![CBDT notifies Andhra Pradesh Pollution Control Board eligible for Income Tax Exemption [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/08/CBDT-Andhra-Pradesh-Pollution-Control-Board-Income-Tax-Exemption-taxscan.jpg "CBDT notifies Andhra Pradesh Pollution Control Board eligible for Income Tax Exemption [Read Notification]")
CBDT notifies Andhra Pradesh Pollution Control Board eligible for Income Tax Exemption [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the Andhra Pradesh Pollution Control Board eligible for income tax exemption under section...
![Calcutta HC directs Govt to file Explanation in Transfer of Income Tax File u/s 127(2) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Kolkata-HC-Income-Tax-taxscan.jpeg "Calcutta HC directs Govt to file Explanation in Transfer of Income Tax File u/s 127(2) [Read Order]")
![Interest received by Bank post Liquidation can’t be Taxed if diverted at Source as per DICGCI: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-bank-post-liquidation-DICGCI-ITAT-taxscan.jpg "Interest received by Bank post Liquidation can’t be Taxed if diverted at Source as per DICGCI: ITAT [Read Order]")
Income Tax Dept cannot treat Same Transaction of Sale of Property by Co-Owners: ITAT deletes Application of S. 50C [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax department cannot treat the same income received as sale consideration from the same property by co-owners...
![Income Tax Dept cannot treat Same Transaction of Sale of Property by Co-Owners: ITAT deletes Application of S. 50C [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Dept-Sale-of-Property-ITAT-taxscan.jpeg "Income Tax Dept cannot treat Same Transaction of Sale of Property by Co-Owners: ITAT deletes Application of S. 50C [Read Order]")
CBDT amends Income Tax Rules in case of Refund for Denying TDS Liability: Notifies Form No. 29D [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the rules relating to the refund for denying the TDS liability under section 239A of the Income Tax Act, 1961 and have inserted a new Form No....
![CBDT amends Income Tax Rules in case of Refund for Denying TDS Liability: Notifies Form No. 29D [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/08/CBDT-Income-Tax-Rules-Refund-TDS-Liability-Form-No.-29D-taxscan.jpg "CBDT amends Income Tax Rules in case of Refund for Denying TDS Liability: Notifies Form No. 29D [Read Notification]")
Income Tax Rules Amended to allow Foreign Tax Credit even with Delayed filing of Form 67 [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the Income-tax (27thAmendment) Rules, 2022 and amended rule 128, for sub-rule (9) allowing filing of form 67 furnished even after the due date of...
![Income Tax Rules Amended to allow Foreign Tax Credit even with Delayed filing of Form 67 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Rules-Foreign-Tax-Credit-Form-67-taxscan.jpg "Income Tax Rules Amended to allow Foreign Tax Credit even with Delayed filing of Form 67 [Read Notification]")
'Bonafide- Silly Mistakes' in Tax Audit Report would not attract Income Tax penalty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that bonafide and silly mistakes in the tax audit report would not result into imposition of penalty under section 271(1)(c) of the...
![Bonafide- Silly Mistakes in Tax Audit Report would not attract Income Tax penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Tax-Audit-Report-Income-Tax-penalty-ITAT-taxscan.jpeg "Bonafide- Silly Mistakes in Tax Audit Report would not attract Income Tax penalty: ITAT [Read Order]")
Apartments sanctioned for Residential Purposes were let out as Service Apartments: ITAT allows deduction U/s 54F [Read Order]
Income Tax Appellate Tribunal (ITAT), Chennai bench allowed deduction under section 54F of the Income Tax Act,1961 when apartments sanctioned for residential purposes were let out as service...
![Apartments sanctioned for Residential Purposes were let out as Service Apartments: ITAT allows deduction U/s 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Apartments-residential-purpose-service-Apartments-ITAT-taxscan.jpg "Apartments sanctioned for Residential Purposes were let out as Service Apartments: ITAT allows deduction U/s 54F [Read Order]")
Refund of Tax recovered/collected is a ‘Debt’ till Actual Payment: Delhi HC asks Dept to pay Interest to Punjab & Sind Bank [Read Order]
The division bench of the High Court of Delhi has held that the refund of tax recovered or collected is a "debt" till actual payment and asks the department to pay interest to Punjab & Sind Bank....
![Refund of Tax recovered/collected is a ‘Debt’ till Actual Payment: Delhi HC asks Dept to pay Interest to Punjab & Sind Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Refund-Tax-r-Debt-Actual-Payment-Delhi-HC-Dept-Interest-Punjab-Sind-Bank-taxscan.jpg "Refund of Tax recovered/collected is a ‘Debt’ till Actual Payment: Delhi HC asks Dept to pay Interest to Punjab & Sind Bank [Read Order]")
![TDS Credit disallowed without verifying fact is not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/TDS-credit-ITAT-taxscan.jpeg "TDS Credit disallowed without verifying fact is not sustainable: ITAT [Read Order]")