![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]")
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...
![Disallowance u/s 14AÂ of Income Tax Act only covers Expense Regarding Exempt Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-hyderabad-Exempt-income-disallowance-ITAT-and-criteria-for-disallowance-Income-tax-act-Exempt-Income-Taxscan.jpeg "Disallowance u/s 14AÂ of Income Tax Act only covers Expense Regarding Exempt Income: ITAT [Read Order]")
![Deduction cant be claimed when there is a Delay in Payment of Employee’s Contribution to PF and ESI: ITAT confirms Addition u/s 2(24)(x) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Delay-in-Payment-Deduction-Employees-Contribution-PF-and-ESI-Employees-State-Insurance-Pension-Fund-TAXSCAN.jpg "Deduction cant be claimed when there is a Delay in Payment of Employee’s Contribution to PF and ESI: ITAT confirms Addition u/s 2(24)(x) [Read Order]")
ITAT grants fresh Adjudication for Failure of AO to Examine Additional Evidences related to Disallowance of Sales Promotion Expenses [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted fresh adjudication for the failure of the Assessing Officer (AO) to examine the additional evidence relating to the disallowance...
![ITAT grants fresh Adjudication for Failure of AO to Examine Additional Evidences related to Disallowance of Sales Promotion Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Adjudication-ITAT-ITAT-grants-fresh-Adjudication-Failure-of-AO-Additional-Evidences-Disallowance-Sales-Promotion-Expenses-ITAT-grants-fresh-Adjudication-for-Failure-of-AO-taxscan.jpg "ITAT grants fresh Adjudication for Failure of AO to Examine Additional Evidences related to Disallowance of Sales Promotion Expenses [Read Order]")
Co-operative society receives/earns Interest on deposits with Co-operative bank is eligible for claim of Deduction u/s 80(2)(d): ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the co-operative society receives/earns the interest on deposits with the co-operative bank is eligible for claim of deduction...
![Co-operative society receives/earns Interest on deposits with Co-operative bank is eligible for claim of Deduction u/s 80(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Co-operative-society-Interest-deposits-Co-operative-bank-claim-of-Deduction-taxscan.jpg "Co-operative society receives/earns Interest on deposits with Co-operative bank is eligible for claim of Deduction u/s 80(2)(d): ITAT [Read Order]")
Addition u/s 69 made due to Unavailability of Transaction Information: ITAT grants final Opportunity for Non-Compliance [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted a final opportunity to the assessee for non-compliance even after the appellate stage due to an addition under Section 69 of the...
![Addition u/s 69 made due to Unavailability of Transaction Information: ITAT grants final Opportunity for Non-Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Addition-Unavailability-of-Transaction-Information-Transaction-Information-ITAT-taxscan.jpg "Addition u/s 69 made due to Unavailability of Transaction Information: ITAT grants final Opportunity for Non-Compliance [Read Order]")
Non-Adherence to Mandate of Section 250(6) of Income Tax Act by CIT(A): ITAT directs for Re-Adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) directed re-adjudication and held that there was non-adherence to the mandate of Section 250(6) of the Income Tax Act, 1961 by the...
![Non-Adherence to Mandate of Section 250(6) of Income Tax Act by CIT(A): ITAT directs for Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Mandate-of-Section-Income-Tax-Act-by-CITA-Commissioner-of-Income-Tax-Appeals-ITAT-directs-for-Re-Adjudication-Re-Adjudication-Income-Tax-Act-Income-Tax-Tax-News-TAXSCAN.jpg "Non-Adherence to Mandate of Section 250(6) of Income Tax Act by CIT(A): ITAT directs for Re-Adjudication [Read Order]")
Delhi HC Upholds Deletion of Rs. 4 Crore Addition for Unexplained Investments, dismisses Revenue’s Appeal
The Delhi High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) in deleting the addition of Rs. 4 crore for unexplained investments under Section 69 of the Income Tax Act, 1961. ...
Addition can't be made towards Disallowance of Bonus as Payment made for Bonus doesn't falls u/s 40A(3) of Income Tax Act: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that an addition cannot be made towards disallowance of bonus as payment made for bonus doesn’t fall under Section 40A(3) of the...
![Addition cant be made towards Disallowance of Bonus as Payment made for Bonus doesnt falls u/s 40A(3) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Addition-Addition-cant-be-made-towards-Disallowance-Disallowance-Bonus-taxscan.jpg "Addition cant be made towards Disallowance of Bonus as Payment made for Bonus doesnt falls u/s 40A(3) of Income Tax Act: ITAT [Read Order]")
ITAT allows Carry Forward of Unabsorbed Depreciation Pertaining to AY.s 1997-98 to 2000-01 for Unrestricted Set off [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench, has allowed the carry forward of unabsorbed depreciation from assessment years 1997-98 to 2000-01 for set-off without any time limit. Windsor...
![ITAT allows Carry Forward of Unabsorbed Depreciation Pertaining to AY.s 1997-98 to 2000-01 for Unrestricted Set off [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Carry-Forward-Unabsorbed-Depreciation-Pertaining-Unrestricted-Set-off-TAXSCAN.jpg "ITAT allows Carry Forward of Unabsorbed Depreciation Pertaining to AY.s 1997-98 to 2000-01 for Unrestricted Set off [Read Order]")