![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]")
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...
![CBDT notifies Income Tax Exemption to ‘National Mission for Clean Ganga’ u/s 10(46) of Income Tax Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/03/CBDT-Income-Tax-Exemption-National-Mission-for-Clean-Ganga-us-1046-of-Income-Tax-Act-TAXSCAN.jpg "CBDT notifies Income Tax Exemption to ‘National Mission for Clean Ganga’ u/s 10(46) of Income Tax Act [Read Notification]")
![Madras HC disposes Petitions Challenging Constitutionality of Section 115 WA(2) and 115 WB(2)& (1) of Income Tax Act as Provisions Removed from Statute [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Madras-High-Court-Income-tax-Income-tax-news-Writ-Petitions-taxscan.jpg "Madras HC disposes Petitions Challenging Constitutionality of Section 115 WA(2) and 115 WB(2)& (1) of Income Tax Act as Provisions Removed from Statute [Read Order]")
![CBDT Issues Corrigendum for Inclusion of Sec. 43B(h) IT Act Disallowance under Clause 22 of Form 3CD [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/03/CBDT-CBDT-Issues-Corrigendum-Income-Tax-Disallowance-TAXSCAN.jpg "CBDT Issues Corrigendum for Inclusion of Sec. 43B(h) IT Act Disallowance under Clause 22 of Form 3CD [Read Notification]")
Financial Year Closure: Income Tax Offices to Remain Open on March 29-31 to Complete Pending Works as per CBDT Order
To ensure the smooth completion of pending departmental work and for administrative convenience, all Income Tax Offices across India are mandated by the Central Board of Direct Taxes (CBDT) to remain...
Failure to dispose Rectification application within time u/s 154 (7) of Income Tax Act and considering CBDT Circular: Kerala HC quashes Order [Read Order]
The single bench of Kerala High Court quashed the order rejecting the rectification application. The court viewed that the department failed to Dispose Rectification application within time under...
![Failure to dispose Rectification application within time u/s 154 (7) of Income Tax Act and considering CBDT Circular: Kerala HC quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Kerala-High-Court-Income-Tax-Rectification-application-CBDT-Circular-TAXSCAN-1.jpg "Failure to dispose Rectification application within time u/s 154 (7) of Income Tax Act and considering CBDT Circular: Kerala HC quashes Order [Read Order]")
CBDT approves Income Tax Deduction to IIT Kharagpur and other two Institutions for Scientific Research u/s 35(1) of Income Tax Act [Read Order]
The Central Board of Direct Taxes ( CBDT ) has granted income tax deductions under Section 35 of the Income Tax Act, 1961, to specific institutions including IIT, Kharagpur engaged in scientific...
![CBDT approves Income Tax Deduction to IIT Kharagpur and other two Institutions for Scientific Research u/s 35(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/CBDT-IIT-Kharagpur-Income-Tax-Act-CBDT-Deduction-Approval-Scientific-Research-IIT-Kharagpur-Tax-Deduction-Research-Taxscan-1.jpg "CBDT approves Income Tax Deduction to IIT Kharagpur and other two Institutions for Scientific Research u/s 35(1) of Income Tax Act [Read Order]")
Inconsistencies noted in Sale Price per Unit in SFT-17 after Advance Tax e-Campaign will be Rectified, assures Income Tax Dept
Following feedback from taxpayers regarding the e-campaign for Advance Tax, the Income Tax Department has detected discrepancies in the data of the securities market ( SFT-17 ) provided by a...
Non-Forwarding of draft Assessment Order specified u/s 144C(1) of Income Tax Act: ITAT quashed Assessment order [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently quashed assessment order passed under Section 153C of the Income Tax Act, 1961 due to non-filing of draft assessment order specified...
![Non-Forwarding of draft Assessment Order specified u/s 144C(1) of Income Tax Act: ITAT quashed Assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Assessment-order-Draft-Assessment-Order-Tax-assessment-order-issues-taxscan.jpg "Non-Forwarding of draft Assessment Order specified u/s 144C(1) of Income Tax Act: ITAT quashed Assessment order [Read Order]")
Section 80IA claim permitted on gross basis without offsetting losses from other Industrial Units: ITAT allows Deduction [Read Order]
The bench of the Income Tax Appellate Tribunal ( ITAT ) in Delhi, has observed that the deduction claim under Section 80IA under Income Tax Act, 1961 shall be permitted on gross basis without...
![Section 80IA claim permitted on gross basis without offsetting losses from other Industrial Units: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Deduction-on-gross-basis-Income-tax-deduction-losses-taxscan.jpg "Section 80IA claim permitted on gross basis without offsetting losses from other Industrial Units: ITAT allows Deduction [Read Order]")