![Simultaneous Deductions u/s 80IB and S. 80HHC can be Deducted from Net Profit: ITAT follows Supreme Court decision, Allows Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/09/02/500x300_2083448-simultaneous-deductions-itat-supreme-court-appeal-taxscan.webp "Simultaneous Deductions u/s 80IB and S. 80HHC can be Deducted from Net Profit: ITAT follows Supreme Court decision, Allows Appeal [Read Order]")
Simultaneous Deductions u/s 80IB and S. 80HHC can be Deducted from Net Profit: ITAT follows Supreme Court decision, Allows Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Lucknow, examined whether an assessee is entitled to claim simultaneous deductions under Section 80IB and...
![AO Fails to Carry Out Adequate Verification with GST dept: ITAT Remands Alleged Bogus Purchase Addition of ₹10.51 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/09/02/250x150_2083383-gst-itat-alleged-bogus-taxscan.webp "AO Fails to Carry Out Adequate Verification with GST dept: ITAT Remands Alleged Bogus Purchase Addition of ₹10.51 Crore [Read Order]")
![CBDT Approves IIT Madras Research Park for Income Tax Deduction, Donations to Scientific Research Claimable [Read Notification]](https://images.taxscan.in/h-upload/2025/09/01/250x150_2083069-iit-madras-taxscan.webp "CBDT Approves IIT Madras Research Park for Income Tax Deduction, Donations to Scientific Research Claimable [Read Notification]")
![2% TDS demand issued against CHA, No Proof Filed for Exemption: Madras grants Final Opportunity [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/250x150_2082218-tds-cha-madras-grants-taxscan.webp "2% TDS demand issued against CHA, No Proof Filed for Exemption: Madras grants Final Opportunity [Read Order]")
AO Relies on Erroneous Software Data for Addition, Ignored Submissions on OPD/IPD Classification: ITAT directs Fresh Adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh bench has remanded a case involving additions made on account of alleged undisclosed hospital receipts, directing the Assessing Officer (AO)...
![AO Relies on Erroneous Software Data for Addition, Ignored Submissions on OPD/IPD Classification: ITAT directs Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/08/27/500x300_2080962-ao-relies-erroneous-software-itat-adjudication-taxscan.webp "AO Relies on Erroneous Software Data for Addition, Ignored Submissions on OPD/IPD Classification: ITAT directs Fresh Adjudication [Read Order]")
Can Cloud Records Qualify as Books of Account under Income Tax Act 2025 if Loose Papers Did under ITA, 1961?
Traditionally, “books of account” meant ledgers, journals, and formal accounting records. Yet Indian tax law has never confined itself to such a narrow definition. For decades, tax authorities and ...
Pamphlets and Photos of Charity Camps Insufficient to Establish Charity: ITAT Denies S.80G Approval, Holds Trust’s Hospital Runs Commercially [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chandigarh Bench, has dismissed the appeal of an assessee trust seeking approval under Section 80G(5)(iii) of the Income Tax Act, 1961, holding that the...
![Pamphlets and Photos of Charity Camps Insufficient to Establish Charity: ITAT Denies S.80G Approval, Holds Trust’s Hospital Runs Commercially [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/500x300_2080623-charity-camps-establish-charity-itat-taxscan.webp "Pamphlets and Photos of Charity Camps Insufficient to Establish Charity: ITAT Denies S.80G Approval, Holds Trust’s Hospital Runs Commercially [Read Order]")
Advance Receivables Qualify as Application of Income u/s 11(2): ITAT directs AO to accept Claim [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal ( ITAT )directed the Assessing Officer (AO) to accept the claim that advance receivables qualify as an application of income under Section...
![Advance Receivables Qualify as Application of Income u/s 11(2): ITAT directs AO to accept Claim [Read Order]](https://images.taxscan.in/h-upload/2025/08/25/500x300_2080285-income-itat-directs-claim-taxscan.webp "Advance Receivables Qualify as Application of Income u/s 11(2): ITAT directs AO to accept Claim [Read Order]")
ITAT fixes FMV of Land at ₹60/sq.m for Capital Gain Calculation, directs AO to Verify Deduction u/s 54 [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed the appeal by fixing the fair market value (FMV) of land at ₹60 per sq.m as on 01.04.1981 for capital gain computation...
![ITAT fixes FMV of Land at ₹60/sq.m for Capital Gain Calculation, directs AO to Verify Deduction u/s 54 [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079909-itat-capital-gain-calculation-taxscan.webp "ITAT fixes FMV of Land at ₹60/sq.m for Capital Gain Calculation, directs AO to Verify Deduction u/s 54 [Read Order]")
Brought Forward Business Loss Cannot Be Set Off Against Short-Term Capital Gains u/s 50 of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that brought forward business loss could not be set off against short-term capital gains from the sale of depreciated assets under ...
![Brought Forward Business Loss Cannot Be Set Off Against Short-Term Capital Gains u/s 50 of Income Tax Act: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079862-cita-disallow-a-claim-of-business-loss-in-the-presence-of-evidence-itat-taxscan.webp "Brought Forward Business Loss Cannot Be Set Off Against Short-Term Capital Gains u/s 50 of Income Tax Act: ITAT [Read Order]")