![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]")
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...
![Income Tax Dept cannot Rely on Press Notes to Determine Arms Length Price of Sales for Payment of Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Dept-Income-Tax-Income-Income-Tax-Dept-cannot-Rely-on-Press-Notes-Press-Notes-Arms-Length-Price-of-Sales-for-Payment-of-Royalty-ITAT-Taxscan.jpg "Income Tax Dept cannot Rely on Press Notes to Determine Arms Length Price of Sales for Payment of Royalty: ITAT [Read Order]")
![No Obligation on Bank to Deduct TDS from Interests on FD Paid to Jammu Development Authority: J & K and Ladakh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Obligation-on-Bank-to-Deduct-TDS-from-Interests-on-FD-Bank-Deduct-TDS-from-Interests-on-FD-Paid-to-Jammu-Development-Authority-J-K-and-Ladakh-High-Court-TDS-Taxscan.jpg "No Obligation on Bank to Deduct TDS from Interests on FD Paid to Jammu Development Authority: J & K and Ladakh HC [Read Order]")
![Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Non-Compliance-Notice-appeal-proceedings-ITAT-Deposit-Cost-PM-Relief-Fund-TAXSCAN-.jpg "Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]")
No Addition can be Made on Different Rates Booked By Real Estate Broker for Selling Property between Different Buyers: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that addition should not be made on different rates booked by real estate brokers for selling property between the different buyers. ...
![No Addition can be Made on Different Rates Booked By Real Estate Broker for Selling Property between Different Buyers: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Addition-can-be-Made-on-Different-Rates-Booked-By-Real-Estate-Broker-Addition-Real-Estate-Broker-Selling-Property-between-Different-Buyers-ITAT-Taxscan.jpg "No Addition can be Made on Different Rates Booked By Real Estate Broker for Selling Property between Different Buyers: ITAT [Read Order]")
ITAT deletes 5% disallowance out of repair and maintenance expenses claimed under Sanitation Segment [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench deleted the 5% disallowance made by the assessing officer out of repair and maintenance expenses claimed under the sanitation segment . The...
![ITAT deletes 5% disallowance out of repair and maintenance expenses claimed under Sanitation Segment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-disallowance-repair-maintenance-expenses-Sanitation-Segment-taxscan.jpg "ITAT deletes 5% disallowance out of repair and maintenance expenses claimed under Sanitation Segment [Read Order]")
Relief to CCTEB India: Delhi HC Releases Provisionally Attached Rs 42 Crores Available as Fixed Deposit [Read Order]
In a major relief to CCTEB India Private Limited, the Delhi High Court released provisionally attached Rs 42 crores available as Fixed Deposit. The Counsel for the petitioner submitted that...
![Relief to CCTEB India: Delhi HC Releases Provisionally Attached Rs 42 Crores Available as Fixed Deposit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CCTEB-CCTEB-India-Relief-to-CCTEB-India-Delhi-HC-Delhi-HC-Releases-Provisionally-Attached-Rs-42-Crores-taxscan.jpg "Relief to CCTEB India: Delhi HC Releases Provisionally Attached Rs 42 Crores Available as Fixed Deposit [Read Order]")
TDS Benefit shall be Allowed in Year under Consideration for which such Income is Assessable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench Ruled that the Tax Deduction at Source should be allowed in a year under consideration for which such income is assessable. Ignitive Digitech...
![TDS Benefit shall be Allowed in Year under Consideration for which such Income is Assessable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/TDS-TDS-Benefit-shall-be-Allowed-in-Year-under-Consideration-Consideration-Income-Assessable-ITAT-Taxscan.jpg "TDS Benefit shall be Allowed in Year under Consideration for which such Income is Assessable: ITAT [Read Order]")
AO fails to Show Conclusive Proof of Assessee being Benamidar of Registered Society: ITAT deletes Addition [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition on grounds of Assessing Officer (AO) failed to show conclusive proof that the assessee being a benamidar of...
![AO fails to Show Conclusive Proof of Assessee being Benamidar of Registered Society: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-AO-fails-to-Show-Conclusive-Proof-of-Assessee-Conclusive-Proof-Conclusive-Proof-of-Assessee-taxscan.jpg "AO fails to Show Conclusive Proof of Assessee being Benamidar of Registered Society: ITAT deletes Addition [Read Order]")
![Penalty u/s 271(1)(c) of Income Tax Act is not Leviable on Estimated Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Penalty-Income-Tax-Act-Estimated-Addition-Addition-ITAT-Taxscan.jpg "Penalty u/s 271(1)(c) of Income Tax Act is not Leviable on Estimated Addition: ITAT [Read Order]")
Creation of Cadre of Officers for CIT(A) not Mandatory Scheme of Income Tax Act: Allahabad HC Dismisses Challenge on Appointment of CIT(A) [Read Order]
In a recent decision the Allahabad High Court observed that the Creation of cadre of officers for Commissioner of Income Tax (Appeals) (CIT (A)) not mandatory scheme of the Income Tax Act, 1961 and...
![Creation of Cadre of Officers for CIT(A) not Mandatory Scheme of Income Tax Act: Allahabad HC Dismisses Challenge on Appointment of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Creation-of-Cadre-of-Officers-for-CIT-A-Mandatory-Scheme-of-Income-Tax-Act-Allahabad-HC-Dismisses-Challenge-on-Appointment-of-CITA-TAXSCAN.jpg "Creation of Cadre of Officers for CIT(A) not Mandatory Scheme of Income Tax Act: Allahabad HC Dismisses Challenge on Appointment of CIT(A) [Read Order]")