![Deduction on Interest Income Earned from Co-Operative Bank u/s 80P(2)(d) allowed: ITAT sets aside order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Deduction-Interest-Income-Co-operative-Bank-ITAT-income-tax-taxscan.jpg "Deduction on Interest Income Earned from Co-Operative Bank u/s 80P(2)(d) allowed: ITAT sets aside order of CIT(A) [Read Order]")
Deduction on Interest Income Earned from Co-Operative Bank u/s 80P(2)(d) allowed: ITAT sets aside order of CIT(A) [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] and directed the...
![Income from Car Parking Rental Eligible for Deduction u/s 80IA of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-Car-Parking-rental-Eligible-Deduction-Income-Tax-Act-ITAT-taxscan-1.jpg "Income from Car Parking Rental Eligible for Deduction u/s 80IA of Income Tax Act: ITAT [Read Order]")
![Income earned from Commercial Activity cant be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deduction-Income-Tax-Act-Income-Income-earned-from-Commercial-Activity-income-tax-taxscan.jpg "Income earned from Commercial Activity cant be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]")
![Mere Delay of Developer to Handover Possession of Flat would not Vitiate Claim of Assessee: ITAT Allows Capital Gain Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Delay-of-Developer-Possession-of-Flat-Flat-Claim-ITAT-Capital-Gain-Deduction-Capital-Gain-Deduction-ITAT-Allows-Capital-Gain-Deduction-taxscan.jpg "Mere Delay of Developer to Handover Possession of Flat would not Vitiate Claim of Assessee: ITAT Allows Capital Gain Deduction [Read Order]")
![Compensation paid by Builder for Delay in Handing over Possession of Flat is part of Work-In-Progress: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Compensation-paid-Builder-for-Delay-in-Handing-over-Possession-of-Flat-Possession-of-Flat-Work-In-Progress-ITAT-allows-Deduction-taxscan.jpg "Compensation paid by Builder for Delay in Handing over Possession of Flat is part of Work-In-Progress: ITAT allows Deduction [Read Order]")
Plea for Deduction of Professional and Salary Expenses u/s 201 of Income Tax Act: ITAT Condones Delay of 85 Days [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) in the absence of deliberate or intentional or gross negligence and hence condoned the delay of 85 days and allowed the plea for deduction of...
![Plea for Deduction of Professional and Salary Expenses u/s 201 of Income Tax Act: ITAT Condones Delay of 85 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Plea-for-Deduction-of-Professional-and-Salary-Expenses-Income-Tax-Act-ITAT-Condones-Delay-TAXSCAN.jpg "Plea for Deduction of Professional and Salary Expenses u/s 201 of Income Tax Act: ITAT Condones Delay of 85 Days [Read Order]")
Interest Income Earned from Scheduled Banks would not be Entitled to Deduction Under Section 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the interest income earned from the scheduled banks would not be entitled to deduction under section 80P(2)(a)(i) or...
![Interest Income Earned from Scheduled Banks would not be Entitled to Deduction Under Section 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-income-scheduled-bank-deduction-ITAT-income-tax-taxscan.jpg "Interest Income Earned from Scheduled Banks would not be Entitled to Deduction Under Section 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]")
Claim of Deduction u/s 80-IA of Income Tax Act Rejected due to Delay in Filing Income Tax Returns: ITAT Directs Re-adjudication [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the rejection of the claim of deduction under section 80-IA of the Income Tax Act,1961...
![Claim of Deduction u/s 80-IA of Income Tax Act Rejected due to Delay in Filing Income Tax Returns: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-of-Deduction-Income-Tax-Act-Delay-in-Filing-Income-Tax-Returns-Filing-Income-Tax-Return-Income-Tax-Return-ITAT-Directs-Re-adjudication-taxscan.jpg "Claim of Deduction u/s 80-IA of Income Tax Act Rejected due to Delay in Filing Income Tax Returns: ITAT Directs Re-adjudication [Read Order]")
![Loss Incurred by Embezzlement is an Admissible Deduction: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Loss-Loss-Incurred-by-Embezzlement-Admissible-Deduction-ITAT-allows-Appeal-Embezzlement-income-tax-taxscan-3.jpg "Loss Incurred by Embezzlement is an Admissible Deduction: ITAT allows Appeal [Read Order]")
Internet Subscription Expenses incurred for members of Housing Society are not eligible for Deduction u/s 57 of Income Tax Act: ITAT [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) has held that the Internet subscription expenses incurred for members of housing society are not eligible for deduction under...
![Internet Subscription Expenses incurred for members of Housing Society are not eligible for Deduction u/s 57 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Internet-Subscription-Expenses-incurred-for-members-of-Housing-Society-are-not-eligible-for-Deduction-Income-Tax-Act-ITAT-TAXSCAN.jpg "Internet Subscription Expenses incurred for members of Housing Society are not eligible for Deduction u/s 57 of Income Tax Act: ITAT [Read Order]")
Claim for Deduction of Loss on Sale of Shares Denied on ground of Invalid Filing of Revised ROI: ITAT Directs Re-adjudication [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT) directed the assessing officer to re-adjudicate the rejection of the claim for deduction of loss on sale of shares due to invalid filing of...
![Claim for Deduction of Loss on Sale of Shares Denied on ground of Invalid Filing of Revised ROI: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-for-Deduction-of-Loss-on-Sale-of-Shares-Invalid-Filing-of-Revised-ROI-Claim-for-Deduction-Loss-on-Sale-of-Shares-ITAT-Direct-Re-adjudication-taxscan.jpg "Claim for Deduction of Loss on Sale of Shares Denied on ground of Invalid Filing of Revised ROI: ITAT Directs Re-adjudication [Read Order]")
Deduction u/s 54 F Income Tax Act shall not be denied by reason of Sale Amount is not deposited in Capital Gain Account: ITAT [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT) has held that deduction under Section 54 F Income Tax Act, 1961 should not be denied by reason of sale amount not...
![Deduction u/s 54 F Income Tax Act shall not be denied by reason of Sale Amount is not deposited in Capital Gain Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deduction-Income-Tax-Act-Sale-Amount-Sale-Amount-is-not-deposited-in-Capital-Gain-Account-deposited-Capital-Gain-Account-Capital-Gain-ITAT-Taxscan.jpg "Deduction u/s 54 F Income Tax Act shall not be denied by reason of Sale Amount is not deposited in Capital Gain Account: ITAT [Read Order]")