![ITAT confirms 50% Disallowance of Motor Car and Bike Expenses due to Failure to Provide Details [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Disallowance-Motor-Car-expenses-Motor-Car-and-Bike-Expenses-Bike-Expenses-Disallowance-of-Motor-Car-and-Bike-Expenses-itat-news-on-Disallowance-of-Motor-Car-and-Bike-Expenses-tax-news-taxscan.jpg "ITAT confirms 50% Disallowance of Motor Car and Bike Expenses due to Failure to Provide Details [Read Order]")
ITAT confirms 50% Disallowance of Motor Car and Bike Expenses due to Failure to Provide Details [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the First Appellate Authority's decision by confirming a 50% disallowance of...
![TDS Applicability on Accounting Provisions made towards Unfinished Work: ITAT restores Case back to CIT (A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Payment-TDS-Interest-Revenue-Penalty-ITAT-Payment-of-TDS-taxscan.jpg "TDS Applicability on Accounting Provisions made towards Unfinished Work: ITAT restores Case back to CIT (A) [Read Order]")
![Adhoc Disallowance made without Rejecting Books of Account is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Adhoc-Disallowance-Rejecting-Books-of-Account-ITAT-TAXSCAN.jpg "Adhoc Disallowance made without Rejecting Books of Account is Invalid: ITAT [Read Order]")
![Disallowance u/s 57(ii) of Income Tax Act allowable on Expenses Incurred wholly for earning Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Disallowance-Income-Tax-Act-Expenses-Income-Other-Sources-ITAT-taxscan.jpg "Disallowance u/s 57(ii) of Income Tax Act allowable on Expenses Incurred wholly for earning Income from Other Sources: ITAT [Read Order]")
![Labor Expenses Capitalised in Land value, No Deduction claimed in P & L Account: ITAT deletes Addition of 1.74 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Labor-Expenses-Capitalised-Land-value-No-Deduction-claimed-in-P-L-Account-ITAT-taxscan.jpg "Labor Expenses Capitalised in Land value, No Deduction claimed in P & L Account: ITAT deletes Addition of 1.74 crore [Read Order]")
AO made No Reference to any Incriminating Material while Making Addition on TDR Transactions: ITAT dismisses Revenue's Appeal [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue's appeal as the Assessing Officer ( AO ) made no reference to any incriminating material while adding on TDR...
![AO made No Reference to any Incriminating Material while Making Addition on TDR Transactions: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Delhi-ITAT-Income-Tax-TDR-Transactions-Revenue-appeal-dismissal-ITAT-AO-assessment-TDR-Income-Tax-Taxscan.jpg "AO made No Reference to any Incriminating Material while Making Addition on TDR Transactions: ITAT dismisses Revenues Appeal [Read Order]")
CIT (A) Fails to Prove Records of Unsecured Loan Non -genuine: ITAT Deletes Disallowance of Rs. 116 crore [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) deleted the disallowance of Rs. 116 crore as Commissioner of Income Tax (Appeals) failed to prove the non-genuineness of records...
![CIT (A) Fails to Prove Records of Unsecured Loan Non -genuine: ITAT Deletes Disallowance of Rs. 116 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/CIT-A-Records-Unsecured-Loan-Non-genuine-ITAT-Disallowance-TAXSCAN.jpg "CIT (A) Fails to Prove Records of Unsecured Loan Non -genuine: ITAT Deletes Disallowance of Rs. 116 crore [Read Order]")
Disallowance of Depreciation Claim on Goodwill: Suzlon Energy Ltd gets slapped with ₹260.35 Cr Income Tax Penalty
Suzlon Energy Ltd, a company dedicated to providing renewable energy solutions, faced a setback recently when it was hit with a hefty penalty of ₹260.35 crore by the National Faceless Assessment...
No Disallowance on payments towards PF and ESI made before due date of filing Income Tax Return u/s 139(1) of Act: ITAT [Read Order]
The Mumbai bench Income Tax Appellate Tribunal (ITAT) held that there was no disallowance on  payment towards the Provident Fund and Employee State Insurance (ESI) made before the due date of filing...
![No Disallowance on payments towards PF and ESI made before due date of filing Income Tax Return u/s 139(1) of Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/disallowance-payments-PF-and-ESI-Income-Tax-Return-us-1391-of-Act-ITAT-TAXSCAN.jpg "No Disallowance on payments towards PF and ESI made before due date of filing Income Tax Return u/s 139(1) of Act: ITAT [Read Order]")
Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]
In a recent decision, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has provided relief to Piramal Enterprises by instructing the Assessing Officer ( AO ) to reassess the...
![Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Relief-to-Piramal-Enterprises-Piramal-Enterprises-ITAT-AO-Re-adjudicate-taxscan.jpg "Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]")