![Addition of Excess Share Premium: AO cannot change Method of Valuation of Shares, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/AO-ITAT-Excess-Share-Premium-Share-Premium-Valuation-of-Shares-Taxscan.jpg "Addition of Excess Share Premium: AO cannot change Method of Valuation of Shares, rules ITAT [Read Order]")
Addition of Excess Share Premium: AO cannot change Method of Valuation of Shares, rules ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT), while considering an appeal challenging the addition of excess share premium under...
![Pure Reimbursement does not give rise to any Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Pure-reimbursement-income-ITAT-Taxscan.jpg "Pure Reimbursement does not give rise to any Income: ITAT [Read Order]")
Income Tax Exemption to ICMAI Registered Valuers Organisation: ITAT asks Dept to re-consider Application [Read Order]
The Income Tax Appellate Tribunal (Delhi), while considering an appeal filed by the ICMAI Registered Valuers Organisation, asked the income tax department to re-consider the application to allow...
![Income Tax Exemption to ICMAI Registered Valuers Organisation: ITAT asks Dept to re-consider Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Income-Tax-Exemption-ICMAI-Cost-Accountants-ICMAI-Registered-Valuers-Organisation-Taxscan.jpg "Income Tax Exemption to ICMAI Registered Valuers Organisation: ITAT asks Dept to re-consider Application [Read Order]")
Depreciation being Statutory allowance cannot be restricted on basis of Personal use: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has held that the depreciation being statutory allowance cannot be restricted on the basis of personal use. The assessee, Bhagchand Jain is...
![Depreciation being Statutory allowance cannot be restricted on basis of Personal use: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Depreciation-statutory-allowance.jpg "Depreciation being Statutory allowance cannot be restricted on basis of Personal use: ITAT [Read Order]")
Deduction u/s 54F can be claimed to the extent of amount of Capital Gain utilized till Filing of Income Tax Return: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the deduction under section 54F of the Income Tax Act, 1961 can be claimed to the extent of amount of capital gain utilized till...
![Deduction u/s 54F can be claimed to the extent of amount of Capital Gain utilized till Filing of Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Deduction-us-54F-Capital-Gain-Filing-Income-Tax-Return-ITAT-Incometaxreturnfiling-Taxscan.jpeg "Deduction u/s 54F can be claimed to the extent of amount of Capital Gain utilized till Filing of Income Tax Return: ITAT [Read Order]")
Rajasthan HC disposes of PIL pointing out difficulties faced by Assessees on account of Glitches in official Income Tax Portal by leaving it on Administration [Read Order]
The Rajasthan High court has disposed of the PIL pointing out difficulties faced by assessees on account of glitches in official Income Tax Portal by leaving it on Administration. The PIL has been...
![Rajasthan HC disposes of PIL pointing out difficulties faced by Assessees on account of Glitches in official Income Tax Portal by leaving it on Administration [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Rajasthan-High-Court-Income-Tax-Return-Income-Tax-Portal-Taxscan.jpeg "Rajasthan HC disposes of PIL pointing out difficulties faced by Assessees on account of Glitches in official Income Tax Portal by leaving it on Administration [Read Order]")
Calcutta HC quashes Re-assessment Notices for Failure on part of Income Tax Dept to follow Statutory Formalities [Read Judgment]
The Calcutta High Court quashed the reassessment notices for failure on part of the Income Tax Department to follow statutory formalities. As many as 43 petitions has been filed assailing the...
![Calcutta HC quashes Re-assessment Notices for Failure on part of Income Tax Dept to follow Statutory Formalities [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/01/calcutta-HC-Income-Tax-Taxscan.jpg "Calcutta HC quashes Re-assessment Notices for Failure on part of Income Tax Dept to follow Statutory Formalities [Read Judgment]")
![Provisions of Book Profit not applicable to Banking Companies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Provisions-Book-Profit-Banking-Companies-ITAT-Taxscan.jpg "Provisions of Book Profit not applicable to Banking Companies: ITAT [Read Order]")
CBDT notifies Assam Electricity Regulatory Commission eligible for Income Tax Exemption [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the Assam Electricity Regulatory Commission eligible for Section 10(46) Income Tax Exemption. The Board empowered under clause (46) of section 10...
