![ITAT deletes addition made on account of Cash Gift received from Relatives [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-account-of-cash-gift-Taxscan.jpg "ITAT deletes addition made on account of Cash Gift received from Relatives [Read Order]")
ITAT deletes addition made on account of Cash Gift received from Relatives [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench deleted the addition made on account of cash gifts received from relatives. The assessee,...
![ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Jewellery-Violation-of-CBDT-Instruction-Taxscan.jpg "ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]")
![Interest received on delayed Compensation for Compulsory Land Acquisition exempted from Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Compensation-Compulsory-Land-Acquisition-exempted-from-Income-Tax-ITAT-Taxscan.jpg "Interest received on delayed Compensation for Compulsory Land Acquisition exempted from Income Tax: ITAT [Read Order]")
![Lower Tax Authorities can’t sustain addition without any cogent material on record: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Lower-Tax-Authorities-cogent-material-on-record-Delhi-High-Court-Taxscan-1.jpg "Lower Tax Authorities can’t sustain addition without any cogent material on record: Delhi High Court [Read Judgment]")
![Interest Income linked with Power Plant set up is Capital Receipt, can’t be Taxed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-income-power-plant-capital-receipt-ITAT-Taxscan.jpg "Interest Income linked with Power Plant set up is Capital Receipt, can’t be Taxed: ITAT [Read Order]")
ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench upheld the addition on the ground that the assessee failed to explain the source of cash deposit in her bank account during the demonetization...
![ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-source-of-cash-deposit-bank-account-demonetization-Taxscan.jpg "ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]")
![ITAT allows Delhi Public School Society’s claim of Carry Forward of Losses [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-Delhi-Public-School-Society-losses-Taxscan.jpg "ITAT allows Delhi Public School Society’s claim of Carry Forward of Losses [Read Order]")
Relief to DLF Universal: Disallowance u/s 14A gets restricted to the extent of exempt income, says ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench while dismissing the appeal of the revenue held that disallowance under section 14A gets restricted to the extent of exempt income. The...
![Relief to DLF Universal: Disallowance u/s 14A gets restricted to the extent of exempt income, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/DLF-Universal-Disallowance-extent-of-exempt-income-ITAT-Taxscan.jpg "Relief to DLF Universal: Disallowance u/s 14A gets restricted to the extent of exempt income, says ITAT [Read Order]")
Relief to DLF Assets: ITAT allows Deduction on Rental Income from SEZ development u/s 80IAB [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench allowed the deduction in respect of rental income from SEZ development under section 80IAB of the Income Tax Act. The revenue preferred an...
![Relief to DLF Assets: ITAT allows Deduction on Rental Income from SEZ development u/s 80IAB [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/DLF-Assets-ITAT-rental-income-SEZ-development-taxscan-2.jpg "Relief to DLF Assets: ITAT allows Deduction on Rental Income from SEZ development u/s 80IAB [Read Order]")
ITAT quashes demand against SBI for non-deduction of TDS on Leave Fare Concession provided to Employees [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench quashed the demand against State Bank of India (SBI) for non-deduction of TDS in respect of Leave Fare Concession (LFC) provided to...
![ITAT quashes demand against SBI for non-deduction of TDS on Leave Fare Concession provided to Employees [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-SBI-deduction-of-TDS-LFC-provide-to-employees-Taxscan.jpg "ITAT quashes demand against SBI for non-deduction of TDS on Leave Fare Concession provided to Employees [Read Order]")
Relief to Hindustan Coca Cola: ITAT deletes additions of Rs. 20.89 Lakhs on account of passing of the expiry date of product [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench in a relief to Hindustan Coca Cola deleted the additions of Rs. 20.89 Lakhs on account of passing of the expiry date of the product. The...
![Relief to Hindustan Coca Cola: ITAT deletes additions of Rs. 20.89 Lakhs on account of passing of the expiry date of product [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Relief-Hindustan-Coca-Cola-ITAT-expiry-date-of-product-taxscan.jpg "Relief to Hindustan Coca Cola: ITAT deletes additions of Rs. 20.89 Lakhs on account of passing of the expiry date of product [Read Order]")
ITAT deletes disallowance on Account of Interest Paid on Debit Balances of Capital Account with other firms [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench deleted the disallowance on account of interest paid on debit balances of capital account with other firms. The assessee, Rajesh Madanmohan...
![ITAT deletes disallowance on Account of Interest Paid on Debit Balances of Capital Account with other firms [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-disallowance-account-of-interest-paid-debit-balances-capital-account-firms-Taxscan.jpg "ITAT deletes disallowance on Account of Interest Paid on Debit Balances of Capital Account with other firms [Read Order]")