![Capital Gain fully utilised for Acquisition of new Residential House Eligible for Income Tax Exemption u/s 54 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Gain-House-Eligible-for-Income-Tax-Exemption-Income-Tax-Act-ITAT-TAXSCAN.jpg "Capital Gain fully utilised for Acquisition of new Residential House Eligible for Income Tax Exemption u/s 54 of Income Tax Act: ITAT [Read Order]")
Capital Gain fully utilised for Acquisition of new Residential House Eligible for Income Tax Exemption u/s 54 of Income Tax Act: ITAT [Read Order]
The Delhi Income Tax Appellate Tribunal (ITAT) chaired by Yogesh Kumar US (Judicial Member) and Dr. B. R. R. Kumar (Accountant Member) held that the...
![No Suggestion by Tax Auditor to disallow EPF u/s 143(1): ITAT directs to delete Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-suggestion-by-Tax-Auditor-to-disallow-EPF-ITAT-directs-to-Delete-Additions-TAXSCAN.jpg "No Suggestion by Tax Auditor to disallow EPF u/s 143(1): ITAT directs to delete Additions [Read Order]")
![Additions Merely Based on Presumptions not Maintainable, When no Defects Found in the Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Books-of-Accounts-ITAT-taxscan.jpeg "Additions Merely Based on Presumptions not Maintainable, When no Defects Found in the Books of Accounts: ITAT [Read Order]")
![Interest on Loans obtained for Own Business Purposes Constitutes Business Expenditure, Deduction Allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Interest-Loans-Business-Business-Expenditure-Deduction-Allowable-ITAT-TAXSCAN.jpg "Interest on Loans obtained for Own Business Purposes Constitutes Business Expenditure, Deduction Allowable: ITAT [Read Order]")
![Cash Payment of Bonus to Employees: ITAT deletes Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-Payment-Bonus-Employees-ITAT-Income-Tax-Penalty-TAXSCAN.jpeg "Cash Payment of Bonus to Employees: ITAT deletes Income Tax Penalty [Read Order]")
Drawings made for Non-Business purposes are not allowable as Income Tax Deduction: ITAT [Read Order]
The Visakhapatnam bench of the Income Tax Appellate Tribunal (ITAT) has held that drawings made for non-business purposes are not allowable as a deduction under section 36(1)(iii) of the Income Tax...
![Drawings made for Non-Business purposes are not allowable as Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Drawings-non-business-Deduction-ITAT-taxscan.jpeg "Drawings made for Non-Business purposes are not allowable as Income Tax Deduction: ITAT [Read Order]")
![Interest Expenses on Fringe Benefits Tax is Penal in Nature, No Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Interest-Expenses-Fringe-Benefits-Tax-Deduction-ITAT-taxscan.jpg "Interest Expenses on Fringe Benefits Tax is Penal in Nature, No Deduction: ITAT [Read Order]")
Interest from FDRs made for Business Purposes and for getting Tender shall be treated as 'Business Income': ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the interest income received from the FDRs made for business purposes and for getting the tender from the Electricity Board...
![Interest from FDRs made for Business Purposes and for getting Tender shall be treated as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Interest-FDRs-Tender-Business-Income-ITAT-taxscan.jpeg "Interest from FDRs made for Business Purposes and for getting Tender shall be treated as Business Income: ITAT [Read Order]")
![Issuance of S. 143(2) Notice Mandatory for S. 153A Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Notice-Proceedings-ITAT-taxscan.jpeg "Issuance of S. 143(2) Notice Mandatory for S. 153A Proceedings: ITAT [Read Order]")
![Income Tax not applicable on Mere Physical Receipt of Income: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/06/Income-Tax-physical-receipt-income-Madras-High-Court-Taxscan.jpeg "Income Tax not applicable on Mere Physical Receipt of Income: Madras High Court [Read Judgment]")
Inclusion of Foreign Salary while Taxing Rent Free Accommodation received by Expat Employee: ITAT directs CIT(A) to re-consider Matter
The Income Tax Appellate Tribunal (ITAT), Delhi bench has directed the Commissioner of Income Tax (Appeals) to re-consider a matter where the question of whether the salary received from a foreign...
![Income Tax Assessment order passed in Name of Deceased person void ab-initio: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Assessment-order-ITAT-Taxscan.jpg "Income Tax Assessment order passed in Name of Deceased person void ab-initio: ITAT [Read Order]")