![Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Rural-Advances-Head-office-accounts-Deduction-Bad-and-Doubtful-Debts-ITAT-taxscan.jpg "Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]")
Rural Advances consolidated and shown in Head Office Accounts are eligible for Deduction as Bad and Doubtful Debts u/s 36(1)(viia): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai has held that rural advances consolidated and shown in Head office accounts are eligible for...
![Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Debatable-issues-ITAT-Deduction-taxscan.jpg "Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]")
![Mere Suspicions of PCIT cannot be basis for Initiation Proceedings u/s 263: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PCIT-ITAT-Revisional-Order-taxscan.jpeg "Mere Suspicions of PCIT cannot be basis for Initiation Proceedings u/s 263: ITAT quashes Revisional Order [Read Order]")
![Neglecting Income Tax Notices: ITAT imposes Cost of Rs. 2000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Notices-ITAT-Assessee-taxscan.jpeg "Neglecting Income Tax Notices: ITAT imposes Cost of Rs. 2000 on Assessee [Read Order]")
![No Connection between Interest Income and PE: ITAT upholds Lower Tax Rate on Interest Income under Article 11(2) of Indo-Japanese Tax Treaty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/PE-ITAT-Lower-Tax-rate-Interest-Income-Indo-Japanese-Tax-Treaty-taxscan.jpeg "No Connection between Interest Income and PE: ITAT upholds Lower Tax Rate on Interest Income under Article 11(2) of Indo-Japanese Tax Treaty [Read Order]")
No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Waseem Ahmed, Accountant Member and Siddhartha Nautiyal, Judicial Member held that no addition can be made on estimated basis,...
![No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Books-of-Account-Assessee-ITAT-taxscan.jpeg "No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]")
Credit of DDT paid denied on Technical Default: ITAT directs Revenue to correct Data uploaded in OLTAS Database and Grant Credit of DDT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench has held that credit of Dividend Distribution Tax (DDT) paid denied on technical default and directs revenue to correct data uploaded in...
![Credit of DDT paid denied on Technical Default: ITAT directs Revenue to correct Data uploaded in OLTAS Database and Grant Credit of DDT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Revenue-Data-OLTAS-Database-Credit-DDT-taxscan.jpg "Credit of DDT paid denied on Technical Default: ITAT directs Revenue to correct Data uploaded in OLTAS Database and Grant Credit of DDT [Read Order]")
Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the loan amount obtained by the assessee from his friends out of their labour work income cannot be dismissed by the income tax...
![Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Loan-Amount-Labour-Work-Income-ITAT-taxscan.jpeg "Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]")
Business of Infrastructure Development comes under the definition of Developer, Deduction u/s 80IA (4) is claimable: ITAT [Read Order]
While considering a bunch of appeals filed by the assessee, the Ahmedabad bench of Income Tax Appellant Tribunal, comprising Ms Annapurna Gupta, Accountant Member and Shri Mahavir Prasad, Judicial...
![Business of Infrastructure Development comes under the definition of Developer, Deduction u/s 80IA (4) is claimable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Business-infrastructure-development-developer-deduction-ITAT-taxscan.jpg "Business of Infrastructure Development comes under the definition of Developer, Deduction u/s 80IA (4) is claimable: ITAT [Read Order]")
Inadequate Opportunity of Hearing in Appeal Proceedings: ITAT remands matter back to CIT(A) for Fresh Adjudication [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that inadequate opportunity for hearing in appeal proceedings and remand matter back to Commissioner Income Tax (Appeal) for...
![Inadequate Opportunity of Hearing in Appeal Proceedings: ITAT remands matter back to CIT(A) for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Appeal-Proceedings-ITAT-CITA-Adjudication-taxscan.jpeg "Inadequate Opportunity of Hearing in Appeal Proceedings: ITAT remands matter back to CIT(A) for Fresh Adjudication [Read Order]")
![ITAT deletes Revision order passed u/s 263 based on Presumption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Revision-order-taxscan.jpg "ITAT deletes Revision order passed u/s 263 based on Presumption [Read Order]")
![No Addition towards Anonymous Deduction If Identity of Donors is established: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/donors-money-donations-ITAT-taxscan.jpeg "No Addition towards Anonymous Deduction If Identity of Donors is established: ITAT [Read Order]")