![Development of Commercial Project along with Residential Project: ITAT directs readjudication for claiming deduction u/s 80IB(10) Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Development-Development-of-Commercial-Project-Commercial-Project-ITAT-taxscan.jpg "Development of Commercial Project along with Residential Project: ITAT directs readjudication for claiming deduction u/s 80IB(10) Income Tax Act [Read Order]")
Development of Commercial Project along with Residential Project: ITAT directs readjudication for claiming deduction u/s 80IB(10) Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune bench held that, while noting the development of commercial projects by assessee along with residential...
![Failure to Substantiate Source of Claim of Investment for claiming S.54F Deduction: ITAT upholds Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-to-Substantiate-Claim-of-Investment-Deduction-ITAT-upholds-Income-Tax-Addition-Income-Tax-Addition-ITAT-Investment-taxscan.jpg "Failure to Substantiate Source of Claim of Investment for claiming S.54F Deduction: ITAT upholds Income Tax Addition [Read Order]")
![Non-Consideration of Evidence on Deduction Claim u/s 54B and Capital Gains Exemption on Sale of Agricultural Land: ITAT remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Non-Consideration-Evidence-Deduction-Claim-Capital-Gains-Exemption-Sale-of-Agricultural-Land-ITAT-remands-Matter-AO-taxscan.jpg "Non-Consideration of Evidence on Deduction Claim u/s 54B and Capital Gains Exemption on Sale of Agricultural Land: ITAT remands Matter to AO [Read Order]")
![Delayed Payment of TCS and GST is not Penalty, Allowable as Deduction u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delayed-Payment-TCS-GST-Penalty-Deduction-Income-Tax-Act-ITAT-taxscan.jpg "Delayed Payment of TCS and GST is not Penalty, Allowable as Deduction u/s 37 of Income Tax Act: ITAT [Read Order]")
Relief to Honda: ITAT allows Claim of Deduction of Expenses for Technical Know-How Services [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to allow assessee’s claim of deduction in respect of technical know-how payment on the basis of decision of...
![Relief to Honda: ITAT allows Claim of Deduction of Expenses for Technical Know-How Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Relief-Honda-ITAT-Claim-Deduction-Expenses-Technical-Know-How-Services-TAXSCAN.jpg "Relief to Honda: ITAT allows Claim of Deduction of Expenses for Technical Know-How Services [Read Order]")
Technical know-how fee received by Bajaj Auto ltd. fall under category of Royalty and is eligible for deduction u/s 80-O of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the technical know-how fee received by Bajaj Auto Ltd. falls under the category of royalty and hence is eligible for deduction...
![Technical know-how fee received by Bajaj Auto ltd. fall under category of Royalty and is eligible for deduction u/s 80-O of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Technical-fee-Bajaj-Auto-ltd-Royalty-eligible-deduction-Income-Tax-Act-ITAT-TAXSCAN.jpg "Technical know-how fee received by Bajaj Auto ltd. fall under category of Royalty and is eligible for deduction u/s 80-O of Income Tax Act: ITAT [Read Order]")
ITAT grants Deduction u/s 80IB(10) for Following Consideration Failure for Permissions and Timely Completion of Separate Housing Project [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal held that Assessee cannot be denied claim of exemption under Section 80IB(10) for he obtained each block and usage permission from local...
![ITAT grants Deduction u/s 80IB(10) for Following Consideration Failure for Permissions and Timely Completion of Separate Housing Project [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-grants-Deduction-Completion-Separate-Housing-Project-Housing-Project-taxscan.jpg "ITAT grants Deduction u/s 80IB(10) for Following Consideration Failure for Permissions and Timely Completion of Separate Housing Project [Read Order]")
Corpus Contribution to Donee related to CSR Activities Eligible to Deduction u/s 80G of Income Tax Act: ITAT directs AO to Verify Genuineness of Facts [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed the (Assessing Officer) to verify the genuineness of facts holding that the corpus contribution to the donee related to Corporate...
![Corpus Contribution to Donee related to CSR Activities Eligible to Deduction u/s 80G of Income Tax Act: ITAT directs AO to Verify Genuineness of Facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/CSR-Activities-Corpus-Contribution-Deduction-Income-Tax-Act-AO-ITAT-taxscan.jpg "Corpus Contribution to Donee related to CSR Activities Eligible to Deduction u/s 80G of Income Tax Act: ITAT directs AO to Verify Genuineness of Facts [Read Order]")
Weighted Deduction allowable u/s 35(2AB) of Income Tax Act when DSIR has Passed an Order Granting Approval in Form 3CM: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the weighted deduction is allowable under Section 35(2AB) of the Income Tax Act, 1961 when the Department of Scientific and...
![Weighted Deduction allowable u/s 35(2AB) of Income Tax Act when DSIR has Passed an Order Granting Approval in Form 3CM: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Weighted-Deduction-Income-Tax-Act-when-DSIR-Form-3CM-ITAT-taxscan.jpg "Weighted Deduction allowable u/s 35(2AB) of Income Tax Act when DSIR has Passed an Order Granting Approval in Form 3CM: ITAT [Read Order]")
Provision for retirement pension of Hindustan Unilever employees is made for Business Purpose: ITAT allows deduction [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench, while allowing deduction in respect of retirement pension of employees of Hindustan Unilever employees observed that provision for the...
![Provision for retirement pension of Hindustan Unilever employees is made for Business Purpose: ITAT allows deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Provision-for-retirement-pension-Provision-for-retirement-pension-of-Hindustan-Unilever-employees-Business-Purpose-ITAT-allows-deduction-ITAT-taxscan.jpg "Provision for retirement pension of Hindustan Unilever employees is made for Business Purpose: ITAT allows deduction [Read Order]")
Fee paid to holding company for advisory service during course of business is allowable as deduction u/s 37 of Income Tax Act: ITAT upholds DRP decision [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that fees paid to the holding company for advisory services during the course of business is allowed as the deduction under Section 37 of...
![Fee paid to holding company for advisory service during course of business is allowable as deduction u/s 37 of Income Tax Act: ITAT upholds DRP decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Fee-paid-to-holding-company-dvisory-service-during-course-of-business-deduction-Income-Tax-Act-ITAT-upholds-DRP-decision-taxscan.jpg "Fee paid to holding company for advisory service during course of business is allowable as deduction u/s 37 of Income Tax Act: ITAT upholds DRP decision [Read Order]")