![Interest Income from Co-operative Banks to be considered for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Bangalore-Tax-news-I-ncome-Tax-Deduction-Taxscan.jpg "Interest Income from Co-operative Banks to be considered for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT allows Appeal [Read Order]")
Interest Income from Co-operative Banks to be considered for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT allows Appeal [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal allowed the appeal filed by the assessee against the order of the National Faceless Appeal...
![ITAT upholds Deletion of E-stamp Duty Expense Addition for Dish Infra Services NCD Issuance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/E-stamp-Duty-Expense-Dish-Infra-Services-ITAT-delhi-income-tax-updates-taxscan.jpg "ITAT upholds Deletion of E-stamp Duty Expense Addition for Dish Infra Services NCD Issuance [Read Order]")
![Non Submission of PAN and confirmation of parties regarding advances received for Dish Installation: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/48945e5b-3815-4f21-8f1d-29fd971d7ecf.jpg "Non Submission of PAN and confirmation of parties regarding advances received for Dish Installation: ITAT upholds Addition [Read Order]")
![ITAT directs Readjudication for determining Municipal Rateable Value of Flats held as Stock in Trade [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Mumbai-readjudication-ITAT-Updating-taxscan.jpg "ITAT directs Readjudication for determining Municipal Rateable Value of Flats held as Stock in Trade [Read Order]")
![Delay of 726 Days not properly explained: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Delay-of-726-Days-ITAT-Appeal-taxscan.jpg "Delay of 726 Days not properly explained: ITAT dismisses Appeal [Read Order]")
ITAT Directs Readjudication with respect to Interest paid to Related Persons and Family Members for Availing of Unsecured Loans [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently directed readjudication with respect to interest paid to the related persons and family members for availing of unsecured loans. ...
![ITAT Directs Readjudication with respect to Interest paid to Related Persons and Family Members for Availing of Unsecured Loans [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Readjudication-Interest-paid-Unsecured-Loans-TAXSCAN.jpg "ITAT Directs Readjudication with respect to Interest paid to Related Persons and Family Members for Availing of Unsecured Loans [Read Order]")
![ITAT allows Bad Debts claimed u/s 36(1)(vii) in respect of Identified Debts [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Bad-Debts-Identified-Debts-ITAT-allows-Bad-Debts-claimed-itat-delhi-taxscan.jpg "ITAT allows Bad Debts claimed u/s 36(1)(vii) in respect of Identified Debts [Read Order]")
Purchase and Sale of Shares Transactions cannot be considered bogus when Documentary Evidence Genuinely Established : ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT)  recently ruled that purchase and sale of shares transactions could not be considered bogus when documentary evidence genuinely...
![Purchase and Sale of Shares Transactions cannot be considered bogus when Documentary Evidence Genuinely Established : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Purchase-Purchase-and-Sale-of-Shares-Transactions-bogus-Documentary-Evidence-taxscan.jpg "Purchase and Sale of Shares Transactions cannot be considered bogus when Documentary Evidence Genuinely Established : ITAT [Read Order]")
Sponsorship Fee paid to Trust found more Personal Obligation of Director, Not a Business Expenditure: ITAT confirms Disallowance of Rs.15L [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) confirmed the disallowance of Rs. 15 lakhs for sponsorship fees paid to a trust, as it was deemed to be a personal obligation of the director rather than a...
![Sponsorship Fee paid to Trust found more Personal Obligation of Director, Not a Business Expenditure: ITAT confirms Disallowance of Rs.15L [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Delhi-Income-Tax-Sponsorship-Fee-Personal-Obligation-of-Director-TAXSCAN.jpg "Sponsorship Fee paid to Trust found more Personal Obligation of Director, Not a Business Expenditure: ITAT confirms Disallowance of Rs.15L [Read Order]")
Explanation 3 to Section 147 of Income Tax Act cannot be extended to make New Addition beyond Initial Reopening Assessment Reasons: ITAT quashes Order [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the assessment order as no addition was made based on the reason to believe recorded by the Assessing Officer ( AO ) for...
![Explanation 3 to Section 147 of Income Tax Act cannot be extended to make New Addition beyond Initial Reopening Assessment Reasons: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Explanation-3-to-Section-147-of-Income-Tax-Act-New-Addition-Initial-Reopening-Assessment-Reasons-ITAT-quashes-taxscan.jpg "Explanation 3 to Section 147 of Income Tax Act cannot be extended to make New Addition beyond Initial Reopening Assessment Reasons: ITAT quashes Order [Read Order]")
Routine establishment Expenses and Interest on Loan taken for General Business Purposes is required to be allowed as Deduction: ITAT sets aside order passed by CIT (A) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) sets aside the order passed by CIT (A), emphasizing that routine establishment expenses and interest on loans taken for general business...
![Routine establishment Expenses and Interest on Loan taken for General Business Purposes is required to be allowed as Deduction: ITAT sets aside order passed by CIT (A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Routine-establishment-Expenses-Interest-on-Loan-General-Business-Purposes-allowed-as-Deduction-ITAT-taxscan.jpg "Routine establishment Expenses and Interest on Loan taken for General Business Purposes is required to be allowed as Deduction: ITAT sets aside order passed by CIT (A) [Read Order]")
Printing, Publishing and Subscription of books of Vedas, Gita, Upanishads for imparting education is not Commercial activity: ITAT allows exemption u/s 11 of Income Tax Act [Read Order]
The Mumbai bench Income Tax Appellate Tribunal (ITAT) while allowing the exemption under section 11 of the Income Tax Act, 1961 held that printing , publishing and subscription of books of vedas ,...
![Printing, Publishing and Subscription of books of Vedas, Gita, Upanishads for imparting education is not Commercial activity: ITAT allows exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Printing-Publishing-Subscription-books-of-vedas-Printing-Publishing-and-Subscription-of-books-of-vedas-taxscan.jpg "Printing, Publishing and Subscription of books of Vedas, Gita, Upanishads for imparting education is not Commercial activity: ITAT allows exemption u/s 11 of Income Tax Act [Read Order]")