![Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Tata-Industries-ITAT-Business-Losses-Foreign-Dividend-Income-TAXSCAN.jpg "Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]")
Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]
As a relief to Tata Industries, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the set offof brought forward business...
![No Liability u/s 201 When Payment of Rent and Common area maintenance charges have been made to distinct companies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/payment-of-rent-and-common-area-maintenance-charges-hcompanies-ITAT-TAXSCAN.jpg "No Liability u/s 201 When Payment of Rent and Common area maintenance charges have been made to distinct companies: ITAT [Read Order]")
![Disallowance without Identifying Expenses on Rental Income not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Disallowance-Rental-Income-ITAT-TAXSCAN.jpg "Disallowance without Identifying Expenses on Rental Income not sustainable: ITAT [Read Order]")
![Recording different findings on Same of Set of Evidence: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Recording-of-evidence-evidence-ITAT-findings-taxscan.jpg "Recording different findings on Same of Set of Evidence: ITAT quashes Order [Read Order]")
Assessee failed to prove Property as Stock in Trade with Corroborative Evidence: ITAT upholds Applicability of 56(2)(vii)(b)
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee failed to prove property as stock in trade with Corroborative Evidence and upheld the applicability of...
Sale of CWO proved and recorded as Income in Books of Account: ITAT deletes Addition on alleged Non genuine Purchase [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad Bench deleted addition on the ground of alleged non-genuine purchase as the sale of Cotton Wash Oil (CWO) was proved and recorded as income in...
![Sale of CWO proved and recorded as Income in Books of Account: ITAT deletes Addition on alleged Non genuine Purchase [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Sale-Sale-of-CWO-CWO-Income-Books-of-Account-ITAT-genuine-Purchase-Cotton-Wash-Oil-Taxscan.jpg "Sale of CWO proved and recorded as Income in Books of Account: ITAT deletes Addition on alleged Non genuine Purchase [Read Order]")
ITAT orders Re-examination on Applicability of TDS u/s 195 of Income Tax Act on Payment made to Non-Residents [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), ordered re-examination on applicability of TDS under Section 195 of the Income Tax Act, 1961 on payment made to non-resident. The...
![ITAT orders Re-examination on Applicability of TDS u/s 195 of Income Tax Act on Payment made to Non-Residents [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Re-examination-Applicability-TDS-Income-Tax-Act-Payment-TAXSCAN.jpg "ITAT orders Re-examination on Applicability of TDS u/s 195 of Income Tax Act on Payment made to Non-Residents [Read Order]")
Excess Claim of Expenditure not be proved by relevant Bills: ITAT confirms Income Tax Addition. [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), confirmed addition as the excess claim of expenditure not be proved by relevant bills. The AO noticed from perusal of Tax Audit Report...
![Excess Claim of Expenditure not be proved by relevant Bills: ITAT confirms Income Tax Addition. [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Claim-of-Expenditure-Bills-ITAT-Income-Tax-Addition-TAXSCAN.jpg "Excess Claim of Expenditure not be proved by relevant Bills: ITAT confirms Income Tax Addition. [Read Order]")
ITAT grants Opportunity to Assessee for Appearance before CIT(A) being Senior Citizen and not aware Digital Communication [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), granted opportunity to assessee for appearance before Commissioner of Income Tax (Appeals) (CIT(A)) being Senior citizen and not aware...
![ITAT grants Opportunity to Assessee for Appearance before CIT(A) being Senior Citizen and not aware Digital Communication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-CITA-being-Senior-Citizen-Digital-Communication-TAXSCAN.jpg "ITAT grants Opportunity to Assessee for Appearance before CIT(A) being Senior Citizen and not aware Digital Communication [Read Order]")
![Non-Compete Agreement is an Intangible Asset, Depreciation allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Non-Compete-Agreement-is-an-Intangible-Asset-Depreciation-ITAT-TAXSCAN.jpg "Non-Compete Agreement is an Intangible Asset, Depreciation allowable: ITAT [Read Order]")
CIT(A) can't disallow Deduction claimed u/s 80P(2)(d) When Assessee filed Independent Auditor’s Report under Maharashtra Co-operative Societies Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that CIT(A) can't disallow deduction claimed u/s 80P(2)(d) of the Income Tax Act,1961 when assessee filed an independent...
![CIT(A) cant disallow Deduction claimed u/s 80P(2)(d) When Assessee filed Independent Auditor’s Report under Maharashtra Co-operative Societies Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CITA-Deduction-claimed-Assessee-Independent-Auditors-Report-under-Maharashtra-Co-operative-Societies-Act-ITAT-TAXSCAN.jpg "CIT(A) cant disallow Deduction claimed u/s 80P(2)(d) When Assessee filed Independent Auditor’s Report under Maharashtra Co-operative Societies Act: ITAT [Read Order]")