![Residential House Properties are shown as Stock in Trade in Books of Account: ITAT upholds allowing Deduction u/s 54F for Purchased New House Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Residential-House-Properties-Stock-Books-of-Account-ITAT-Deduction-House-Property-taxscan.jpg "Residential House Properties are shown as Stock in Trade in Books of Account: ITAT upholds allowing Deduction u/s 54F for Purchased New House Property [Read Order]")
Residential House Properties are shown as Stock in Trade in Books of Account: ITAT upholds allowing Deduction u/s 54F for Purchased New House Property [Read Order]
The Income Tax Appellate Tribunal, Jaipur Bench has upholds allowing deduction u/s 54F for purchased new house property since residential house...
![Income Tax Penalty cannot be levied for Bonafide and Inadvertent Mistake resulted in Excess Claim of Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/IncomeTax-Penalty-Bonafide-Claim-Deduction-ITAT-taxscan.jpeg "Income Tax Penalty cannot be levied for Bonafide and Inadvertent Mistake resulted in Excess Claim of Deduction: ITAT [Read Order]")
![Deduction u/s 80IB can be disallowed for Sale of Scrap generated during manufacturing process: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Deduction-sale-scrap-manufacturing-process-ITAT-taxscan.jpg "Deduction u/s 80IB can be disallowed for Sale of Scrap generated during manufacturing process: ITAT [Read Order]")
![Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/purchase-price-sugarcane-deduction-ITAT-taxscan.jpeg "Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]")
![Drawings made for Non-Business purposes are not allowable as Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Drawings-non-business-Deduction-ITAT-taxscan.jpeg "Drawings made for Non-Business purposes are not allowable as Income Tax Deduction: ITAT [Read Order]")
Deduction u/s 80IA of Income Tax Act cannot be disallowed on Failure of Form No.10CCB submission: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench has held that the Claim of deduction under section 80IA of IncomeTax Act 1961 cannot be disallowed only for the omission of From NO.10CCB...
![Deduction u/s 80IA of Income Tax Act cannot be disallowed on Failure of Form No.10CCB submission: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Deduction-f-Income-Tax-Act-ITAT-taxscan.jpg "Deduction u/s 80IA of Income Tax Act cannot be disallowed on Failure of Form No.10CCB submission: ITAT [Read Order]")
Expenses paid through Cheques based on Self-Made Voucher allowable as Income Tax Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has allowed the expenses paid through cheques based on the self-made voucher allowable as deduction under the Income Tax Act, 1961 as the same was...
![Expenses paid through Cheques based on Self-Made Voucher allowable as Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Expenses-Cheques-Self-Made-Voucher-Deduction-ITAT-taxscan.jpg "Expenses paid through Cheques based on Self-Made Voucher allowable as Income Tax Deduction: ITAT [Read Order]")
Foreign Exchange Derivative Losses can be allowed for Deduction as it is Notional Loss: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) comprising Shri P M Jagtap, accountant member and Shri Siddhartha Nautiyal, Judicial member has held that foreign exchange derivative...
![Foreign Exchange Derivative Losses can be allowed for Deduction as it is Notional Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Foreign-exchange-derivative-losses-deduction-notional-loss-ITAT-Taxscan.jpeg "Foreign Exchange Derivative Losses can be allowed for Deduction as it is Notional Loss: ITAT [Read Order]")
Set back to TATA Sponge: ITAT disallows Income Tax Deduction u/s 80 IA as Income from Eligible unit Not shown in Gross Total Income [Read Order]
The Cuttack Bench of Income Tax Appellate Tribunal ( ITAT ) has disallowed deduction u/s 80 IA since income from eligible unit not shown in gross total income. The appellant, Tata Sponge...
![Set back to TATA Sponge: ITAT disallows Income Tax Deduction u/s 80 IA as Income from Eligible unit Not shown in Gross Total Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/TATA-Sponge-ITAT-Deduction-Income-Gross-Total-Income-taxscan.jpeg "Set back to TATA Sponge: ITAT disallows Income Tax Deduction u/s 80 IA as Income from Eligible unit Not shown in Gross Total Income [Read Order]")
![Adjustment under Section 143(1)(a) is not permissible on Debatable Issue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Adjustment-permissible-debatable-issue-ITAT-taxscan.jpeg "Adjustment under Section 143(1)(a) is not permissible on Debatable Issue: ITAT [Read Order]")
![TDS Credit is allowable if it was not claimed in Subsequent Year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/TDS-credit-ITAT-Taxscan.jpg "TDS Credit is allowable if it was not claimed in Subsequent Year: ITAT [Read Order]")
SIDC eligible for S. 80IA Deduction in respect of Interest on Land Premium on Industrial Parks: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Dehradun bench has held that State Infrastructure & Industrial Development Corporation of Uttarakhand Ltd. (SIDC) is eligible for deduction under...
![SIDC eligible for S. 80IA Deduction in respect of Interest on Land Premium on Industrial Parks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/SIDC-Interest-Land-Premium-Industrial-Parks-ITAT-taxscan.jpg "SIDC eligible for S. 80IA Deduction in respect of Interest on Land Premium on Industrial Parks: ITAT [Read Order]")