![Failure to file Form No.10B Electronically: ITAT upholds Denial of Exemption claimed u/s 11 and 12 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Form-No.10B-ITAT-claim-taxscan.jpeg "Failure to file Form No.10B Electronically: ITAT upholds Denial of Exemption claimed u/s 11 and 12 [Read Order]")
Failure to file Form No.10B Electronically: ITAT upholds Denial of Exemption claimed u/s 11 and 12 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has up held the denial of exemption claimed under sections 11 and 12 since failure to file...
![Accounts were closed prior to Write-off of Advances: ITAT upholds Disallowance of Write-off [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Accounts-advances-ITAT-Write-off-taxscan.jpg "Accounts were closed prior to Write-off of Advances: ITAT upholds Disallowance of Write-off [Read Order]")
![ITAT allows Capital Gain Exemption u/s 54B on Sale of Agricultural Land even if Land is cultivated for some days during Relevant Years [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-agricultural-land-taxscan.jpg "ITAT allows Capital Gain Exemption u/s 54B on Sale of Agricultural Land even if Land is cultivated for some days during Relevant Years [Read Order]")
![ITAT quashes Levy of Penalty u/s 271(1)(c) without mentioning Specific Charge in the Notice issued u/s 274 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Penalty-Notice-taxscan.jpeg "ITAT quashes Levy of Penalty u/s 271(1)(c) without mentioning Specific Charge in the Notice issued u/s 274 [Read Order]")
![Failure in Submission of Form-10CCB: ITAT confirms Income Tax Deduction u/s 80IB [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Form-10CCB-ITAT-deduction-us-80IB-taxscan.jpeg "Failure in Submission of Form-10CCB: ITAT confirms Income Tax Deduction u/s 80IB [Read Order]")
No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that no evidence of remission or cessation of liability and deleted the addition of liability as profits chargeable to tax under...
![No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Evidence-ITAT-Tax-taxscan.jpeg "No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]")
Trust Facilitating Financial Assistance to the Poor, to Access Housing Credit, Not Eligible For Registration u/s.12AA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai, has recently ruled that a trust facilitating financial assistance to the poor, to access housing credit, is not eligible for getting a registration...
![Trust Facilitating Financial Assistance to the Poor, to Access Housing Credit, Not Eligible For Registration u/s.12AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Financial-Assistance-Housing-Credit-ITAT-taxscan.jpeg "Trust Facilitating Financial Assistance to the Poor, to Access Housing Credit, Not Eligible For Registration u/s.12AA: ITAT [Read Order]")
![Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Interest-Income-Tax-Deduction-ITAT-taxscan.jpeg "Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]")
![Deduction u/s 54F is allowable on Purchase of Property Outside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deduction-Purchase-of-Property-ITAT-taxscan.jpg "Deduction u/s 54F is allowable on Purchase of Property Outside India: ITAT [Read Order]")
Gratuitous Loan by Company to Shareholders in Return to an advantage cannot be treated as Deemed Dividend: ITAT deletes Addition u/s 2(22)(e)
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) presided by Mr. Anil Chaturvedi, Accountant Member, and Ms. Astha Chandra, Judicial Member has held that gratuitous loan by the company to...
Serving of Liqour on Seminars conducted by Federation of Delhi Textile Merchants is not 'Charitable Activity': ITAT directs Fresh Adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, while directing the income tax department to conduct a fresh adjudication in granting tax exemption to Federation of Delhi Textile Merchants,...
![Serving of Liqour on Seminars conducted by Federation of Delhi Textile Merchants is not Charitable Activity: ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Serving-of-Liqour-on-Seminars-conducted-by-Federation-of-Delhi-Textile-Merchants-Charitable-Activity-ITAT-Adjudication-taxscan.jpg "Serving of Liqour on Seminars conducted by Federation of Delhi Textile Merchants is not Charitable Activity: ITAT directs Fresh Adjudication [Read Order]")