![Deduction u/s 80HHC Income Tax Act to be Computed after Reducing Deduction u/s 80IA from Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Deduction-Income-Tax-Act-Deduction-Profit-ITAT-Taxscan.jpeg "Deduction u/s 80HHC Income Tax Act to be Computed after Reducing Deduction u/s 80IA from Profit: ITAT [Read Order]")
Deduction u/s 80HHC Income Tax Act to be Computed after Reducing Deduction u/s 80IA from Profit: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal held that deduction allowed under Sec. 80-IA of Income Tax Act had to be reduced from the...
![Reopening not valid when Time Limit for Scrutiny pending from Revised Return filed under Section 139(5): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Reopening-Time-Limit-Scrutiny-Revised-Return-Section-1395-ITAT-taxscan.jpeg "Reopening not valid when Time Limit for Scrutiny pending from Revised Return filed under Section 139(5): ITAT [Read Order]")
![Penalty shall not be levied merely on Technical Reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Penalty-Technical-Reasons-ITAT-Taxscan.jpg "Penalty shall not be levied merely on Technical Reasons: ITAT [Read Order]")
![ITAT restores matter to AO to determine Deduction of Business Income and Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-deduction-of-business-income-interest-income-Taxscan.jpg "ITAT restores matter to AO to determine Deduction of Business Income and Interest Income [Read Order]")
![Refund of Advances made in preceding years cant be Deemed as Credit to attract Unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Refund-preceding-years-deemed-as-credit-S.68-IT-Act-ITAT-Taxscan.jpg "Refund of Advances made in preceding years cant be Deemed as Credit to attract Unexplained Cash Credit: ITAT [Read Order]")
ITAT restores issue back to AO for fresh adjudication of deduction of TDS on payments made towards Suspense Service Expenses, Rent
The Income Tax Appellate Tribunal (ITAT), Allahabad Bench stores issue back to AO for denovo adjudication concerning the deduction of TDS on payments made towards Suspense Service Expenses and Rent. ...
Amount Received during Trading Transaction and Remaining Unclaimed to be Treated as Income of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal( ITAT ) held that any amount received during the trading transaction, remaining with the assessee for a long time unclaimed, changes character and shall be treated...
![Amount Received during Trading Transaction and Remaining Unclaimed to be Treated as Income of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Trading-Transaction-Income-of-Assessee-ITAT-Taxscan-opengraph.jpg "Amount Received during Trading Transaction and Remaining Unclaimed to be Treated as Income of Assessee: ITAT [Read Order]")
Additions towards share capital in question would not ipso facto tantamount to alleged concealment of income: ITAT deletes penalty
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench while deleting the penalty held that the Additions towards share capital in question would not be ipso facto tantamount to alleged...
![Income from Commercial Properties shall be treated as House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Income-from-Commercial-Properties-House-Property-Income-ITAT-Taxscan.jpg "Income from Commercial Properties shall be treated as House Property Income: ITAT [Read Order]")
Change in Nature of Loss from Business Loss to Speculative Loss not enough to impose Penalty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while deleting the penalty ruled that change in nature of loss from business loss to speculative loss is not enough to impose a penalty. The...
![Change in Nature of Loss from Business Loss to Speculative Loss not enough to impose Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/business-loss-speculative-loss-ITAT-penalty-Taxscan.jpg "Change in Nature of Loss from Business Loss to Speculative Loss not enough to impose Penalty: ITAT [Read Order]")
![No TDS on Professional Fee paid to Offshore CA Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/TDS-Professional-Fee-CA-Firm-ITAT-Taxscan.jpeg "No TDS on Professional Fee paid to Offshore CA Firm: ITAT [Read Order]")
![Section 11 Exemption: ITAT remits the matter to AO for fresh consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Section-11-Exemption-ITAT-AO-fresh-consideration-Taxscan.jpeg "Section 11 Exemption: ITAT remits the matter to AO for fresh consideration [Read Order]")