Income Tax Act
![Revisionary Powers u/s 263 of Income Tax Act not prevails if AO Conducts Inquiry and Verification during Assessment: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Revisionary-Powers-Income-Tax-Act-not-prevails-if-AO-Conducts-Inquiry-and-Verification-during-Assessment-ITAT-quashes-Revision-Order-TAXSCAN.jpg "Revisionary Powers u/s 263 of Income Tax Act not prevails if AO Conducts Inquiry and Verification during Assessment: ITAT quashes Revision Order [Read Order]")
Revisionary Powers u/s 263 of Income Tax Act not prevails if AO Conducts Inquiry and Verification during Assessment: ITAT quashes Revision Order [Read Order]
The Pune Bench of Income Tax Appellate Tribunal has quashed the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under...
![No Disallowance u/s. 40(a)(ia) of Income Tax Act can be Made for Short Deduction of Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disallowance-No-Disallowance-ITAT-short-deduction-section-40aia-of-Income-Tax-Act-taxscan.jpg "No Disallowance u/s. 40(a)(ia) of Income Tax Act can be Made for Short Deduction of Tax: ITAT [Read Order]")
![Revision Order u/s 263 of Income Tax Act Against a Deceased Person is Not Valid : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Revision-Order-Income-Tax-Act-Income-Tax-Deceased-Person-ITAT-taxscan.jpg "Revision Order u/s 263 of Income Tax Act Against a Deceased Person is Not Valid : ITAT [Read Order]")
![ITAT Upholds Levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Furnishing Inaccurate Particulars of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/penalty-levy-section-2711c-of-Income-Tax-Act-upheld-itat-taxscan.jpg "ITAT Upholds Levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Furnishing Inaccurate Particulars of Income [Read Order]")
![Income Earned by Co-operative Society is eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Co-operative-Society-West-Bengal-Co-operative-Societies-Act-Income-Earned-by-Co-operative-Society-taxscan.jpg "Income Earned by Co-operative Society is eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]")
Income from a Partnership Firm having Separate Identity from Partner can't be added together u/s 69A of Income Tax Act: ITAT deletes Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the income from the partnership firm having a separate identity from the partner cannot be added together under Section 69A of...
![Income from a Partnership Firm having Separate Identity from Partner cant be added together u/s 69A of Income Tax Act: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-from-a-Partnership-Firm-having-Separate-Identity-Income-from-a-Partnership-Firm-Income-Partnership-Firm-Income-Tax-Act-ITAT-deletes-Addition-ITAT-Taxscan.jpg "Income from a Partnership Firm having Separate Identity from Partner cant be added together u/s 69A of Income Tax Act: ITAT deletes Addition [Read Order]")
No Additions can be made u/s 68 of Income Tax Act when the Identities of lenders are Proved and loans are Repaid: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that no additions can be made under Section 68 of the Income Tax Act, 1961 when the identities of the lenders are proved and loans...
![No Additions can be made u/s 68 of Income Tax Act when the Identities of lenders are Proved and loans are Repaid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/of-Income-Tax-Act-Identities-of-lenders-are-Proved-loans-are-Repaid-ITAT-taxscan.jpg "No Additions can be made u/s 68 of Income Tax Act when the Identities of lenders are Proved and loans are Repaid: ITAT [Read Order]")
ITAT upholds Allowance of Deduction u/s 10AA of Income Tax Act on ground of Proper e-filing of Form 56F [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) upheld the allowance of deduction by the Commissioner of Income Tax (Appeals) under section 10AA of the Income Tax Act,1961 on the...
![ITAT upholds Allowance of Deduction u/s 10AA of Income Tax Act on ground of Proper e-filing of Form 56F [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/deduction-claim-allow-filing-electronic-filing-form-56F-income-tax-upheld-ITAT-taxscan.jpg "ITAT upholds Allowance of Deduction u/s 10AA of Income Tax Act on ground of Proper e-filing of Form 56F [Read Order]")
Madras HC Upholds Order passed by Deputy Commissioner u/s 220(6) of Income Tax Act on ground of Non-appearance of Petitioner [Read Order]
The Madras High Court upheld the order passed by the Deputy Commissioner under section 220(6) of the Income Tax Act,1961 on the ground of non-appearance of the petitioner. Doosan power...
![Madras HC Upholds Order passed by Deputy Commissioner u/s 220(6) of Income Tax Act on ground of Non-appearance of Petitioner [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Madras-HC-Madras-HC-Upholds-Order-Madras-HC-Upholds-Order-passed-by-Deputy-Commissioner-taxscan.jpg "Madras HC Upholds Order passed by Deputy Commissioner u/s 220(6) of Income Tax Act on ground of Non-appearance of Petitioner [Read Order]")
Deduction u/s 80P of Income Tax Act shall not be allowed on Interest Income earned from Nationalized Banks: ITAT upholds CIT(A) Order [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench while upholding the order of Commissioner of Income Tax (Appeal) held that deduction under Section 80P of Income Tax Act, 1961 should not be...
![Deduction u/s 80P of Income Tax Act shall not be allowed on Interest Income earned from Nationalized Banks: ITAT upholds CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Deduction-Income-Tax-Act-shall-not-be-allowed-on-Interest-Income-earned-from-Nationalized-Banks-ITAT-Upholds-CITA-order-TAXSCAN.jpg "Deduction u/s 80P of Income Tax Act shall not be allowed on Interest Income earned from Nationalized Banks: ITAT upholds CIT(A) Order [Read Order]")
![CSR Expenses Allowable as Deduction u/s 80G of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CSR-Expenses-Allowable-as-Deduction-Income-Tax-Act-ITAT-TAXSCAN.jpg "CSR Expenses Allowable as Deduction u/s 80G of Income Tax Act: ITAT [Read Order]")