![Disallowance is Calculated based on Average Value of Share, Exempt Income earned as per Rule 8D(2)(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Disallowance-average-value-share-exempt-income-ITAT-Taxscan.jpeg "Disallowance is Calculated based on Average Value of Share, Exempt Income earned as per Rule 8D(2)(iii): ITAT [Read Order]")
Disallowance is Calculated based on Average Value of Share, Exempt Income earned as per Rule 8D(2)(iii): ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that as per rule 8D(2)(iii), the disallowance under 14A needs to calculate based...
![Disallowance can’t be made on Payment to PF and ESI before due date u/s 139(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Disallowance-payment-PF-and-ESI-ITAT-Taxscan.jpg "Disallowance can’t be made on Payment to PF and ESI before due date u/s 139(1): ITAT [Read Order]")
![Disallowance u/s 40(a)(ia) is not applicable When the Recipient has included Receipt in their Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Disallowance-recipient-receipt-Income-ITAT-Taxscan.jpeg "Disallowance u/s 40(a)(ia) is not applicable When the Recipient has included Receipt in their Income: ITAT [Read Order]")
![Amendment on Sec.36(1)(va) has a Prospective Effect: ITAT quashes Order of Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Amendment-prospective-effect-ITAT-disallowance-Taxscan.jpeg "Amendment on Sec.36(1)(va) has a Prospective Effect: ITAT quashes Order of Disallowance [Read Order]")
![Purchase from Grey Market cannot fully Disallowed: ITAT restricts Disallowance to 12.5% [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Purchase-Grey-Market-ITAT-Disallowance-Taxscan.jpeg "Purchase from Grey Market cannot fully Disallowed: ITAT restricts Disallowance to 12.5% [Read Order]")
![Addition u/s 153C should be based on Incriminating Materials found during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Addition-Incriminating-Materials-Search-ITAT-taxscan.jpg "Addition u/s 153C should be based on Incriminating Materials found during Search: ITAT [Read Order]")
Interest from Loan given to related party for Business purpose does not attract section 40A(2)(b) of the Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the interest received on loan given to related party for business purpose cannot be subjected to provisions of section...
![Interest from Loan given to related party for Business purpose does not attract section 40A(2)(b) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Interest-Loan-party-business-Income-Tax-Act-taxscan.jpg "Interest from Loan given to related party for Business purpose does not attract section 40A(2)(b) of the Income Tax Act: ITAT [Read Order]")
Deduction of Employees Contribution to ESI and PF: Amendment in Finance Act, 2021 does not applicable to AY 2018-19 and AY 2019-2020, rules ITAT
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the amendment under the Finance Act, 2021 relating to deduction of employees’ contribution to ESI and PF would not be...
![ITAT directs AO to restrict Disallowance at 2% of Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/ITAT-AO-disallowance-bogus-purchases-Taxscan.jpg "ITAT directs AO to restrict Disallowance at 2% of Bogus Purchases [Read Order]")
![ITAT deletes Disallowance on account of Legal Fees and Settlement Amount [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Disallowance-of-Interest-Expenses-Investment-acquire-controlling-interest-ITAT.jpg "ITAT deletes Disallowance on account of Legal Fees and Settlement Amount [Read Order]")
ITAT deletes Disallowance made on account of Expenses not allowable under the head ‘Income from House Property’ [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance made on account of expenses not allowable under the head “Income from House property”. The assessee Company...
![ITAT deletes Disallowance made on account of Expenses not allowable under the head ‘Income from House Property’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/House-Property-Taxscan.jpg "ITAT deletes Disallowance made on account of Expenses not allowable under the head ‘Income from House Property’ [Read Order]")
Assessing Officer not justified in making Disallowance of Interest Expenditure as it was not subject matter of Limited Scrutiny: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the AO is not justified in making disallowance of interest expenditure as it was not subject matter of limited scrutiny. The AO in...
![Assessing Officer not justified in making Disallowance of Interest Expenditure as it was not subject matter of Limited Scrutiny: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/AO-disallowance-of-interest-expenditure-limited-scrutiny-ITAT-Taxscan.jpg "Assessing Officer not justified in making Disallowance of Interest Expenditure as it was not subject matter of Limited Scrutiny: ITAT [Read Order]")