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ITAT Allows 80JJAA Deduction Despite Delay in Filing Form 10DA, Terms It Procedural [Read Order]

Sneha Sukumaran Mullakkal

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT) allowed the claim for deduction under Section 80JJAA of Income Tax Act,1961, despite a...

‘Detailed Enquiry and Proper Application of Mind by AO While Allowing Deduction u/s 80P(2)(d)’: ITAT...

Relief to Muthoot Bankers: ITAT Allows ₹5L Interest Deduction u/s 40(b) as Payment was within 12%...

Deduction of VRS Compensation by Auto Dealer: ITAT Remands to Verify if Amount was Disallowed while...

Income Tax Deduction u/s 80HHC Had to Be Given Without Reducing S. 80IB Deduction: Madras HC Follows...

S.80-IC Deduction Must Be Computed Solely on Eligible Unit’s Profit, ITAT Bars Set-Off of Non-Eligible Unit Losses [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) recently reaffirmed that deductions under section 80-IC of the Income Tax Act, 1961 must be computed solely on the profit of the...

How to Save Tax Legally in India: 10 Smart Tips you Must Know

The Indian Income Tax Act offers several provisions that allow taxpayers to reduce their taxable income through deductions and exemptions. By understanding the available deductions and exemptions...

TDS Forms Updated: Partner Payments to Be Reported Separately Under New Rule 194T [Read Order]

The Ministry of Finance, through the Central Board of Direct Taxes ( CBDT ), issued Notification No. G.S.R. 195(E) dated March 27, 2025, introducing an amendment to the Income-tax Rules, 1962. The...

TDS Forms Updated - TDS Forms - New Rule 194T - taxscan

ITAT Grants Section 80IA Deduction, Recognizes Infrastructure Development Role [Read Order]

The Income Tax Appellate Tribunal ( ITAT ) Mumbai has ruled in favor of Patil Construction and Infrastructure Ltd., allowing deductions under Section 80IA of the Income Tax Act, 1961 for Assessment...

Deduction u/s 80IA(4) cannot be Denied for Delayed Filing of Form 10CCB Audit Report: ITAT [Read Order]

The Pune Bench of Income Tax Appellate Tribunal(ITAT) ruled that the deduction under section 80IA(4) of Income Tax Act,1961 cannot be denied solely due to the delayed filing of Form 10CCB, as the...

Interest Income from Business Investments by Co-operative Society Eligible for Deduction u/s 80P(2)(a): ITAT [Read Order]

The Pune Bench of Income Tax appellate Tribunal (ITAT) held that interest income from Business investment earned by Cooperative Society is eligible for deduction under section 80(2)(a) of the Income...

Incorrect Rejection of S.80IC Deduction due to Village Name Discrepancy: ITAT Allows Appeal [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal filed by the assessee challenging the incorrect rejection of the Section 80IC of Income Tax Act,1961 deduction claim...