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AO rejects Deduction u/s 10AA due to Delaying filing Form 56F: ITAT rules Forms are Directory, cannot take away Rights [Read Order]

Navasree A.M

The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad bench has dismissed the Revenue’s appeal against the allowance of deduction under Section 10AA...

Deduction u/s 80JJAA Disallowed for Non-Filing of Form 10DA: ITAT Restores Matter to AO, Treating...

ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After...

Deduction u/s 80P(2)(d) Confined to Co-operative Bank Deposits, RRB Interest Treated Separately with...

New Income Tax TDS Form, Requirements from April 1, 2026 with New Act, Rules Implementation: Find...

100 bed Requirement for Hospital’s Claim u/s 35AD(8): ITAT allows Deduction after Accepting Medical Director’s Certificate [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Chennai Bench, has upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)] allowing a substantial deduction claimed by a hospital under...

Kerala Co-op Bank Secures Tax Win: ITAT allows ₹16.5 Lakh Deduction u/s 80P [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cochin bench, has ruled in favor of the appellant a Co-operative Bank, allowing a deduction of ₹16.48 lakh under Section 80P of the Income Tax Act, 1961....

Interest from Cooperative Banks Eligible for 80P Deduction: ITAT Allows ₹12.53 Lakh Claim Treating Banks as Societies [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) held that interest earned from deposits/investments with cooperative banks qualifies for deduction under Section 80P(2)(d) of the Income ...

Total Income 100% Tax-Exempt if S.80P Deduction Allowed: ITAT dismisses appeal noting No Effect on Disallowances [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the appeal, noting that disallowances made by the Assessing Officer (AO) had no tax effect as the assessee was already...

Relief for Genpact: ITAT Allows S.10AA Deduction on Interest from FDs and Staff Loans [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Genpact India Pvt. Ltd. by allowing deduction under Section 10AA of Income Tax Act,1961 on interest income earned from...

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

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT) allowed the claim for deduction under Section 80JJAA of Income Tax Act,1961, despite a 29-day delay in filing Form 10DA, treating the...

‘Detailed Enquiry and Proper Application of Mind by AO While Allowing Deduction u/s 80P(2)(d)’: ITAT Quashes PCIT’s Revision Order [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) quashed the revision order passed by the Principal Commissioner of Income Tax (PCIT)-3, Pune, under Section 263 of the Income-tax Act,...