![Relief to Prestige Group: TDS not applicable on refundable Security Deposits made with Landowners, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Relief-to-Prestige-Group-TDS-refundable-security-deposits-landowners-ITAT-Taxscan.jpg "Relief to Prestige Group: TDS not applicable on refundable Security Deposits made with Landowners, rules ITAT [Read Order]")
Relief to Prestige Group: TDS not applicable on refundable Security Deposits made with Landowners, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that the TDS is not applicable on refundable security deposits made with landowners. ...
![Non-Compliance of Show Cause Notice not a valid ground for Imposition of Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Non-Compliance-show-cause-notice-penalty-ITAT-Taxscan.jpeg "Non-Compliance of Show Cause Notice not a valid ground for Imposition of Penalty: ITAT [Read Order]")
![ITAT deletes Addition of Rs. 50.30 Cr on account of Unexplained Share Application Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-unexplained-share-application-money-Taxscan.jpg "ITAT deletes Addition of Rs. 50.30 Cr on account of Unexplained Share Application Money [Read Order]")
![ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-on-money-receipts-undisclosed-income-taxscan.jpeg "ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]")
![ITAT deletes Addition of Rs.24.35 Cr on account of Unexplained Cash Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Unexplained-Cash-Credit-Taxscan.jpg "ITAT deletes Addition of Rs.24.35 Cr on account of Unexplained Cash Credit [Read Order]")
Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench allowed the deduction on account of long-term Capital Gain. The assessee, Halesh K.C. along with other family members had sold an...
![Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Independent-building-residential-house-ITAT-deduction-on-account-long-term-Capital-Gain-Taxscan.jpg "Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]")
ITAT deletes addition of amount representing 15% of sale proceeds deducted by the Monetary Committee from E-Auction Sale of Mineral Stock [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench deleted the addition of an amount representing 15% of sale proceeds deducted by the Monetary committee from e-auction sale of mineral stock. ...
![ITAT deletes addition of amount representing 15% of sale proceeds deducted by the Monetary Committee from E-Auction Sale of Mineral Stock [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Monetary-committee-e-auction-sale-of-mineral-stock-Taxscan.jpg "ITAT deletes addition of amount representing 15% of sale proceeds deducted by the Monetary Committee from E-Auction Sale of Mineral Stock [Read Order]")
![Penalty can’t be levied when there is No Concealment in Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/concealment-in-the-return-of-income-ITAT-Taxscan.jpg "Penalty can’t be levied when there is No Concealment in Income Tax Return: ITAT [Read Order]")
![Lease Holders Expenses are not liable to be Capitalized: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Lease-holders-expenses-capitalized-ITAT-Taxscan.jpg "Lease Holders Expenses are not liable to be Capitalized: ITAT deletes Addition [Read Order]")
Interest Expenses claimed by Partners relating to their Professional Activities are allowed Expenses: ITAT deletes Addition [Read Order]
While deleting the addition, the Income Tax Appellate Tribunal (ITAT) Rajkot Bench has ruled that, Interest Expenses claimed by partners relating to their professional activities are allowed...
![Interest Expenses claimed by Partners relating to their Professional Activities are allowed Expenses: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-Expenses-partners-relating-professional-activities-allowed-expenses-ITAT-Taxscan.jpg "Interest Expenses claimed by Partners relating to their Professional Activities are allowed Expenses: ITAT deletes Addition [Read Order]")
Assessee in principle entitled to Claim Deduction of Gratuity paid before Appellate Authorities: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that assessee in principle is entitled to claim a deduction of gratuity paid before the appellate authorities. The assessee, M/s....
![Assessee in principle entitled to Claim Deduction of Gratuity paid before Appellate Authorities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/deduction-of-gratuity-appellate-authorities-ITAT-Taxscan.jpg "Assessee in principle entitled to Claim Deduction of Gratuity paid before Appellate Authorities: ITAT [Read Order]")
![ITAT confirms disallowance on account of Interest on Office Loan [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-disallowance-on-account-interest-on-office-loan-Taxscan.jpg "ITAT confirms disallowance on account of Interest on Office Loan [Read Order]")