Income Tax Act
![Repayment of Loan in Cash in excess of Rs.20,000: ITAT upholds Penalty u/s 271E of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Repayment-of-Loan-in-Cash-ITAT-Penalty-Income-Tax-Act-TAXSCAN.jpg "Repayment of Loan in Cash in excess of Rs.20,000: ITAT upholds Penalty u/s 271E of Income Tax Act [Read Order]")
Repayment of Loan in Cash in excess of Rs.20,000: ITAT upholds Penalty u/s 271E of Income Tax Act [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has upheld the penalty imposed under Section 271E as the repayment of loan in cash had...
![CSR Expenditure Deductible u/s 37(1) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/CSR-Expenditure-Income-Tax-Act-Income-Tax-Delhi-Highcourt-taxscan.jpg "CSR Expenditure Deductible u/s 37(1) of Income Tax Act: Delhi HC [Read Order]")
![CBDT Circular Prescribing Limitation to Decide Application for Compounding of Offence Violative of S. 279(2) of Income Tax Act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/CBDT-Circular-Income-Tax-Act-Bombay-HC-TAXSCAN.jpg "CBDT Circular Prescribing Limitation to Decide Application for Compounding of Offence Violative of S. 279(2) of Income Tax Act: Bombay HC [Read Order]")
![Disallowance u/s. 40(a)(i) cannot be Invoked in view of Retrospective Amendment to S. 195 Imposing TDS on Payment to Non-Residents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Disallowance-us.-40ai-Retrospective-Amendment-to-S.-195-Imposing-TDS-Payment-Non-Residents-ITAT-Taxscan.jpg "Disallowance u/s. 40(a)(i) cannot be Invoked in view of Retrospective Amendment to S. 195 Imposing TDS on Payment to Non-Residents: ITAT [Read Order]")
![Relief to Astra Zeneca: ITAT restores matter on Disallowance of Contribution towards Gratuity Funds [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Astra-Zeneca-Relief-to-Astra-Zeneca-ITAT-Relief-to-Astra-Zeneca-Disallowance-Disallowance-of-Contribution-Gratuity-Funds-Funds-Income-Tax-Income-Tax-Act-taxscan-.jpg "Relief to Astra Zeneca: ITAT restores matter on Disallowance of Contribution towards Gratuity Funds [Read Order]")
![Beneficial Provision of S. 54B of Income Tax Act shall be Interpreted Liberally: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Act-Income-tax-ITAT-taxscan.jpg "Beneficial Provision of S. 54B of Income Tax Act shall be Interpreted Liberally: ITAT [Read Order]")
Mere Wrong Mention of TAN in TDS Deposit Challan would not Attract Demand u/s 200A of Income Tax Act: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) found that incorrectly entering a Tax Deduction Account Number (TAN) in a Tax Deduction Source (TDS) deposit Challan will not result in a...
![Mere Wrong Mention of TAN in TDS Deposit Challan would not Attract Demand u/s 200A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TAN-TDS-Deposit-Challan-Income-Tax-Act-ITAT-TAXSCAN.jpg "Mere Wrong Mention of TAN in TDS Deposit Challan would not Attract Demand u/s 200A of Income Tax Act: ITAT [Read Order]")
18% GST applicable on Renting Immovable Property to an Educational Institution registered u/s 12AA of Income Tax Act: AAR [Read Order]
The Telangana Authority of Advance Ruling (AAR) recently held that 18% GST applicable on renting immovable property to an Educational Institution which was registered under section 12AA of Income Tax...
![18% GST applicable on Renting Immovable Property to an Educational Institution registered u/s 12AA of Income Tax Act: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/GST-Renting-Immovable-Property-Educational-Institution-Income-Tax-Act-AAR-GST-on-Renting-Immovable-Property-taxscan.jpg "18% GST applicable on Renting Immovable Property to an Educational Institution registered u/s 12AA of Income Tax Act: AAR [Read Order]")
Late Fee for Delayed filing of TDS u/s 234E of Income Tax Act Not Leviable for Year 2012-13: Kerala HC [Read Order]
In a recent ruling, the Kerala High Court ruled that the late fee for delayed filing of TDS under section 234 of the Income Tax Act, 1961 cannot be levied for the year 2012-13 as the amended...
![Late Fee for Delayed filing of TDS u/s 234E of Income Tax Act Not Leviable for Year 2012-13: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Late-Fee-filing-of-TDS-TDS-Income-Tax-Act-Income-Tax-Kerala-High-Court-taxscan.jpg "Late Fee for Delayed filing of TDS u/s 234E of Income Tax Act Not Leviable for Year 2012-13: Kerala HC [Read Order]")
Bombay HC Stays IBBI Order Disqualifying RV during Prosecution in relation to PMC Bank Fraud [Read Order]
In a significant ruling, a division bench of the Bombay High Court has stayed the action of the IBBI disqualifying a Registered Valuer on account of the scam relating to PMC Bank. The Petitioner,...
![Bombay HC Stays IBBI Order Disqualifying RV during Prosecution in relation to PMC Bank Fraud [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Bombay-High-Court-IBBI-IBBI-Order-Disqualifying-RV-Prosecution-PMC-Bank-Fraud-PMC-Bank-Bank-Fraud-taxscan.jpg "Bombay HC Stays IBBI Order Disqualifying RV during Prosecution in relation to PMC Bank Fraud [Read Order]")
Feminist Judgement from Supreme Court: “Individual” u/s 10(26AAA) of Income Tax Act includes both Men and Women,Excluding Married Women is “Discriminatory”
In a ruling striking down a part of section 10(26AAA) of Income Tax Act, 1961, the Supreme Court has held that denial of income tax exemption for “married Sikkimees women” is discriminatory as the...
