![Addition made on the basis of Sole Statement of One Dummy Director, Recorded during Survey action is not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/sole-statement-one-dummy-director-survey-action-ITAT-Taxscan.jpg "Addition made on the basis of Sole Statement of One Dummy Director, Recorded during Survey action is not sustainable: ITAT [Read Order]")
Addition made on the basis of Sole Statement of One Dummy Director, Recorded during Survey action is not sustainable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the addition made by the department on the basis of sole statement of one dummy...
![Sale of Jaggery is not an ‘Agricultural Activity’: Madras HC upholds denial of Income Tax Exemption [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/06/Sale-of-Jaggery-Agricultural-Activity-Madras-HC-Income-Tax-Exemption-Taxscan.jpeg "Sale of Jaggery is not an ‘Agricultural Activity’: Madras HC upholds denial of Income Tax Exemption [Read Judgment]")
![No Addition can be made on Mere Non Disclosure of Mode of Payment of Salary to Security Guards: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Non-Disclosure-Mode-of-payment-salary-security-guards-ITAT-taxscan.jpg "No Addition can be made on Mere Non Disclosure of Mode of Payment of Salary to Security Guards: ITAT [Read Order]")
![ITAT deletes Addition on account of Interest received from Bank and on Advances to Contractors [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/ITAT-interest-received-from-bank-contractors-taxscan.jpeg "ITAT deletes Addition on account of Interest received from Bank and on Advances to Contractors [Read Order]")
CDPQ Fixed Income XI Inc. now eligible for Exemption of Income from Dividends, Interest, and LTCG earned from Investments made in Indian Infrastructure: CBDT
The Central Board of Direct Taxes (CBDT) notified a Pension Fund namely CDPQ Fixed Income XI Inc. as eligible for exemption of Income from dividends, interest, and Long Term Capital Gain earned from...
CSBF reimbursing Medical Expenses, in deserving cases, incurred by CSBF Life Members towards Covid-19 treatment: ICSI
The Institute of Company Secretaries of India (ICSI) notified that Company Secretaries Benevolent Fund (CSBF) is reimbursing the medical expenses, in deserving cases, incurred by the CSBF Life...
Actual Receipt of Money by Assessee is a mandatory condition to invoke section 68 for Unexplained Cash Credit: ITAT grants relief
The Income Tax Appellate Tribunal (ITAT), Delhi Bench while providing the relief to the Zexus Air Services Pvt. Ltd. ruled that Actual Receipt of Money by Assessee is a mandatory condition to invoke...
Delay in filing of Income Tax Return due to Financial Difficulties: ITAT quashes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, upheld an order of the first appellate authority where the CIT(A) deleted a penalty order imposing Rs. 5000 on a Company for non-furnishing...
![Delay in filing of Income Tax Return due to Financial Difficulties: ITAT quashes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Delay-filing-of-Income-Tax-Return-Financial-Difficulties-ITAT-Penalty-taxscan.jpg "Delay in filing of Income Tax Return due to Financial Difficulties: ITAT quashes Penalty [Read Order]")
Relief to Hero Motocorp: No disallowance u/s 14A can be made by invoking provisions of Rule 8D retrospectively, says ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), while providing relief to Hero Motocorp ruled that no disallowance under section 14A can be made by invoking provisions of Rule 8D retrospectively. The...
![Relief to Hero Motocorp: No disallowance u/s 14A can be made by invoking provisions of Rule 8D retrospectively, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Relief-Hero-Motocorp-No-disallowance-invoking-provisions-Rule-8D-ITAT-taxscan.jpg "Relief to Hero Motocorp: No disallowance u/s 14A can be made by invoking provisions of Rule 8D retrospectively, says ITAT [Read Order]")
