![Satisfactory discharge of burden of proving genuineness of transactions: Bombay HC confirms deletion of disallowance u/s 69C [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Bombay-High-Court-transactions-discharge-disallowance-taxscan.jpg "Satisfactory discharge of burden of proving genuineness of transactions: Bombay HC confirms deletion of disallowance u/s 69C [Read Order]")
Satisfactory discharge of burden of proving genuineness of transactions: Bombay HC confirms deletion of disallowance u/s 69C [Read Order]
The Bombay High Court confirmed deletion of disallowance under Section 69C of the Income Tax Act, 1961 on satisfactory discharge of burden of proving...
![Disallowance u/s 14A not applicable on Interest Income earned from Negative Capital of Partnership: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Disallowance-Interest-Income-Negative-Capital-Partnership-ITAT-TAXSCAN.jpg "Disallowance u/s 14A not applicable on Interest Income earned from Negative Capital of Partnership: ITAT [Read Order]")
![Disallowance without Identifying Expenses on Rental Income not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Disallowance-Rental-Income-ITAT-TAXSCAN.jpg "Disallowance without Identifying Expenses on Rental Income not sustainable: ITAT [Read Order]")
![Non-Speaking Disallowance of Written off TDS on Unrealized Rental Income: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Non-speaking-Disallowance-Written-off-TDS-Unrealized-Rental-Income-ITAT-Re-adjudication-Taxscan.jpg "Non-Speaking Disallowance of Written off TDS on Unrealized Rental Income: ITAT directs Re-adjudication [Read Order]")
![Capital Gains derived from Sale of Property set off under current year Business Loss: ITAT upholds Disallowance of Loss on account of write-off Inventory of Cotton [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Gains-Business-Loss-ITAT-upholds-Disallowance-of-Loss-on-account-of-write-off-Inventory-of-Cotton-TAXSCAN.jpg "Capital Gains derived from Sale of Property set off under current year Business Loss: ITAT upholds Disallowance of Loss on account of write-off Inventory of Cotton [Read Order]")
![No Disallowance of Entire purchases when Sale of Finished product is Taxed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Disallowance-of-Entire-purchases-Finished-product-is-Taxed-ITAT-TAXSCAN.jpg "No Disallowance of Entire purchases when Sale of Finished product is Taxed: ITAT [Read Order]")
Relief to Mahindra and Mahindra: ITAT directs AO to delete Disallowance made u/s 40(a)(ia) of Income Tax Act [Read Order]
In a major relief to Mahindra & Mahindra Ltd, the appellant, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), directed the Assessing Officer (AO) to delete disallowance made under...
![Relief to Mahindra and Mahindra: ITAT directs AO to delete Disallowance made u/s 40(a)(ia) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Relief-to-Mahindra-and-Mahindra-ITAT-directs-AO-to-delete-disallowance-Income-Tax-Act-TAXSCAN-1.jpg "Relief to Mahindra and Mahindra: ITAT directs AO to delete Disallowance made u/s 40(a)(ia) of Income Tax Act [Read Order]")
No Disallowance u/s 40a(ia) of Income Tax Act when due Tax has been made by Recipient of Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench ruled that no disallowance under Section 40a(ia) of the Income Tax Act, 1961 can be claimed when due tax has been made by recipient of income. ...
![No Disallowance u/s 40a(ia) of Income Tax Act when due Tax has been made by Recipient of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Disallowance-Income-Tax-Act-Tax-income-ITAT-Income-Tax-taxscan.jpg "No Disallowance u/s 40a(ia) of Income Tax Act when due Tax has been made by Recipient of Income: ITAT [Read Order]")
![No Disallowance u/s 14A on Tax Free Bonds: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Disallowance-on-Tax-Free-Bonds-ITAT-TAXSCAN.jpg "No Disallowance u/s 14A on Tax Free Bonds: ITAT [Read Order]")
Unclear basis of Suo-Motu Disallowance of Exempt Income by H T Media Limited: Delhi HC rejects Estimated Disallowance [Read Order]
A Division Bench of the Delhi High Court recently held that, the disallowance estimated by the assessee, H T Media Limited, the publisher of Hindustan Times newspaper and Mint for calculation of...
![Unclear basis of Suo-Motu Disallowance of Exempt Income by H T Media Limited: Delhi HC rejects Estimated Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Suo-Motu-Disallowance-of-Exempt-Income-by-H-T-Media-Limited-Delhi-HC-rejects-Estimated-Disallowance-TAXSCAN.jpg "Unclear basis of Suo-Motu Disallowance of Exempt Income by H T Media Limited: Delhi HC rejects Estimated Disallowance [Read Order]")
No TDS on Wastage of Gold during Jewellery Creation as 'Making Charges': ITAT deletes Disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench has recently held in favour of the assessee engaged in manufacture of gold and silver jewellery that, the issue of wastage whether it is 0.5%...
![No TDS on Wastage of Gold during Jewellery Creation as Making Charges: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TDS-Wastage-of-Gold-wastage-Gold-jewellery-Jewellery-Creation-Making-Charges-ITAT-Disallowance-taxscan.jpg "No TDS on Wastage of Gold during Jewellery Creation as Making Charges: ITAT deletes Disallowance [Read Order]")