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

Sneha Sukumaran Mullakkal

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...

Interest Income from Business Investments by Co-operative Society Eligible for Deduction u/s...

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

CA - Chartered Accountant l - Fraudulent Transfer - Chartered accountant lose money - investment scam - taxscan

CA Loses ₹1.5 Lakh in Fraudulent Transfer after Clicking Instagram Investment Ad

Taxpayer is Eligible for Deduction u/s 80IA (4) for Operating and Maintaining Infrastructure...

Capital Gain Exemption Shall Not Be Denied Merely Due To Claim Made Additionally: ITAT [Read Order]

The Raipur Bench of Income Tax Appellate Tribunal (ITAT) ruled that the capital gain exemption shall not be denied just because the claim was made additionally in the revision assessment. The...

Interest Income from Fixed Deposits Can be Set Off against Property Maintenance Expenses: ITAT [Read Order]

The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) recently held in a case that interest income from fixed deposits can be set off against property maintenance expenses. The assessee/...

Interest Expenditure incurred for Earning Income Chargeable under "Income from Business and Profession" Eligible for Deduction u/s 36(1)(iii): ITAT [Read Order]

The two member bench of the Income Tax appellate Tribunal (ITAT), Raipur, has ruled that Expenditures incurred for earning income chargeable under "Income from Other Sources" should be eligible for...

Section 80IA Deduction not allowable for Belated Income Tax Returns: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ) bench of Nagpur, referring to the Calcutta High Court decision ruled that deduction under Section 80IA of Income Tax Act, 1961 not allowable for the...

S. 36(1)(viia) Deduction not allowable without Provision for Bad and Doubtful Debts in Books of Account: ITAT [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that deduction under Section 36(1)(viia) of Income tax Act, 1961 is not allowed without any provision for Bad and Doubtful...

NBFC Loan to its Sister Concern is for Mere Shift of Funds from One Entity to Another: ITAT rejects Bad Debt Claim [Read Order]

Recently, the Income Tax Appellate Authority ( ITAT ) of Delhi disallowed a bad debt deduction claim upholding the CIT(A)’s decision stating the loan provided by the NBFC to its sister concern was...

LTCG of Mauritius Company on Sale of Shares of Indian Investment made before 1st April 2017 is not Taxable in India: ITAT [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal ruled that the Long term Capital Gain ( LTCG ) of Mauritius Company on the sale of shares of an Indian investment made before the 1st April 2024...

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