Here's How You can Claim HRA Exemption on Rent Paid to Spouse
In the lead-up to Budget 2024, anticipation is building for potential adjustments to exemption limits by the finance ministry, offering a possible...
![ITAT Annual Digest [Part 59]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-digest-annual-digest-taxscan-.jpg "ITAT Annual Digest [Part 59]")
![ITAT Annual Digest [Part 51]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ANNUAL-DIGEST-PART-51-ITAT-ITAT-ANNUAL-DIGEST-taxscan.jpg "ITAT Annual Digest [Part 51]")
![ITAT Annual Digest [Part-42]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-ITAT-stories-Tax-tribunal-updates-Income-Tax-Appellate-Tribunal-analysis-Annual-tax-review-2023-taxscan.jpg "ITAT Annual Digest [Part-42]")
Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under Section 69A of the Income Tax Act, 1961 due to mere whims and fancies of the Assessing Officer and ignoring the...
![Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/whims-fancies-Mere-whims-and-fancies-by-AO-AO-Vital-Evidence-taxscan.jpg "Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]")
Donation received by assessee Trust are not Anonymous Donation u/s 115BBC of Income Tax Act when Complete Records of donors has maintained: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that donations received by the assessee trust are not anonymous donations under Section 115BBC of the Income Tax Act, 1961 when complete...
![Donation received by assessee Trust are not Anonymous Donation u/s 115BBC of Income Tax Act when Complete Records of donors has maintained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Donaassessee-Trust-Anonymous-Donation-Income-Tax-Act-Complete-Records-donors-ITAT-taxscan.jpg "Donation received by assessee Trust are not Anonymous Donation u/s 115BBC of Income Tax Act when Complete Records of donors has maintained: ITAT [Read Order]")
Suspension of Airline Operations for a Particular period due to losses does not amount to Cessation of Business: ITAT deletes Addition made towards disallowance of expenditure [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench during deleting the addition made towards the disallowance of the expenditure held that suspension of airline operations for a particular period...
![Suspension of Airline Operations for a Particular period due to losses does not amount to Cessation of Business: ITAT deletes Addition made towards disallowance of expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Suspension-Airline-Operations-Particular-period-losses-amount-Cessation-of-Business-ITAT-disallowance-of-expenditure-taxscan.jpg "Suspension of Airline Operations for a Particular period due to losses does not amount to Cessation of Business: ITAT deletes Addition made towards disallowance of expenditure [Read Order]")
ITAT allows Interest Expenses claimed u/s 36(1)(iii) towards Loans advanced to subsidiary companies for Commercial Expediency [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench allowed interest expenses claimed under Section 36(1)(iii) of the Income Tax Act, 1961 towards the loan advanced to subsidiary companies for...
![ITAT allows Interest Expenses claimed u/s 36(1)(iii) towards Loans advanced to subsidiary companies for Commercial Expediency [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Interest-Expenses-Loans-subsidiary-companies-Commercial-Expediency-taxscan.jpg "ITAT allows Interest Expenses claimed u/s 36(1)(iii) towards Loans advanced to subsidiary companies for Commercial Expediency [Read Order]")
Reassessment based on non-filing of ITR and Information of Cash Transaction in Bank Account is valid: ITAT upholds Reassessment Order [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the reassessment under Section 144/147 of Income Tax Act 1961 holding that the reassessment based on non-filing of Income Tax...
![Reassessment based on non-filing of ITR and Information of Cash Transaction in Bank Account is valid: ITAT upholds Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Reassessment-non-filing-of-ITR-Cash-Transaction-in-Bank-Account-ITAT-Reassessment-order-Income-Tax-Act-taxscan-1.jpg "Reassessment based on non-filing of ITR and Information of Cash Transaction in Bank Account is valid: ITAT upholds Reassessment Order [Read Order]")
Difference between Circle Rate and actual amount paid for Purchase of Land: ITAT upholds addition made u/s 56(2)(vii)(b) of Income Tax Act
The Income Tax Appellate Tribunal (ITAT), Delhi bench, upheld the addition made under Section 56(2)(vii)(b) of the Income Tax Act, 1961, towards the difference between the circle rate and the actual...
ITAT directs readjudication in respect of "Agnihotra" rituals conducted by assessee trust for getting registration u/s 12AA of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench, directed a reexamination in respect of activities conducted by the assessee trust to obtain registration under Section 12AA of the Income Tax...
![ITAT directs readjudication in respect of Agnihotra rituals conducted by assessee trust for getting registration u/s 12AA of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-readjudication-Agnihotra-ITAT-directs-readjudication-in-respect-of-Agnihotra-rituals-conducted-by-assessee-taxscan.jpg "ITAT directs readjudication in respect of Agnihotra rituals conducted by assessee trust for getting registration u/s 12AA of Income Tax Act [Read Order]")