![Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax Deduction u/s. 80P (2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-Income-Co-operative-Society-Cooperative-Bank-Income-Tax-Deduction-Income-Tax-ITAT-taxscan.jpg "Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax Deduction u/s. 80P (2)(d): ITAT [Read Order]")
Interest Income Earned by Co-operative Society from Another Cooperative Bank Eligible for Income Tax Deduction u/s. 80P (2)(d): ITAT [Read Order]
Income Tax appellate tribunal (ITAT) of Chennai Bench recently held that interest income earned by cooperative society from another cooperative bank...
![Relief to SBI: ITAT holds Unrealized Interest on Borrower Accounts Classified as Non-Performing Accounts to be Non-Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/SBI-ITAT-Unrealized-Interest-Interest-Borrower-Accounts-Non-Performing-Accounts-Non-Taxable-Income-Tax-Taxable-Tax-taxscan.jpg "Relief to SBI: ITAT holds Unrealized Interest on Borrower Accounts Classified as Non-Performing Accounts to be Non-Taxable [Read Order]")
![Housing Loan and Interest Paid thereon for Construction of Rented House Eligible for Deduction u/s 2(24)(b) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Housing-Loan-Interest-Rented-House-Construction-of-Rented-House-Deduction-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "Housing Loan and Interest Paid thereon for Construction of Rented House Eligible for Deduction u/s 2(24)(b) of Income Tax Act: ITAT [Read Order]")
![CAM Charges Not Part of Rent, No TDS Default: ITAT grants Relief to BIBA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/CAM-Charges-Rent-TDS-TDS-Default-ITAT-Income-Tax-BIBA-taxscan.jpg "CAM Charges Not Part of Rent, No TDS Default: ITAT grants Relief to BIBA [Read Order]")
![S.50C (1) cannot be invoked in case of Transfer of Leasehold Right: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Transfer-of-Leasehold-Right-ITAT-Income-Tax-Leasehold-Right-Tax-taxscan-.jpg "S.50C (1) cannot be invoked in case of Transfer of Leasehold Right: ITAT [Read Order]")
Advertisement Expenses Not Allowable without Valid Agreement for Transfer of Dealership: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai, has recently, in an appeal filed before it, held that advertisement expenses are not allowable without a valid agreement for the transfer of the...
![Advertisement Expenses Not Allowable without Valid Agreement for Transfer of Dealership: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Advertisement-Expenses-Deduction-ITAT-taxscan.jpg "Advertisement Expenses Not Allowable without Valid Agreement for Transfer of Dealership: ITAT [Read Order]")
CBDT Notifies Income Tax Exemption to Indian Institute of Science Education and Research, Tirupati [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the income tax exemption under section 35(i)(ii) of the Income Tax Act, 1961. Those scientific research association or organization which has...
![CBDT Notifies Income Tax Exemption to Indian Institute of Science Education and Research, Tirupati [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/01/CBDT-Income-Tax-Income-Tax-Exemption-Indian-Institute-of-Science-Education-and-Research-taxscan.jpg "CBDT Notifies Income Tax Exemption to Indian Institute of Science Education and Research, Tirupati [Read Notification]")
“Don’t Delay, Link it Today”: Income Tax Department to Deactivate Unlinked PAN from 1st April, Urges Taxpayers to Link Adhaar with PAN
As the Government is all set to deactivate all PAN Cards that are not linked with aadhaar card, the income tax department has issued an urgent notice to all taxpayers advising them to link their PAN...
Over 24,000 Techies Lost Job in First 15 Days of 2023: Know the Tax Implications after being Laid Off
The start of 2023 has been difficult for technology employees worldwide, with 91 companies laying off over 24,000 tech staff in the first 15 days of the month. This is a sign of worse times to come....
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 genuineness of transactions. The respondent in...
![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]")