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![Furniture and Maintenance Expenditure does not amount to Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Furniture-and-Maintenance-Expenditure-does-not-amount-to-Capital-Expenditure-ITAT-TAXSCAN.jpg "Furniture and Maintenance Expenditure does not amount to Capital Expenditure: ITAT [Read Order]")
Furniture and Maintenance Expenditure does not amount to Capital Expenditure: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal(ITAT) has held that Furniture and Maintenance expenditure does not amount to capital...
![Income Addition on Unexplained Expenditure is valid When Assessee fails to Explain the Source of Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Addition-on-Unexplained-Expenditure-is-valid-When-Assessee-fails-to-Explain-the-Source-of-Expenditure-ITAT-TAXSCAN.jpg "Income Addition on Unexplained Expenditure is valid When Assessee fails to Explain the Source of Expenditure: ITAT [Read Order]")
![Liaison Office doesnt constitute PE in India, No Income Tax Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Liaison-Office-doesnt-constitute-PE-in-India-No-Income-Tax-Addition-ITAT-TAXSCAN.jpg "Liaison Office doesnt constitute PE in India, No Income Tax Addition: ITAT [Read Order]")
![Verification of Cash Deposits without considering Repayment and Submissions of Assessee: ITAT cancels Confirmation of Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Deposit-Verification-of-Cash-Deposits-Repayment-Submissions-of-Assessee-ITAT-taxscan.jpg "Verification of Cash Deposits without considering Repayment and Submissions of Assessee: ITAT cancels Confirmation of Additions [Read Order]")
![Revisional Order passed without DIN is violative of CBDT Circular, Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Revisional-Order-passed-without-DIN-is-violative-of-CBDT-Circular-Invalid-ITAT-TAXSCAN.jpg "Revisional Order passed without DIN is violative of CBDT Circular, Invalid: ITAT [Read Order]")
Bad Debts from Credit Card Business Deductible as Business Loss: ITAT Grants Relief to IndusInd Bank [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while allowing relief to IndusInd Bank has held that the bad debts arising from the credit card business shall be allowable as business...
![Bad Debts from Credit Card Business Deductible as Business Loss: ITAT Grants Relief to IndusInd Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Bad-Debts-Bad-Debts-from-Credit-Card-Business-Business-Loss-ITAT-IndusInd-Bank-taxscan.jpg "Bad Debts from Credit Card Business Deductible as Business Loss: ITAT Grants Relief to IndusInd Bank [Read Order]")
![Mere Making of a Wrong Claim would not attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Income-Tax-Penalty-ITAT-taxscan.jpg "Mere Making of a Wrong Claim would not attract Income Tax Penalty: ITAT [Read Order]")
![No Disallowance u/s 14A on Tax Free Bonds: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Disallowance-on-Tax-Free-Bonds-ITAT-TAXSCAN.jpg "No Disallowance u/s 14A on Tax Free Bonds: ITAT [Read Order]")
![OCI is Fees for Technical Services u/s 115A of Income Tax Act: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/OCI-is-Fees-for-Technical-Services-of-Income-Tax-Act-ITAT-deletes-Addition-TAXSCAN.jpg "OCI is Fees for Technical Services u/s 115A of Income Tax Act: ITAT deletes Addition [Read Order]")
![Relief to BBC: No Income Tax on Receipt from Distribution of News in India, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/BBC-No-Income-Tax-on-Receipt-from-Distribution-of-News-in-India-rules-ITAT-TAXSCAN.jpg "Relief to BBC: No Income Tax on Receipt from Distribution of News in India, rules ITAT [Read Order]")
No Income Tax Penalty u/s 44A and 44B if the Commission receipt falls below Threshold Limit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench recently in an appeal held that penalty would not be imposed under Section 44A and 44B Income Tax Act, 1961 if the commission receipt of assessee...
![No Income Tax Penalty u/s 44A and 44B if the Commission receipt falls below Threshold Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Income-Tax-Penalty-Commission-receipt-falls-below-Threshold-Limit-ITAT-TAXSCAN.jpg "No Income Tax Penalty u/s 44A and 44B if the Commission receipt falls below Threshold Limit: ITAT [Read Order]")
Cash Receipt of Less than Rs. 2L from different Persons on different Dates would not attract S. 269ST of Income Tax Act: ITAT deletes Penalty [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has deleted a penalty under section 271DA of the Income Tax Act, 1961 by holding that the cash receipt of less than two lakh rupees...
![Cash Receipt of Less than Rs. 2L from different Persons on different Dates would not attract S. 269ST of Income Tax Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Receipt-of-Less-Different-Persons-on-Different-Dates-would-not-attract-of-Income-Tax-Act-ITAT-deletes-Penalty-TAXSCAN.jpg "Cash Receipt of Less than Rs. 2L from different Persons on different Dates would not attract S. 269ST of Income Tax Act: ITAT deletes Penalty [Read Order]")