![Belated Filing of ITR due to Delay in Statutory Audit Completion, 80B Deduction Denied: Madras HC Condones Delay, Remands for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Madras-High-Court-Filing-of-ITR-Delay-in-Statutory-Audit-Completion-Statutory-Audit-TAXSCAN.jpg "Belated Filing of ITR due to Delay in Statutory Audit Completion, 80B Deduction Denied: Madras HC Condones Delay, Remands for Reconsideration [Read Order]")
Belated Filing of ITR due to Delay in Statutory Audit Completion, 80B Deduction Denied: Madras HC Condones Delay, Remands for Reconsideration [Read Order]
In a recent ruling, the Madras High Court condoned the delay of the Income Tax Returns ( ITR ) filed by the Agricultural Co-operative Credit Society...
![Assessee not expected to keep E-Portal of Income Tax Dept open all time to have Knowledge of what is being Done: Punjab and Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Punjab-and-Haryana-High-Court-Income-Tax-Income-Tax-Department-Income-Tax-Portal-taxscan.jpg "Assessee not expected to keep E-Portal of Income Tax Dept open all time to have Knowledge of what is being Done: Punjab and Haryana HC [Read Order]")
![CIT (A) Fails to Prove Records of Unsecured Loan Non -genuine: ITAT Deletes Disallowance of Rs. 116 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/CIT-A-Records-Unsecured-Loan-Non-genuine-ITAT-Disallowance-TAXSCAN.jpg "CIT (A) Fails to Prove Records of Unsecured Loan Non -genuine: ITAT Deletes Disallowance of Rs. 116 crore [Read Order]")
![Filing of Application in Wrong Section code in Form-10A: Orissa HC Restores Application for Registration u/s 12AB of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Orissa-High-Court-Income-Tax-Filing-of-Application-Form-10A-TAXSCAN.jpg "Filing of Application in Wrong Section code in Form-10A: Orissa HC Restores Application for Registration u/s 12AB of Income Tax Act [Read Order]")
![Imposition to Remit 15% of Total Income Tax Demand for Grant of Stay is Arbitrary: Kerala HC sets aside Condition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-Kerala-high-court-Income-Tax-Demand-Stay-Imposition-TAXSCAN.jpg "Imposition to Remit 15% of Total Income Tax Demand for Grant of Stay is Arbitrary: Kerala HC sets aside Condition [Read Order]")
![No Denial of Capital Gains Deduction u/s 54 once Requisite Conditions are Met: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Capital-Gains-Deduction-us-54-Conditions-Met-ITAT-TAXSCAN.jpg "No Denial of Capital Gains Deduction u/s 54 once Requisite Conditions are Met: ITAT [Read Order]")
Gross Receipts of Charitable Trust Exceeding Threshold Mentioned u/s 2(15) of Income Tax Act Not a Ground for Registration Cancellation: ITAT [Read Order]
In a major ruling, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) noted that surpassing the threshold of gross receipts for charitable trusts as outlined in Section 2(15) of the Income...
![Gross Receipts of Charitable Trust Exceeding Threshold Mentioned u/s 2(15) of Income Tax Act Not a Ground for Registration Cancellation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Gross-Receipts-of-Charitable-Trust-Mentioned-us-215-of-Income-Tax-Act-Registration-Cancellation-ITAT-TAXSCAN.jpg "Gross Receipts of Charitable Trust Exceeding Threshold Mentioned u/s 2(15) of Income Tax Act Not a Ground for Registration Cancellation: ITAT [Read Order]")
Application for approval u/s 80G of Income Tax Act filed within Prescribed Time limit: ITAT allows appeal [Read Order]
The Pune bench of Income Tax Appellate Tribunal ( ITAT ) while allowing the appeal filed by the assessee held that application for approval under section 80G of the Income Tax Act filed within the...
![Application for approval u/s 80G of Income Tax Act filed within Prescribed Time limit: ITAT allows appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Pune-ITAT-Income-Tax-Prescribed-time-limit-ITAT-Prescribed-Time-limit-taxscan.jpg "Application for approval u/s 80G of Income Tax Act filed within Prescribed Time limit: ITAT allows appeal [Read Order]")
No Addition shall be made towards Income without Rejecting Books of Accounts: Delhi HC [Read Order]
In a significant case the Delhi Court held addition should not be made towards the income without reacting to the books of accounts. Therefore the bench dismissed the appeal file dby the revenue. ...
![No Addition shall be made towards Income without Rejecting Books of Accounts: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Delhi-High-Court-Books-of-Accounts-Rejection-Books-of-Accounts-taxscan.jpg "No Addition shall be made towards Income without Rejecting Books of Accounts: Delhi HC [Read Order]")
Father's Gift to son substantiated with Evidence: ITAT directs AO to delete addition on Agricultural Income [Read Order]
The single member bench of the Income Tax Appellate Tribunal ( ITAT ), Hyderabad, directed the Assessing Officer (AO) to delete the addition of agricultural income, substantiating that the father's...
![Fathers Gift to son substantiated with Evidence: ITAT directs AO to delete addition on Agricultural Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Fathers-Gift-son-substantiated-Evidence-ITAT-directs-AO-Agricultural-Income-taxscan.jpg "Fathers Gift to son substantiated with Evidence: ITAT directs AO to delete addition on Agricultural Income [Read Order]")
Failure to Confirm Authenticity of Activities and Compliance with Relevant Laws: ITAT Remands matter to Consider Registration of Trust u/s 12 AA of Income Tax Act [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter for consideration of the registration of the trust under Section 12AA of the Income Tax Act, 1961, due to the failure to...
![Failure to Confirm Authenticity of Activities and Compliance with Relevant Laws: ITAT Remands matter to Consider Registration of Trust u/s 12 AA of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/authenticity-of-activities-and-compliance-relevant-laws-ITAT-consider-registration-trust-Income-Tax-Act-TAXSCAN.jpg "Failure to Confirm Authenticity of Activities and Compliance with Relevant Laws: ITAT Remands matter to Consider Registration of Trust u/s 12 AA of Income Tax Act [Read Order]")
No claim for weighted Deduction on donation can be claimed u/s 35(1) (ii) of Income Tax Act: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that No claim for weighted deduction on donation can be claimed under Section 35(1) (ii) of Income Tax Act, 1961 The...
![No claim for weighted Deduction on donation can be claimed u/s 35(1) (ii) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Ahmedabad-Income-Tax-weighted-deduction-weighted-deduction-on-donation-taxscan.jpg "No claim for weighted Deduction on donation can be claimed u/s 35(1) (ii) of Income Tax Act: ITAT [Read Order]")