala High Court directed to consider the application filed before the Central Board of Direct Taxes ( CBDT ) under Section 119(2)(b) of the Income Tax Act, 1961. The...
![Denial of Exemption Claim from Payment of Income Tax on Interest Income Based on Technical Ground: Kerala HC directs to Consider Application Filed before CBDT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Kerala-High-Court-CBDT-Income-Tax-Exemption-Claim-TAXSCAN.jpg "Denial of Exemption Claim from Payment of Income Tax on Interest Income Based on Technical Ground: Kerala HC directs to Consider Application Filed before CBDT [Read Order]")