![Disallowance of Excess Deductions and House Property Loss in Revised Returns: ITAT Sets Aside Order FAA’s Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078944-deductions-house-property-itat-faa-taxscan.webp "Disallowance of Excess Deductions and House Property Loss in Revised Returns: ITAT Sets Aside Order FAA’s Order [Read Order]")
Disallowance of Excess Deductions and House Property Loss in Revised Returns: ITAT Sets Aside Order FAA’s Order [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the order of the First Appellate Authority (FAA) and directed the Assessing...
![Income Tax on House Property should be Paid by Person who Benefits from Income, not just Registered Owner: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-House-Property-Income-Registered-Owner-Delhi-HC-taxscan.jpeg "Income Tax on House Property should be Paid by Person who Benefits from Income, not just Registered Owner: Delhi HC [Read Order]")
![Rental Income from Factory Building Taxed as Income from House Property, Eligible for Deduction u/s 24: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delhi-High-Court-House-Property-Rental-Income-Building-Tax-Taxscan.jpg "Rental Income from Factory Building Taxed as Income from House Property, Eligible for Deduction u/s 24: Delhi HC [Read Order]")
![Authorities Fails to Realise Company’s Running Maintenance Office Expense: ITAT allows expenses u/s 24 (a) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Kolkata-Income-Tax-Act-Income-Tax-ITAT-Decision-on-Office-Maintenance-Expense-Office-Maintenance-Expense-Taxscan.jpg "Authorities Fails to Realise Company’s Running Maintenance Office Expense: ITAT allows expenses u/s 24 (a) of Income Tax Act [Read Order]")
Rental Income received from letting out property is taxable under head “Income from House Property": ITAT allows deduction u/s 24(a) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that rental income received from letting out property is taxable under the head "Income from house property." Therefore, the bench allowed a...
![Rental Income received from letting out property is taxable under head “Income from House Property: ITAT allows deduction u/s 24(a) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Rental-Income-received-from-letting-out-property-is-taxable-Income-from-House-Property-ITAT-allows-deduction-Income-Tax-Act-TAXSCAN.jpg "Rental Income received from letting out property is taxable under head “Income from House Property: ITAT allows deduction u/s 24(a) of Income Tax Act [Read Order]")
Penalty u/s 270A of Income Tax Act cannot be Levied for Bonafide Mistake of Mere change in Head of Income while Computing Total Income [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the penalty under Section 270A of the Income Tax Act 1961 could not be levied for a bonafide mistake of mere change in the head...
![Penalty u/s 270A of Income Tax Act cannot be Levied for Bonafide Mistake of Mere change in Head of Income while Computing Total Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Penalty-Income-Tax-Act-Bonafide-Mistake-Mistake-Income-Tax-Act-cannot-be-Levied-for-Bonafide-Mistake-taxscan.jpg "Penalty u/s 270A of Income Tax Act cannot be Levied for Bonafide Mistake of Mere change in Head of Income while Computing Total Income [Read Order]")
Capital Investment from Surplus Funds available out of Various Income Taxed under Different Heads without Precise Accounting: ITAT upholds Disallowance of Bad Debts [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the disallowance of bad debts as the capital investment from surplus funds was available out of various income taxed under different...
![Capital Investment from Surplus Funds available out of Various Income Taxed under Different Heads without Precise Accounting: ITAT upholds Disallowance of Bad Debts [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Capital-Investment-Surplus-Funds-Income-Taxed-Different-Heads-Precise-Accounting-ITAT-Disallowance-Bad-Debts-TAXSCAN.jpg "Capital Investment from Surplus Funds available out of Various Income Taxed under Different Heads without Precise Accounting: ITAT upholds Disallowance of Bad Debts [Read Order]")
Retained Amount from Security Deposit of leased housing property due to cancellation of Lease Deed is assessable under head ‘Income from House Property’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench held that the retained amount from security deposit of leased housing property due to the cancellation of lease deed is assessable under the...
![Retained Amount from Security Deposit of leased housing property due to cancellation of Lease Deed is assessable under head ‘Income from House Property’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Retained-amount-from-Security-Deposit-of-leased-housing-property-due-to-cancellation-of-Lease-income-from-House-Property-ITAT-TAXSCAN.jpg "Retained Amount from Security Deposit of leased housing property due to cancellation of Lease Deed is assessable under head ‘Income from House Property’: ITAT [Read Order]")
Amenities provided to Tenants of House Property Compute under head of Income from House Property: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata Bench held that amenities provided to tenants of house property compute under the head of Income from House Property.Therefore the bench deleted...
![Amenities provided to Tenants of House Property Compute under head of Income from House Property: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Amenities-Amenities-provided-to-tenants-tenants-house-property-ITAT-taxscan.jpg "Amenities provided to Tenants of House Property Compute under head of Income from House Property: ITAT deletes Addition [Read Order]")
