![Professional Commitments of Auditor not Reasonable Cause for Condonation of Delay of 649 Days: ITAT dismisses Appeals of two Assessees [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Auditor-Condonation-of-Delay-ITAT-Taxscan.jpeg "Professional Commitments of Auditor not Reasonable Cause for Condonation of Delay of 649 Days: ITAT dismisses Appeals of two Assessees [Read Order]")
Professional Commitments of Auditor not 'Reasonable Cause' for Condonation of Delay of 649 Days: ITAT dismisses Appeals of two Assessees [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has recently dismissed the appeals of two assessees, as the ‘professional commitments’...
![Delhi HC directs Income Tax Dept to pay Refund of Rs. 34 Crore along with Interest to KRBL within 6 Weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Delhi-HC-Income-Tax-Dept-pay-Refund-Interest-KRBL-TAXSCAN.jpg "Delhi HC directs Income Tax Dept to pay Refund of Rs. 34 Crore along with Interest to KRBL within 6 Weeks [Read Order]")
![Business Income not to be confirmed merely on the basis Closing Bank Balance: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Business-income-closing-bank-balance-ITAT-taxscan.jpg "Business Income not to be confirmed merely on the basis Closing Bank Balance: ITAT [Read Order]")
![Execution of Registered Sale Deed is a Valid Transfer: Telangana HC upholds Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Registered-Sale-Deed-Telangana-high-court-taxscan.jpeg "Execution of Registered Sale Deed is a Valid Transfer: Telangana HC upholds Income Tax Addition [Read Order]")
![Interest on Loans obtained for Own Business Purposes Constitutes Business Expenditure, Deduction Allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Interest-Loans-Business-Business-Expenditure-Deduction-Allowable-ITAT-TAXSCAN.jpg "Interest on Loans obtained for Own Business Purposes Constitutes Business Expenditure, Deduction Allowable: ITAT [Read Order]")
ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that disallowance u/s. 40A(3) of the Income Tax Act, 1961 without appreciating business expediency in payment towards genuine transaction. ...
![ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-business-expediency-payment-genuine-transaction-TAXSCAN.jpeg "ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]")
Receipt of Loan and Cash Gift as Tradition in Marriage of a Female: ITAT directs Dept to Re-Verify Claim [Read Order]
The Delhi bench of the Income tax Appellate Tribunal (ITAT), while allowing the appeal of the assesse, has directed the income tax department to re-verify the claim in connection with the receipt of...
![Receipt of Loan and Cash Gift as Tradition in Marriage of a Female: ITAT directs Dept to Re-Verify Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Receipt-Loan-Cash-Gift-Tradition-Marriage-Female-ITAT-Re-Verify-Claim-TAXSCAN.jpg "Receipt of Loan and Cash Gift as Tradition in Marriage of a Female: ITAT directs Dept to Re-Verify Claim [Read Order]")
Indexation benefit to be Given on Improvement Expenses Increased towards Capital Assets: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore, has recently, in an appeal filed before it, held that indexation benefit to be given on improvement expenses increased towards capital assets. ...
![Indexation benefit to be Given on Improvement Expenses Increased towards Capital Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Assets-ITAT-TAXSCAN.jpg "Indexation benefit to be Given on Improvement Expenses Increased towards Capital Assets: ITAT [Read Order]")
Claim of Depreciation on Windmill permissible when the evidence adduced to prove usage of the same: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT)has held that a claim of depreciation on a windmill is permissible when evidence is adduced to prove the usage of the same. ...
![Claim of Depreciation on Windmill permissible when the evidence adduced to prove usage of the same: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Claim-Windmill-permissible-evidence-proveusage-ITAT-TAXSCAN.jpg "Claim of Depreciation on Windmill permissible when the evidence adduced to prove usage of the same: ITAT [Read Order]")
CIT shall Condone Delay for want of Material Records regarding Non Service of Notice and Penalty Order on Time: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), New Delhi, has recently, in an appeal filed before it, held that the CIT shall condone delay for want of material records regarding non service of notice...
![CIT shall Condone Delay for want of Material Records regarding Non Service of Notice and Penalty Order on Time: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/CIT-Material-Service-Notice-Penalty-ITAT-TAXSCAN.jpg "CIT shall Condone Delay for want of Material Records regarding Non Service of Notice and Penalty Order on Time: ITAT [Read Order]")
Interest on Income Tax Refund u/s244Acovers under ‘Debt claim of every kind ’as per India Italy DTAA, No TDS: ITAT [Read Order]
No TDS on Interest on Income Tax Refund under section 244A of the Income Tax Act,1961 is a ‘debt claim’ payable by revenue as per Article 12(3)(a) of India Italy DTAA the Kolkata Bench of the Income...
![Interest on Income Tax Refund u/s244Acovers under ‘Debt claim of every kind ’as per India Italy DTAA, No TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Refund-Debt-claim-DTAA-TDS-ITAT-TAXSCAN.jpeg "Interest on Income Tax Refund u/s244Acovers under ‘Debt claim of every kind ’as per India Italy DTAA, No TDS: ITAT [Read Order]")
![Late Fee u/s 234E for delay filing of TDS Return before 01.06.2015 not leviable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/TDS-return-ITAT-TAXSCAN.jpeg "Late Fee u/s 234E for delay filing of TDS Return before 01.06.2015 not leviable: ITAT [Read Order]")