![Disallowance u/s 40A(3) of Income Tax Act on Purchase of Meat due to Failure of Assessee to Prove Identity of Suppliers and Genuiness of Purchase in Cash: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-Income-Tax-Act-Purchase-Meat-Failure-Assessee-Prove-Identity-Suppliers-Genuiness-Purchase-Cash-ITAT-TAXSCAN.jpg "Disallowance u/s 40A(3) of Income Tax Act on Purchase of Meat due to Failure of Assessee to Prove Identity of Suppliers and Genuiness of Purchase in Cash: ITAT [Read Order]")
Disallowance u/s 40A(3) of Income Tax Act on Purchase of Meat due to Failure of Assessee to Prove Identity of Suppliers and Genuiness of Purchase in Cash: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that in absence of any evidence in support of identity and genuineness of the appellant...
![Penalty u/s 271(1)(c) of Income Tax Act Cannot be Imposed on Payment made under Cost Sharing Arrangements on Basis of Non-existing and Deleted Disallowance: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Penalty-Income-Tax-Act-Income-Tax-Act-Cannot-be-Imposed-on-Payment-made-under-Cost-Sharing-Arrangements-Payment-ITAT-taxscan.jpg "Penalty u/s 271(1)(c) of Income Tax Act Cannot be Imposed on Payment made under Cost Sharing Arrangements on Basis of Non-existing and Deleted Disallowance: ITAT [Read Order]")
![Disallowance made by AO u/s 40(a)(ia) for non-deduction of TDS and recovery of rent from assessee by holding company are not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-AO-non-deduction-of-TDS-and-recovery-of-rent-from-assessee-by-holding-company-sustainable-ITAT-TAXSCAN.jpg "Disallowance made by AO u/s 40(a)(ia) for non-deduction of TDS and recovery of rent from assessee by holding company are not sustainable: ITAT [Read Order]")
![Relief to Honda : ITAT Deletes Disallowance on Signage Expenses and Sale Tools Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Relief-Honda-ITAT-Disallowance-Expenses-Sale-Tools-Expenses-TAXSCAN.jpg "Relief to Honda : ITAT Deletes Disallowance on Signage Expenses and Sale Tools Expenses [Read Order]")
![No Disallowance u/s 36(1)(iii) of Income Tax Act towards interest paid to IDFC Bank for loan taken to Construct Hostel for Students: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-Income-Tax-Act-Income-Tax-IDFC-Bank-for-loan-IDFC-Bank-Construct-Hostel-for-Students-Construct-Hostel-Students-ITAT-taxscan.jpg "No Disallowance u/s 36(1)(iii) of Income Tax Act towards interest paid to IDFC Bank for loan taken to Construct Hostel for Students: ITAT [Read Order]")
Disallowance under Rule 8D(2) (iii) of I.T Rules shall be made on basis of average value of those investments in which assessee has yielded exempt income: ITAT directs readjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore bench, while directing readjudication in respect of exempt income observed that disallowance under Rule 8D(2)(iii) of the Income Tax Rules should be...
![Disallowance under Rule 8D(2) (iii) of I.T Rules shall be made on basis of average value of those investments in which assessee has yielded exempt income: ITAT directs readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-Rule-I-T-Rules-average-value-investments-assessee-exempt-income-ITAT-readjudication-TAXSCAN.jpg "Disallowance under Rule 8D(2) (iii) of I.T Rules shall be made on basis of average value of those investments in which assessee has yielded exempt income: ITAT directs readjudication [Read Order]")
Penalty on Disallowance u/s 24a of Income Tax Act can't be imposed on ground of Wrong treatment to head of Income: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty on disallowance under Section 24a of the Income Tax Act, 1961 cannot be imposed merely on the ground of wrong...
![Penalty on Disallowance u/s 24a of Income Tax Act cant be imposed on ground of Wrong treatment to head of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Penalty-Disallowance-Income-Tax-Act-ground-Wrong-treatment-Income-ITAT-TAXSCAN.jpg "Penalty on Disallowance u/s 24a of Income Tax Act cant be imposed on ground of Wrong treatment to head of Income: ITAT [Read Order]")
Mere Rejection of Valuation Report without Referring matter for Valuation to DVO: ITAT Directs Re-adjudication for DVO Report [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication for the Departmental Valuation Officer (DVO) report as the AO had merely rejected the valuation report without...
![Mere Rejection of Valuation Report without Referring matter for Valuation to DVO: ITAT Directs Re-adjudication for DVO Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Mere-Rejection-Valuation-Report-Referring-Valuation-DVO-ITAT-Re-adjudication-DVO-Report-TAXSCAN.jpg "Mere Rejection of Valuation Report without Referring matter for Valuation to DVO: ITAT Directs Re-adjudication for DVO Report [Read Order]")
No disallowance shall be made u/s 14A r.w.r 8D I.T Rule if assessee not earned any exempt income previous year relevant to assessment year: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no disallowance should be made Under Section 14A read with section 8D of Income Tax Rule if the assessee did not earn any exempt income...
![No disallowance shall be made u/s 14A r.w.r 8D I.T Rule if assessee not earned any exempt income previous year relevant to assessment year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/CBIC-Sets-Norms-for-Officer-Posting-and-Performance-CRC-Payment-Exemption-at-Air-Freight-Solutions-TAXSCAN.jpg "No disallowance shall be made u/s 14A r.w.r 8D I.T Rule if assessee not earned any exempt income previous year relevant to assessment year: ITAT [Read Order]")
Cash Payments made to Agents to procure lands from Land Owners will be Covered by Exclusion Provided under Rule 6DD(k) of IT Rules r.w.s 40A(3) of Act Income Tax Act: ITAT upholds Deletion of Disallowance
The Income Tax Appellate Tribunal (ITAT) Chennai bench held that the cash payments made to agents to procure land from the land owners would be covered by the exclusion provided under Rule...
Expenses for Business Maintenance Not Allowable u/s 24 of Income Tax Act: ITAT declares Disallowance made u/s 37 Arbitrary [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has declared the disallowance made under Section 37 of the Income Tax Act 1961 as arbitrarily as business maintenance not allowable under...
![Expenses for Business Maintenance Not Allowable u/s 24 of Income Tax Act: ITAT declares Disallowance made u/s 37 Arbitrary [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Expenses-for-Business-Maintenance-Not-Allowable-Income-Tax-Act-ITAT-declares-Disallowance-Arbitrary-TAXSCAN.jpg "Expenses for Business Maintenance Not Allowable u/s 24 of Income Tax Act: ITAT declares Disallowance made u/s 37 Arbitrary [Read Order]")
Delayed remittance of employees’ contribution due to mis-utilization of funds: ITAT upholds disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench upheld the disallowance made by the lower authority towards the delayed remittance of employees contribution by reason of mis-utilization of...
![Delayed remittance of employees’ contribution due to mis-utilization of funds: ITAT upholds disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delayed-remittance-of-employees-contribution-delayed-remittance-employees-contribution-mis-utilization-of-funds-ITAT-upholds-disallowance-ITAT-taxscan.jpg "Delayed remittance of employees’ contribution due to mis-utilization of funds: ITAT upholds disallowance [Read Order]")