![ITAT upholds Allowance of Deduction u/s 10AA of Income Tax Act on ground of Proper e-filing of Form 56F [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/deduction-claim-allow-filing-electronic-filing-form-56F-income-tax-upheld-ITAT-taxscan.jpg "ITAT upholds Allowance of Deduction u/s 10AA of Income Tax Act on ground of Proper e-filing of Form 56F [Read Order]")
ITAT upholds Allowance of Deduction u/s 10AA of Income Tax Act on ground of Proper e-filing of Form 56F [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) upheld the allowance of deduction by the Commissioner of Income Tax (Appeals) under...
![Service of Construction of Affordable Residential Apartments attracts 1.5% GST alongwith Deduction of 1/3rd of Total Supply Value: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Service-of-construction-Affordable-Residential-Apartments-Deduction-Supply-Value-AAR-taxscan.jpg "Service of Construction of Affordable Residential Apartments attracts 1.5% GST alongwith Deduction of 1/3rd of Total Supply Value: AAR [Read Order]")
![Deduction u/s 80P of Income Tax Act shall not be allowed on Interest Income earned from Nationalized Banks: ITAT upholds CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Deduction-Income-Tax-Act-shall-not-be-allowed-on-Interest-Income-earned-from-Nationalized-Banks-ITAT-Upholds-CITA-order-TAXSCAN.jpg "Deduction u/s 80P of Income Tax Act shall not be allowed on Interest Income earned from Nationalized Banks: ITAT upholds CIT(A) Order [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]](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]")
![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 can't be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned from commercial activity cannot be claimed as a deduction under Section 80P of the Income Tax Act, 1961. ...
![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]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that mere delay on the part of the developer to hand over the possession of the flat would not vitiate the claim of the assessee and...
![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]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that the compensation paid by the builder for delay in handing over the possession of the flat is a part of a work-in-progress, thus,...
![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]")