![Non-Cooperation of Tax Consultant in Furnishing Details of Investment in Property: ITAT orders Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Tax-Non-Cooperation-Tax-Consultant-Non-Cooperation-of-Tax-Consultant-ITAT-taxscan-1.jpg "Non-Cooperation of Tax Consultant in Furnishing Details of Investment in Property: ITAT orders Fresh Adjudication [Read Order]")
Non-Cooperation of Tax Consultant in Furnishing Details of Investment in Property: ITAT orders Fresh Adjudication [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that non-cooperation of assessee's Tax consultant in furnishing details of...
![No Depreciation Claim u/s 32 of Income Tax Act Allowable in Absence of Carrying Out Business Activities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Depreciation-Claim-Depreciation-Income-Tax-Act-Income-Tax-Income-Tax-Act-Allowable-in-Absence-of-Carrying-Out-Business-Activities-ITAT-Taxscan.jpg "No Depreciation Claim u/s 32 of Income Tax Act Allowable in Absence of Carrying Out Business Activities: ITAT [Read Order]")
![Disallowance of Income from Business Deposits u/s 69 of Income Tax Act due to Default of Assessee to Submit Details of Source of Cash Deposits: ITAT Restores Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-Income-Income-from-Business-Income-from-Business-Deposits-Income-Tax-Act-taxscan.jpg "Disallowance of Income from Business Deposits u/s 69 of Income Tax Act due to Default of Assessee to Submit Details of Source of Cash Deposits: ITAT Restores Matter to AO [Read Order]")
![Receipts from Reselling of Hardware and software packages are not Royalty under India-Singapore DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Receipts-Reselling-Hardware-software-packages-Royalty-India-Singapore-DTAA-ITAT-TAXSCAN.jpg "Receipts from Reselling of Hardware and software packages are not Royalty under India-Singapore DTAA: ITAT [Read Order]")
![Income Tax Payable Fully Adjusted Against Refund for Subsequent AY: ITAT Condones Delay of 85 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Re-calculation-of-Refund-Receivable-to-Claim-Interest-on-Refunds-ITAT-Condones-Delay-TAXSCAN.jpg "Income Tax Payable Fully Adjusted Against Refund for Subsequent AY: ITAT Condones Delay of 85 Days [Read Order]")
Claim of Compensation for Termination of Development Agreement Allowed as Deduction to One Co-Owner Cannot be Denied to Other Co-owner: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT), held that the claim for the compensation in the case of the co-owner was admitted by the revenue and therefore the revenue has taken...
![Claim of Compensation for Termination of Development Agreement Allowed as Deduction to One Co-Owner Cannot be Denied to Other Co-owner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Claim-of-Compensation-for-Termination-of-Development-Agreement-Allowed-as-Deduction-to-One-Co-Owner-Denied-Co-owner-ITAT-TAXSCAN.jpg "Claim of Compensation for Termination of Development Agreement Allowed as Deduction to One Co-Owner Cannot be Denied to Other Co-owner: ITAT [Read Order]")
Disallowance of Expenditure is not Mistake Apparent on Record, Outside Purview of Section 154 of Income Tax Act: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT), held that the expenditure in relation to increase in authorized share capital is of capital expenditure or revenue expenditure is out of the...
![Disallowance of Expenditure is not Mistake Apparent on Record, Outside Purview of Section 154 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-of-Expenditure-Mistake-Apparent-on-Record-Outside-Purview-Income-Tax-Act-ITAT-TAXSCAN.jpg "Disallowance of Expenditure is not Mistake Apparent on Record, Outside Purview of Section 154 of Income Tax Act: ITAT [Read Order]")
Donation received for Capital Projects of Trust are Corpus Donations: ITAT directs re-adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that donations received for capital projects of trust are corpus donations. Thus, the bench directed for readjudication of the copies of...
![Donation received for Capital Projects of Trust are Corpus Donations: ITAT directs re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Donation-Capital-Projects-Donation-received-for-Capital-Projects-of-Trust-Trust-Corpus-Donations-taxscan.jpg "Donation received for Capital Projects of Trust are Corpus Donations: ITAT directs re-adjudication [Read Order]")
Mere Mistake in Form 35 does not result in Deficient Appeal: ITAT grants another Opportunity to rectify Mistake [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (ITAT) held that the mere mistake in form 35 does not result in a deficient appeal hence allowed one more opportunity to the assessee to rectify...
![Mere Mistake in Form 35 does not result in Deficient Appeal: ITAT grants another Opportunity to rectify Mistake [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mere-Mistake-Appeal-Mere-Mistake-in-Form-35-does-not-result-in-Deficient-Appeal-ITAT-taxscan.jpg "Mere Mistake in Form 35 does not result in Deficient Appeal: ITAT grants another Opportunity to rectify Mistake [Read Order]")
ITAT deletes addition made on account of Trading Loss on Sale of Tools and dies used for Car Manufacturing [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench deleted additions made on account of trading loss on sale of tools and dies for car manufacturing. Assessee G-Tekt India Pvt. Ltd. is...
![ITAT deletes addition made on account of Trading Loss on Sale of Tools and dies used for Car Manufacturing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-account-Trading-Loss-Sale-Tools-dies-Car-Manufacturing-TAXSCAN.jpg "ITAT deletes addition made on account of Trading Loss on Sale of Tools and dies used for Car Manufacturing [Read Order]")
Interest Income earned from Deposits made on other Cooperatives Banks are eligible for deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore Bench held that Interest income earned from deposits made on other cooperative banks are eligible for deduction under section 80(2)(d) of Income Tax...
![Interest Income earned from Deposits made on other Cooperatives Banks are eligible for deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-income-earned-Deposits-Cooperatives-Banks-eligible-deduction-TAXSCAN.jpeg "Interest Income earned from Deposits made on other Cooperatives Banks are eligible for deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]")
Revenue Expenditure incurred for Scientific Research allowable as deduction u/s 37 of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore bench held that revenue expenditure incurred for the scientific research is allowed as deduction under Section 37 of the Income Tax Act, 1961.The...
![Revenue Expenditure incurred for Scientific Research allowable as deduction u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Revenue-Revenue-Expenditure-Revenue-Expenditure-incurred-for-Scientific-Research-taxscan.jpg "Revenue Expenditure incurred for Scientific Research allowable as deduction u/s 37 of Income Tax Act: ITAT [Read Order]")