![Cash Deposit received from Mother as Gift during demonetization period properly Explained: ITAT deletes Addition u/s 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Cash-Deposit-received-Gift-during-Demonetization-Properly-Explained-ITAT-u-s-69A-TAXSCAN.jpg "Cash Deposit received from Mother as Gift during demonetization period properly Explained: ITAT deletes Addition u/s 69A [Read Order]")
Cash Deposit received from Mother as Gift during demonetization period properly Explained: ITAT deletes Addition u/s 69A [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled in favor of the taxpayer, overturning the addition made under section 69A...
![Information from Pen drive / Laptop of Employees Not Deemed Credible Evidence alone for Tax Assessments: ITAT directs AO to Delete Additions Relating to Capitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Information-from-Pen-drive-Laptop-of-Employees-Evidence-Tax-Assessments-ITAT-AO-TAXSCAN.jpg "Information from Pen drive / Laptop of Employees Not Deemed Credible Evidence alone for Tax Assessments: ITAT directs AO to Delete Additions Relating to Capitation [Read Order]")
![Discrepancy in Form 26AS and Profit & Loss Account due to Service Tax Amount Declaration: ITAT upholds Deletion of Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Discrepancy-Form-26AS-Profit-Loss-Service-Tax-Amount-Declaration-ITAT-Deletion-Deletion-of-Addition-taxscan.jpg "Discrepancy in Form 26AS and Profit & Loss Account due to Service Tax Amount Declaration: ITAT upholds Deletion of Addition [Read Order]")
![Acceptance of Explanation of Cash Investment: ITAT Upholds CIT (A) Decision to Delete Cash Deposit Additions u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Acceptance-of-Explanation-of-Cash-Investment-Cash-Investment-Cash-ITAT-CIT-A-Cash-Deposit-Income-Tax-Act-taxscan.jpg "Acceptance of Explanation of Cash Investment: ITAT Upholds CIT (A) Decision to Delete Cash Deposit Additions u/s 69A of Income Tax Act [Read Order]")
![Non filing of TDS u/s 234 E of Income Tax Act for 8 years: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-ITAT-ITAT-Chennai-Non-filing-of-TDS-filing-of-TDS-taxscan.jpg "Non filing of TDS u/s 234 E of Income Tax Act for 8 years: ITAT dismisses Appeal [Read Order]")
ITAT allows Sale Expenditure on packing material in Jute Bags which have been rendered Unusable due to damage sustained during Loading and Unloading [Read Order]
The Ahamedabad bench of the Income Tax Appellate Tribunal ( ITAT ) allowed sale expenditure on packing material in jute bags that had been rendered unusable due to damage sustained during loading and...
![ITAT allows Sale Expenditure on packing material in Jute Bags which have been rendered Unusable due to damage sustained during Loading and Unloading [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Ahamedabad-ITAT-Income-Tax-sale-expenditure-taxscan.jpg "ITAT allows Sale Expenditure on packing material in Jute Bags which have been rendered Unusable due to damage sustained during Loading and Unloading [Read Order]")
Corporate entity can't logically incur Expenditure for Individual Property improvement: ITAT dismisses Appeal [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal, stating that a corporate entity cannot logically incur expenditure for individual property improvement. The...
![Corporate entity cant logically incur Expenditure for Individual Property improvement: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Pune-Corporate-entity-property-improvement-expenditure-taxscan.jpg "Corporate entity cant logically incur Expenditure for Individual Property improvement: ITAT dismisses Appeal [Read Order]")
![ITAT Directs to Delete Disallowance on Deduction in respect of Wealth Tax Paid [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-Disallowance-on-Deduction-Wealth-Tax-Disallowance-on-deduction-case-TAXSCAN.jpg "ITAT Directs to Delete Disallowance on Deduction in respect of Wealth Tax Paid [Read Order]")
Relief to Bajaj Auto: ITAT allows Deduction u/S 80-O of Income Tax Act on Royalty fee received in nature of Drawing, Design, Invention, Patent and Trademark [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) provided relief to Bajaj Auto by allowing a deduction under Section 80-O of the Income Tax Act, 1961 for the royalty fee received,...
![Relief to Bajaj Auto: ITAT allows Deduction u/S 80-O of Income Tax Act on Royalty fee received in nature of Drawing, Design, Invention, Patent and Trademark [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Mumbai-Bajaj-auto-Income-tax-act-Income-Tax-Act-on-Royalty-fee-received-ITAT-allows-Deduction-Patent-Trademark-Income-tax-on-bajaj-auto-TAXSCAN.jpg "Relief to Bajaj Auto: ITAT allows Deduction u/S 80-O of Income Tax Act on Royalty fee received in nature of Drawing, Design, Invention, Patent and Trademark [Read Order]")
Capital Expenditure in Tax Audit Report: ITAT sets aside Claim of Deduction of Expenditure on Masala Grinder and Toaster [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has rejected the claim for the deduction of expenditure on a masala grinder and toaster, as reported under capital expenditure in the tax...
![Capital Expenditure in Tax Audit Report: ITAT sets aside Claim of Deduction of Expenditure on Masala Grinder and Toaster [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Capital-Expenditure-tax-audited-report-ITAT-deduction-claim-of-deduction-masala-grinder-and-toaster-taxscan.jpeg "Capital Expenditure in Tax Audit Report: ITAT sets aside Claim of Deduction of Expenditure on Masala Grinder and Toaster [Read Order]")
Deduction on Physical Fitness Expense not Allowable in Absence of Evidence to Prove the Expenses were for Professional Purposes: ITAT upholds Disallowance [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal( ITAT ) has held that deduction on physical fitness expenses is not allowable in the absence of evidence to prove the expenses were for...
![Deduction on Physical Fitness Expense not Allowable in Absence of Evidence to Prove the Expenses were for Professional Purposes: ITAT upholds Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-hyderabad-Physical-Fitness-Expense-ITAT-upholds-Disallowance-Physical-fitness-expense-and-income-tax-deduction-Taxscan.jpg "Deduction on Physical Fitness Expense not Allowable in Absence of Evidence to Prove the Expenses were for Professional Purposes: ITAT upholds Disallowance [Read Order]")