![Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Income-from-Other-Source-Fixed-Deposits-Assessee-taxscan.jpg "Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]")
Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that interest on fixed deposits is...
![Receipt of Property by way of Inheritance, will not be treated as Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Receipt-of-property-income-from-other-sources-ITAT-taxscan.jpeg "Receipt of Property by way of Inheritance, will not be treated as Income from Other Sources: ITAT [Read Order]")
![Discount on Issue of ESOP Deductible from Business Income: ITAT grants Relief to Morgan Stanley [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Discount-ESOP-Business-Income-ITAT-Morgan-Stanley-taxscan.jpg "Discount on Issue of ESOP Deductible from Business Income: ITAT grants Relief to Morgan Stanley [Read Order]")
![Income of Hire Charges cant be earned without incurring Expenditure, Disallowance of Expenditure not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-disallowance-of-expenditure-sustainable-ITAT-Taxscan.jpg "Income of Hire Charges cant be earned without incurring Expenditure, Disallowance of Expenditure not sustainable: ITAT [Read Order]")
![ITAT deletes Addition on Refund of Advance under Sale Agreement in Installments [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Refund-Sale-Agreement-Installments-Taxscan.jpeg "ITAT deletes Addition on Refund of Advance under Sale Agreement in Installments [Read Order]")
Difference in Share of Profit treated as ‘Income from Other Sources’: ITAT holds difference due to Mistake, Deletes Addition
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) in the issue of difference in the share of profit treated as ‘Income from other sources, held that difference was due to mistake and...
CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from Other Sources”: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench said that the CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from...
![CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from Other Sources”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/NFDC-CITA-fixed-deposit-interest-income-Income-from-Business-Income-from-Other-Sources-ITAT-Taxscan.jpeg "CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from Other Sources”: ITAT [Read Order]")
![Rent from letting out of Terrace Taxable as House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Open-Terrace-Taxscan.jpg "Rent from letting out of Terrace Taxable as House Property Income: ITAT [Read Order]")
Payment of Municipal Taxes being directly related to letting out of Property, can’t be Deducted from 'Other Income': ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the payment of municipal taxes cannot be deducted under section 57(iii) of the Income Tax Act since the same is directly...
![Payment of Municipal Taxes being directly related to letting out of Property, can’t be Deducted from Other Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/House-Property-Taxscan.jpg "Payment of Municipal Taxes being directly related to letting out of Property, can’t be Deducted from Other Income: ITAT [Read Order]")
![Interest on Income Tax Refund can’t be Deducted u/s 80IE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Tax-Refund-Taxscan.jpg "Interest on Income Tax Refund can’t be Deducted u/s 80IE: ITAT [Read Order]")
![Startups with less than Rs10 cr Funding can seek Exemption from Angel Tax [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/04/Angel-Tax-Startups-Taxscan.jpg "Startups with less than Rs10 cr Funding can seek Exemption from Angel Tax [Read Notification]")
Tribunal bound to follow Orders in Sister Concern’s Case unless Set-aside or Stayed: Bombay HC [Read Judgment]
In the case of Procter & Gamble Home Products Pvt. Ltd v. Income Tax Appellate Tribunal, the Bombay High Court held that the orders of the Tribunal in the case of sister concern of the Assessee...
![Tribunal bound to follow Orders in Sister Concern’s Case unless Set-aside or Stayed: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Tribunal bound to follow Orders in Sister Concern’s Case unless Set-aside or Stayed: Bombay HC [Read Judgment]")