![ITAT directs to verify Peak Credits in Undisclosed Bank Account of ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Delhi-Income-tax-Tax-news-ICICI-Bank-Undisclosed-Bank-Account-taxscan.jpg "ITAT directs to verify Peak Credits in Undisclosed Bank Account of ICICI Bank [Read Order]")
ITAT directs to verify Peak Credits in Undisclosed Bank Account of ICICI Bank [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) directed to verify the peak credits in an undisclosed bank account of ICICI Bank. The...
![Setback to ICICI: ITAT confirms Revision of Indexation on Foreign Currency to Calculate Capital Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-ICICI-ICICI-capital-loss-Foreign-Currency-Indexation-taxscan.jpg "Setback to ICICI: ITAT confirms Revision of Indexation on Foreign Currency to Calculate Capital Loss [Read Order]")
![Fathers Gift to son substantiated with Evidence: ITAT directs AO to delete addition on Agricultural Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Fathers-Gift-son-substantiated-Evidence-ITAT-directs-AO-Agricultural-Income-taxscan.jpg "Fathers Gift to son substantiated with Evidence: ITAT directs AO to delete addition on Agricultural Income [Read Order]")
UPI-Pay Now SG Linkage enables Users to receive funds from Singapore through these Major UPI Apps
Major UPI apps such as BHIM, PhonePe, and Paytm are now equipped to receive swift and secure remittances from Singapore through the UPI-Pay Now linkage. This transformative cross-border collaboration...
![Â ITAT Annual Digest 2023 [Part-11]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-ITAT-Annual-Digest-part-11-ITAT-Annual-Digest-2023-taxscan.jpg "Â ITAT Annual Digest 2023 [Part-11]")
Expenses incurred towards club membership fee of employees is business expenditure: ITAT grants relief to ICICI Bank [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, while granting relief to assessee ICICI Bank, held that expenses incurred towards the club membership fee of employees are business...
![Expenses incurred towards club membership fee of employees is business expenditure: ITAT grants relief to ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/business-expenditure-ITAT-ICICI-Bank-TAXSCAN.jpg "Expenses incurred towards club membership fee of employees is business expenditure: ITAT grants relief to ICICI Bank [Read Order]")
No disallowance towards interest cost u/s 14A of Income Tax Act when investment made out of own funds: ITAT grants Relief to ICICI Bank [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while granting relief to ICICI Bank, held that no disallowance shall be made towards the interest cost under section 14A of the Income Tax Act,...
![No disallowance towards interest cost u/s 14A of Income Tax Act when investment made out of own funds: ITAT grants Relief to ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-12.jpg "No disallowance towards interest cost u/s 14A of Income Tax Act when investment made out of own funds: ITAT grants Relief to ICICI Bank [Read Order]")
MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, held that mark-to-market losses incurred in the regular course of business by ICICI Bank are allowable as a deduction for computing tax...
![MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/MTM-losses-ICICI-Bank-ITAT-AO-MTM-TAXSCAN.jpg "MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]")
ITAT deletes Addition made towards Gift of cash amount deposited in ICICI Bank received from in laws [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench deleted the addition made towards the gift of cash amount deposited in the ICICI Bank, received from the father-in-law and mother-in-law of the...
![ITAT deletes Addition made towards Gift of cash amount deposited in ICICI Bank received from in laws [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Addition-made-towards-Gift-of-cash-amount-deposited-ICICI-Bank-taxscan.jpg "ITAT deletes Addition made towards Gift of cash amount deposited in ICICI Bank received from in laws [Read Order]")