![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]")
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...
![Administrative Circular will not Operate as Fetter on Commissioner of Income Tax, remands to Consider Matter Afresh: Telangana HC allows to Operate Bank Account as Interim Measure [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Telangana-High-Court-Commissioner-of-Income-Tax-Administrative-circular-Telangana-High-Court-decision-Commissioner-of-Income-Tax-discretion-Operate-bank-account-as-interim-measure-TAXSCAN.jpg "Administrative Circular will not Operate as Fetter on Commissioner of Income Tax, remands to Consider Matter Afresh: Telangana HC allows to Operate Bank Account as Interim Measure [Read Order]")
![Income Tax cannot be levied on Income already paid: ITAT dismisses Interest u/S 234 A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Appellate-Tribunal-income-tax-ITAT-dismisses-interest-TAXSCAN.jpg "Income Tax cannot be levied on Income already paid: ITAT dismisses Interest u/S 234 A of Income Tax Act [Read Order]")
![ITAT Annual Digest [Part 53]](https://www.taxscan.in/wp-content/uploads/2024/01/Itat-Annualdigest-2023-part-53-TAXSCAN.jpg "ITAT Annual Digest [Part 53]")
Investment in Shares of Indian Subsidiary 'Capital Account Transaction' is not Income: Delhi HC [Read Order]
A Division Bench of the Delhi High Court ruled that the investment in the shares of an Indian subsidiary 'Capital Account Transaction' is not income. The present writ petitions have been filed...
![Investment in Shares of Indian Subsidiary Capital Account Transaction is not Income: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Investment-in-Shares-site-img.jpg "Investment in Shares of Indian Subsidiary Capital Account Transaction is not Income: Delhi HC [Read Order]")
Bonafide Delay in filing ITR: Himachal Pradesh HC allows deduction u/s 80IB(10) of Income Tax Act to H.P. Housing & Urban Development Authority [Read Order]
The Himachal Pradesh High Court allowed deduction under Section 80IB(10) of the Income Tax Act, 1961 to H.P. Housing & Urban Development Authority as there was bonafide delay in filing income tax...
![Bonafide Delay in filing ITR: Himachal Pradesh HC allows deduction u/s 80IB(10) of Income Tax Act to H.P. Housing & Urban Development Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITR-Bonafide-Delay-Bonafide-Delay-in-filing-ITR-Himachal-Pradesh-HC-Deduction-Income-Tax-Act-H.P.-Housing-Urban-Development-Authority-taxscan-1.jpg "Bonafide Delay in filing ITR: Himachal Pradesh HC allows deduction u/s 80IB(10) of Income Tax Act to H.P. Housing & Urban Development Authority [Read Order]")
Actual Interest Expenditure to be Adjusted against Income Earned by way of Interest under Income Tax Act: Delhi HC [Read Order]
In a recent decision the Delhi High Court ruled that actual interest expenditure to be adjusted against income earned by way of interest under the Income Tax Act, 1961. The appeal concerns...
![Actual Interest Expenditure to be Adjusted against Income Earned by way of Interest under Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Actual-Interest-Expenditure-Adjusted-against-Income-Earned-Interest-under-Income-Tax-Act-Delhi-HC-TAXSCAN.jpg "Actual Interest Expenditure to be Adjusted against Income Earned by way of Interest under Income Tax Act: Delhi HC [Read Order]")
Rejection of Application for Registration u/s 12A of Income Tax Act: Kerala HC directs Assessee to Appear before Commissioner of Income Tax [Read Order]
The Kerala High Court directed the assessee, TJ Vinod, to appear before the Commissioner of Income Tax in the matter of rejection of application for registration under Section 12A of the Income Tax...
![Rejection of Application for Registration u/s 12A of Income Tax Act: Kerala HC directs Assessee to Appear before Commissioner of Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Rejection-of-Application-for-Registration-Income-Tax-Act-Kerala-HC-Appear-Commissioner-of-Income-Tax-taxscan.jpg "Rejection of Application for Registration u/s 12A of Income Tax Act: Kerala HC directs Assessee to Appear before Commissioner of Income Tax [Read Order]")
Addition u/s 68 of Income Tax Act can't be made when Assessee Established Genuineness of Sundry Creditors: ITAT grants relief to Serco India [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) granted relief to Serco India and held that the addition under Section 68 of the Income Tax Act, 1961 cannot be made when the assessee...
![Addition u/s 68 of Income Tax Act cant be made when Assessee Established Genuineness of Sundry Creditors: ITAT grants relief to Serco India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Serco-India-Pvt.-Ltd-ITAT-Income-Tax-Act-grants-TAXSCAN.jpg "Addition u/s 68 of Income Tax Act cant be made when Assessee Established Genuineness of Sundry Creditors: ITAT grants relief to Serco India [Read Order]")
