![Income Tax Dept fails to Contradict Taxpayer’s Evidence for LTCG from Share Sale: Rajasthan HC Upholds ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/income-tax-LTCG-from-Share-Sale-Income-Tax-Dept-ITAT-Order-Rajasthan-HC-Upholds-ITAT-Order-income-tax-news-itat-news-rajasthan-hc-news-share-sale-tax-news-taxscan.jpg "Income Tax Dept fails to Contradict Taxpayer’s Evidence for LTCG from Share Sale: Rajasthan HC Upholds ITAT Order [Read Order]")
Income Tax Dept fails to Contradict Taxpayer’s Evidence for LTCG from Share Sale: Rajasthan HC Upholds ITAT Order [Read Order]
In a recent ruling, the Rajasthan High Court upheld the order of the Income Tax Appellate Tribunal ( ITAT ), observing that the income tax department...
![No Deduction for Interest Paid on FCCD under Tonnage Tax Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Tax-Scheme-FCCD-Deduction-Foreign-Currency-Convertible-Debentures-taxscan.jpg "No Deduction for Interest Paid on FCCD under Tonnage Tax Scheme: ITAT [Read Order]")
![Allegation of Bogus Donation: ITAT Allows Income Tax Deduction u/s 35 (1)(ii) in Absence of Material Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Income-Tax-Appellate-Tribunal-ITAT-Mumbai-Income-Tax-Deduction-section-35-1-ii-of-the-Income-Tax-taxscan.webp "Allegation of Bogus Donation: ITAT Allows Income Tax Deduction u/s 35 (1)(ii) in Absence of Material Evidence [Read Order]")
![Project Completion Method is Right Method Prescribed by ICAI for determining Profit, Eligible for Deduction u/s 80IB(10) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-delhi-Income-Tax-Income-Tax-Act-ICAI-Income-Tax-Appellate-Tribunal-Section-80IB10-of-the-Income-Tax-Act-taxscan.jpg "Project Completion Method is Right Method Prescribed by ICAI for determining Profit, Eligible for Deduction u/s 80IB(10) of Income Tax Act: ITAT [Read Order]")
Department of Inland Revenue Sri Lanka Certifies Assessee’s Gross Remuneration: ITAT directs AO to allow TDS Credit and Self-Assessment Tax [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT )Â has directed the Assessing Officer to allow Tax Deducted at Source ( TDS ) credit and self-assessment tax, as the Department of Inland...
![Department of Inland Revenue Sri Lanka Certifies Assessee’s Gross Remuneration: ITAT directs AO to allow TDS Credit and Self-Assessment Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Department-Inland-Revenue-Sri-Lanka-Certifies-Gross-Remuneration-ITAT-AO-TDS-Credit-Self-Assessment-Tax-TAXSCAN.jpg "Department of Inland Revenue Sri Lanka Certifies Assessee’s Gross Remuneration: ITAT directs AO to allow TDS Credit and Self-Assessment Tax [Read Order]")
Deduction u/s 80 IA of Income Tax Act not available only to Persons Executing Works Contract: ITAT rejects Deduction Claim [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) rejected the claim of deduction under Section 80 IAÂ Â of the Income Tax Act, 1961 stating that it is not available to individuals engaged...
![Deduction u/s 80 IA of Income Tax Act not available only to Persons Executing Works Contract: ITAT rejects Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Deduction-Income-Tax-Act-Works-Contract-ITAT-Deduction-Claim-taxscan.jpg "Deduction u/s 80 IA of Income Tax Act not available only to Persons Executing Works Contract: ITAT rejects Deduction Claim [Read Order]")
CIT Appeal has no power u/s 250 of Income Tax Act to dismiss Appeal on account of non prosecution without discussing Merit of Case: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that CIT Appeal has no power under section 250 of the Income Tax Act, 1961 to dismiss an appeal on account of...
![CIT Appeal has no power u/s 250 of Income Tax Act to dismiss Appeal on account of non prosecution without discussing Merit of Case: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Income-tax-Income-tax-news-CIT-Appeal-taxscan.jpg "CIT Appeal has no power u/s 250 of Income Tax Act to dismiss Appeal on account of non prosecution without discussing Merit of Case: ITAT [Read Order]")
Relief to Bank of Nova scortia: ITAT allows Expenditure incurred towards earnings interest income exempt u/s 10 (15) [Read Order]
The Income Tax Appellate Tribunal (ITAT) has provided relief to the Bank of Nova Scotia by permitting the expenditure incurred towards earning interest income exempt under Section 10(15) of the...
![Relief to Bank of Nova scortia: ITAT allows Expenditure incurred towards earnings interest income exempt u/s 10 (15) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Bank-of-Nova-scortia-ITAT-Expenditure-interest-income-exempt-us-10-15-TAXSCAN.jpg "Relief to Bank of Nova scortia: ITAT allows Expenditure incurred towards earnings interest income exempt u/s 10 (15) [Read Order]")
Taxpayer Fails to Prove CA’s Advice to Transfer Case to Advocate and his Negligence to File Timely Appeal: ITAT Denies to Condone Delay of 310 Days [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) refused to grant condonation for a 310-day delay, citing the taxpayer's inability to substantiate the Chartered Accountant's (CA)...
![Taxpayer Fails to Prove CA’s Advice to Transfer Case to Advocate and his Negligence to File Timely Appeal: ITAT Denies to Condone Delay of 310 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Condone-Delay-Taxpayer-Taxpayer-Fails-to-Prove-CAs-Advice-Taxpayer-Fails-to-Prove-CAs-Advice-to-Transfer-Case-to-Advocate-taxscan.jpg "Taxpayer Fails to Prove CA’s Advice to Transfer Case to Advocate and his Negligence to File Timely Appeal: ITAT Denies to Condone Delay of 310 Days [Read Order]")
ITAT directs Re-adjudication on Addition of Insurance Claim of Rs. 2.75 Crores Taxed under Business Head [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has directed re-adjudication on the addition of Insurance claim of  Rs. 2.75 taxed under the business head. The assessee, Piramal...
![ITAT directs Re-adjudication on Addition of Insurance Claim of Rs. 2.75 Crores Taxed under Business Head [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Re-adjudication-ITAT-directs-Re-adjudication-on-Addition-of-Insurance-Claim-taxscan.jpg "ITAT directs Re-adjudication on Addition of Insurance Claim of Rs. 2.75 Crores Taxed under Business Head [Read Order]")
ITAT nullifies AO's Attempt to Override Government Valuer's Fair Market Valuation Report in Piramal Enterprises Flat Sale [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) overturned the Assessing Officer's ( AO ) decision to disregard the fair market valuation report provided by a...
![ITAT nullifies AOs Attempt to Override Government Valuers Fair Market Valuation Report in Piramal Enterprises Flat Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-AO-Government-Valuers-Fair-Market-Valuation-Report-Piramal-Enterprises-taxscan.jpg "ITAT nullifies AOs Attempt to Override Government Valuers Fair Market Valuation Report in Piramal Enterprises Flat Sale [Read Order]")