![Relief to Sahara India: ITAT deletes Addition of Interest Income for AO’s Failure to Appreciate Facts Properly [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Sahara-India-Relief-to-Sahara-India-ITAT-Addition-Interest-Income-AO-taxscan.jpg "Relief to Sahara India: ITAT deletes Addition of Interest Income for AO’s Failure to Appreciate Facts Properly [Read Order]")
Relief to Sahara India: ITAT deletes Addition of Interest Income for AO’s Failure to Appreciate Facts Properly [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) granted relief to Sahara India Financial Corporation Limited by deleting the addition...
![No addition on account of Share Premium received in excess of FMV u/s 56(2)(viib) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/addition-Share-Premium-No-addition-on-account-of-Share-Premium-FMV-taxscan-1.jpg "No addition on account of Share Premium received in excess of FMV u/s 56(2)(viib) of Income Tax Act: ITAT [Read Order]")
![ITAT directs re-adjudication with respect to LTCG of sold property which canceled by Civil court [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-re-adjudication-LTCG-ITAT-directs-readjudication-with-respect-to-LTCG-Civil-court-taxscan.jpg "ITAT directs re-adjudication with respect to LTCG of sold property which canceled by Civil court [Read Order]")
![Income from Housing Finance for Non-Residential purposes not eligible for Deduction u/s 36(1)(viii) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Housing-Finance-Residential-purposes-deduction-us-361viii-Income-Tax-Act-ITAT-TAXSCAN.jpg "Income from Housing Finance for Non-Residential purposes not eligible for Deduction u/s 36(1)(viii) of Income Tax Act: ITAT [Read Order]")
![ITAT directs to allows Expenditure towards commission payment made to Agents who relate to Business Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Kolkata-Income-Tax-Expenditure-TAXSCAN.jpg "ITAT directs to allows Expenditure towards commission payment made to Agents who relate to Business Expenses [Read Order]")
Rental Income Shall be treated as Income from House Property, not Income from Other Sources: ITAT grants Relief to Piramal Enterprises [Read Order]
In a recent decision, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted Piramal Enterprises relief by ruling that rental income from RP House should be treated as income from house...
![Rental Income Shall be treated as Income from House Property, not Income from Other Sources: ITAT grants Relief to Piramal Enterprises [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Rental-Income-Income-from-House-Property-House-Property-ITAT-Piramal-Enterprises-taxscan.jpg "Rental Income Shall be treated as Income from House Property, not Income from Other Sources: ITAT grants Relief to Piramal Enterprises [Read Order]")
Source of Cash Deposit made in Corporation Bank is out of Advanced money received from Sale of Property: ITAT deletes addition [Read Order]
The Two member bench of Income Tax Appellate Tribunal ( ITAT ) of Mumbai while deleting the addition made by the assessing officer the bench held that the source of cash deposit made in corporation...
![Source of Cash Deposit made in Corporation Bank is out of Advanced money received from Sale of Property: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Cash-Deposit-Corporation-bank-TAXSCAN-1.jpg "Source of Cash Deposit made in Corporation Bank is out of Advanced money received from Sale of Property: ITAT deletes addition [Read Order]")
ITAT allows Deduction of ESOP expenses claimed within the time limit prescribed u/s 139(5) of Income Tax Act [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) allowed deduction of Employees Stock Option Plan ( ESOP ) claimed within the time limit prescribed under Section 139(5) of the Income Tax...
![ITAT allows Deduction of ESOP expenses claimed within the time limit prescribed u/s 139(5) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Deduction-ESOP-TAXSCAN.jpg "ITAT allows Deduction of ESOP expenses claimed within the time limit prescribed u/s 139(5) of Income Tax Act [Read Order]")
TDS interest paid on Account of Expenses on repair and maintenance of Aircrafts not allowable: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) ruled that interest paid on account of expenses on repair and maintenance of aircrafts are not allowable expenditure. The Assessee, India...
![TDS interest paid on Account of Expenses on repair and maintenance of Aircrafts not allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/TDS-interest-paid-account-of-expenses-repair-and-Maintenance-of-Aircrafts-ITAT-TAXSCAN.jpg "TDS interest paid on Account of Expenses on repair and maintenance of Aircrafts not allowable: ITAT [Read Order]")
No Disallowance u/s 40A(2) towards Payments of Supervision and Risk Management Charges to Relative Concerns: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) held that no disallowance should be made under Section 40A(2) of Income Tax Act in respect of payments of supervision and risk...
![No Disallowance u/s 40A(2) towards Payments of Supervision and Risk Management Charges to Relative Concerns: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Disallowance-Income-Tax-TAXSCAN.jpg "No Disallowance u/s 40A(2) towards Payments of Supervision and Risk Management Charges to Relative Concerns: ITAT [Read Order]")
Failure to establish element of Bogus Sale of Shares as Unexplained with respect to LTCG on Shares: ITAT deletes addition [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) while deleting the addition made by the assessing officer the two member bench held that the revenue authority failed The assessee...
![Failure to establish element of Bogus Sale of Shares as Unexplained with respect to LTCG on Shares: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-Income-Tax-Sale-of-Shares-TAXSCAN.jpg "Failure to establish element of Bogus Sale of Shares as Unexplained with respect to LTCG on Shares: ITAT deletes addition [Read Order]")
Kerala HC directs to Defer Income Tax Recovery till Disposal of Stay Petition before CIT(A) [Read Order]
A Single Bench of the Kerala High Court has directed that amounts adjudicated as due from the petitioner shall not be recovered till a decision is taken on stay petition before the Commissioner of...
![Kerala HC directs to Defer Income Tax Recovery till Disposal of Stay Petition before CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Kerala-High-Court-Income-Tax-Income-Tax-Recovery-Disposal-of-Stay-Petition-TAXSCAN.jpg "Kerala HC directs to Defer Income Tax Recovery till Disposal of Stay Petition before CIT(A) [Read Order]")