![ITAT quashes Disallowance of Car Expenses Incurred for Personal Use of Directors of Private Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quashes-Disallowance-of-Car-Expenses-ITAT-quashes-Disallowance-Car-Expenses-ITAT-Disallowance-Car-Expenses-Incurred-for-Personal-Use-Personal-Use-Private-Company-Taxscan.jpg "ITAT quashes Disallowance of Car Expenses Incurred for Personal Use of Directors of Private Company [Read Order]")
ITAT quashes Disallowance of Car Expenses Incurred for Personal Use of Directors of Private Company [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently quashed disallowance of car expenses incurred for personal use of directors...
![Departmental Authorities cannot Disallow Deduction u/s 35(2AB) of IT Act by ignoring Form 3CL issued by Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Departmental-Authorities-Deduction-IT-act-Form-3CL-issued-by-Competent-Authority-ITAT-taxscan.jpg "Departmental Authorities cannot Disallow Deduction u/s 35(2AB) of IT Act by ignoring Form 3CL issued by Competent Authority: ITAT [Read Order]")
![Deduction u/s 36(1) (va) Allowable Only if Employees’ Share in Relevant Funds Are Deposited before due Date Stipulated in Respective Acts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deduction-Employees-Share-in-Relevant-Funds-ITAT-Employees-Share-Relevant-Funds-taxscan.jpg "Deduction u/s 36(1) (va) Allowable Only if Employees’ Share in Relevant Funds Are Deposited before due Date Stipulated in Respective Acts: ITAT [Read Order]")
![Interest Income from Fixed Deposit is eligible for Deduction u/s 80IA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-from-Fixed-Deposit-Interest-Income-Income-from-Fixed-Deposit-Fixed-Deposit-Deduction-ITAT-Fixed-Deposit-is-eligible-for-Deduction-taxscan.jpg "Interest Income from Fixed Deposit is eligible for Deduction u/s 80IA: ITAT [Read Order]")
![ITAT disallows Deduction under Section 80P Due to Late Submission of Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-disallows-Deduction-ITAT-disallows-Deduction-Late-Submission-of-Return-Submission-of-Return-taxscan.jpg "ITAT disallows Deduction under Section 80P Due to Late Submission of Return [Read Order]")
Grants from West Bengal State Government to Co-operative Society not Income from other source: ITAT directs to allow Deduction u/s 80P [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Kolkata bench has held that grants from West Bengal State Government to cooperative societies are not income from other sources and directed to allow...
![Grants from West Bengal State Government to Co-operative Society not Income from other source: ITAT directs to allow Deduction u/s 80P [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/West-Bengal-State-Government-Co-operative-Society-not-Income-from-other-source-Co-operative-Society-Income-from-other-source-Deduction-ITAT-ITAT-directs-to-allow-Deduction-taxscan-1.jpg "Grants from West Bengal State Government to Co-operative Society not Income from other source: ITAT directs to allow Deduction u/s 80P [Read Order]")
![Deduction u/s 35(2AB) of Income Tax Act cannot be Denied Ignoring Form 3CL: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Deduction-Income-Tax-Act-Form-3CL-ITAT-taxscan.jpg "Deduction u/s 35(2AB) of Income Tax Act cannot be Denied Ignoring Form 3CL: ITAT [Read Order]")
Deduction u/s 80IC of IT Act shall not be denied if Assessee forms New Firm in same Name at same Premises: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that deduction under Section 80IC of Income Tax Act 1961 should not be denied if assessee form a new firm in the same...
![Deduction u/s 80IC of IT Act shall not be denied if Assessee forms New Firm in same Name at same Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Act-Deduction-Assessee-New-Firm-Premises-ITAT-Assessee-forms-New-Firm-same-Name-at-same-Premises-taxscan.jpg "Deduction u/s 80IC of IT Act shall not be denied if Assessee forms New Firm in same Name at same Premises: ITAT [Read Order]")
Ownership of Equipment in Bandwidth Selling Business: ITAT upholds Reduction in Profit eligible for Deduction in Revenue Sharing [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the reduction in profit eligible for deduction in revenue sharing as the assessee had the ownership of equipment in bandwidth...
![Ownership of Equipment in Bandwidth Selling Business: ITAT upholds Reduction in Profit eligible for Deduction in Revenue Sharing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Ownership-of-Equipment-in-Bandwidth-Selling-Business-Ownership-of-Equipment-Equipment-Selling-Business-ITAT-upholds-Reduction-ITAT-Deduction-in-Revenue-Sharing-Deduction-Revenue-Sharing-taxscan-.jpg "Ownership of Equipment in Bandwidth Selling Business: ITAT upholds Reduction in Profit eligible for Deduction in Revenue Sharing [Read Order]")
ITAT allows Deduction as Amendment in Section 36(1) (va) only Applicable from April 1st Onwards [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently allowed the deduction due to amendment in Section 36(1)(va) of Income Tax Act, 1961 is only applicable from April 1st onwards. ...
![ITAT allows Deduction as Amendment in Section 36(1) (va) only Applicable from April 1st Onwards [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-allows-Deduction-as-Amendment-in-Section-361-va-only-Applicable-TAXSCAN.jpg "ITAT allows Deduction as Amendment in Section 36(1) (va) only Applicable from April 1st Onwards [Read Order]")
ESI/PF Contribution made after due Date: ITAT Disallows Deduction u/s 143(1) (a) of IT Act for Late Deposit [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) recently disallowed the deduction under Section 143 B of the Income Tax Act, 1961 due to late deposit and ESI/PF contribution made...
![ESI/PF Contribution made after due Date: ITAT Disallows Deduction u/s 143(1) (a) of IT Act for Late Deposit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ESI-or-PF-Contribution-made-after-due-Date-ESI-PF-due-Date-ITAT-Disallows-Deduction-IT-Act-for-Late-Deposit-Deduction-IT-Act-Late-Deposit-Taxscan.jpg "ESI/PF Contribution made after due Date: ITAT Disallows Deduction u/s 143(1) (a) of IT Act for Late Deposit [Read Order]")