![Assessing Officer erred in holding Bank of India guilty of non-deduction of TDS: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-TDS-Bank-of-India-Taxscan.jpeg "Assessing Officer erred in holding Bank of India guilty of non-deduction of TDS: ITAT deletes Penalty [Read Order]")
Assessing Officer erred in holding Bank of India guilty of non-deduction of TDS: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench vehicle deleting the penalty held that the assessee, Bank of India was not guilty of...
![Expenditure made in Cash Payments to Agriculturists / Farmers for purchase of land should be Disallowed: Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Karnataka-High-Court-Cash-Payments-Agriculturists-Farmers-land-Taxscan-1.jpg "Expenditure made in Cash Payments to Agriculturists / Farmers for purchase of land should be Disallowed: Karnataka High Court [Read Judgment]")
![ITAT allows Deduction to Cafe Coffee Day on belated payment of Employee’s contribution to PF [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-Cafe-Coffee-Day-Taxscan.jpg "ITAT allows Deduction to Cafe Coffee Day on belated payment of Employee’s contribution to PF [Read Order]")
![ITAT allows exemption u/s 11 & 12 to Association of State Road Transport Undertaking as it qualifies as an organization for Charitable purposes [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-Association-State-Road-Transport-Taxscan.jpg "ITAT allows exemption u/s 11 & 12 to Association of State Road Transport Undertaking as it qualifies as an organization for Charitable purposes [Read Order]")
![CAG Audit Report recommends CBDT to introduce a Time Limit for Issuing Notices [Read Report]](https://www.taxscan.in/wp-content/uploads/2020/09/CAG-CBDT-Taxscan.jpg "CAG Audit Report recommends CBDT to introduce a Time Limit for Issuing Notices [Read Report]")
ITAT deletes addition of alleged Long-Term Capital Gains and estimated commission as revenue failed to dislodge assessee’s claim [Read Order]
The Income Tax Appellate Tribunal (ITAT) deleted the addition of alleged long-term Capital Gains and estimated commission as revenue failed to dislodge assessee’s claim. The assessees being...
![ITAT deletes addition of alleged Long-Term Capital Gains and estimated commission as revenue failed to dislodge assessee’s claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-Long-Term-Capital-Gains-Taxscan.jpg "ITAT deletes addition of alleged Long-Term Capital Gains and estimated commission as revenue failed to dislodge assessee’s claim [Read Order]")
![ITAT allows Deduction u/s 54F as assessee didn’t own more than one Residential House [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/residential-house-ITAT-Taxscan.jpeg "ITAT allows Deduction u/s 54F as assessee didn’t own more than one Residential House [Read Order]")
Mitsui India isn’t a DAPE of Mitsui & Co. so no further profit could be attributed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that Mitsui India Pvt. Ltd. (MIPL) is not a Dependent Agency Permanent Establishment (DAPE) of Mitsui & Co. so no further profit could...
![Mitsui India isn’t a DAPE of Mitsui & Co. so no further profit could be attributed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-Mitsui-Taxscan.jpeg "Mitsui India isn’t a DAPE of Mitsui & Co. so no further profit could be attributed: ITAT [Read Order]")
ITAT upheld provisions in statement of accounts under 31 heads of expenses for one month made by HDFC Sales [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while upholding the provisions in statement of accounts under 31 heads of expenses for one month made by HDFC Sales. The assessee, M/s HDFC...
![ITAT upheld provisions in statement of accounts under 31 heads of expenses for one month made by HDFC Sales [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-HDFC-Sales-Taxscan.jpeg "ITAT upheld provisions in statement of accounts under 31 heads of expenses for one month made by HDFC Sales [Read Order]")
Disallowance can’t be more than the Income earned by assessee: ITAT grants relief to Oman International Bank [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while remitting the matter back to the AO held that the disallowance cannot be more than the income earned by the assessee. The assessee,...
![Disallowance can’t be more than the Income earned by assessee: ITAT grants relief to Oman International Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Oman-International-Bank-ITAT-disallowance-Income-earned-assessee-Taxscan.jpg "Disallowance can’t be more than the Income earned by assessee: ITAT grants relief to Oman International Bank [Read Order]")
No Disallowance of Interest Expenditure if Interest-Free Funds are more than Value of Investments and Loan Funds haven’t used to make Investments: ITAT
The Income Tax Appellate Tribunal (ITAT) Bangalore bench while remitting the matter back to the Assessing Officer (AO) said that if the interest-free funds available with the assessee is more than...
![ITAT confirms deletion of Penalty against ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-ICICI-Bank-Penalty-Taxscan.jpg "ITAT confirms deletion of Penalty against ICICI Bank [Read Order]")