![Benefit of set-off of brought Forward Business Losses cannot be allowed on Non-genuine Demerger: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/business-losses-demerger-ITAT-taxscan.jpg "Benefit of set-off of brought Forward Business Losses cannot be allowed on Non-genuine Demerger: ITAT [Read Order]")
Benefit of set-off of brought Forward Business Losses cannot be allowed on Non-genuine Demerger: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) has held that benefit of set-off of brought forward business losses cannot be allowed on the...
![Income Tax Deduction u/s 80IB(10) applicable to Commercial Establishments/Shops: ITAT follows SC Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Deduction-Commercial-Establishments-ITAT-SC-Ruling-taxscan.jpg "Income Tax Deduction u/s 80IB(10) applicable to Commercial Establishments/Shops: ITAT follows SC Ruling [Read Order]")
![Proprietary Concern not required to obtain Separate PAN: ITAT upholds Deletion of Addition u/s 40(a)(ia) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PAN-ITAT-Deletion-Addition-taxscan.jpeg "Proprietary Concern not required to obtain Separate PAN: ITAT upholds Deletion of Addition u/s 40(a)(ia) [Read Order]")
![Addition of Unexplained Cash u/s 69 is not sustainable when the Genuineness of Transaction proved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/unexplained-cash-transaction-ITAT-taxscan.jpg "Addition of Unexplained Cash u/s 69 is not sustainable when the Genuineness of Transaction proved: ITAT [Read Order]")
![Interest on Enhanced Compensation for Land Acquisition: No Addition Even If TDS was Deducted, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Interest-Compensation-Land-Acquisition-TDS-ITAT-taxscan.jpg "Interest on Enhanced Compensation for Land Acquisition: No Addition Even If TDS was Deducted, rules ITAT [Read Order]")
![TDS not applicable to Client Referral Fee as It won’t amount to FTS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/TDS-Client-Referral-Fee-FTS-ITAT-taxscan.jpg "TDS not applicable to Client Referral Fee as It won’t amount to FTS: ITAT [Read Order]")
![Cash Purchase of Property with Family Support: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Purchase-Property-Family-Support-ITAT-Addition-taxscan.jpeg "Cash Purchase of Property with Family Support: ITAT deletes Addition [Read Order]")
Consideration paid for Acquisition of Shares does not come under Revenue Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune has ruled that, Consideration paid for the acquisition of shares does not come under revenue deduction. The appellant, M/s. Adler Mediequip Pvt. Ltd...
![Consideration paid for Acquisition of Shares does not come under Revenue Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/acquisition-of-shares-revenue-deduction-ITAT-taxscan.jpeg "Consideration paid for Acquisition of Shares does not come under Revenue Deduction: ITAT [Read Order]")
Expenditure claimed towards Write-off Investment in Capital Loss cannot be allowed as Deduction u/s 37(1): ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that expenditure claimed towards write-off investment in capital loss cannot be allowed as deduction u/s.37(1). The appellate,...
![Expenditure claimed towards Write-off Investment in Capital Loss cannot be allowed as Deduction u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Expenditure-Investment-Capital-Loss-Deduction-ITAT-taxscan.jpg "Expenditure claimed towards Write-off Investment in Capital Loss cannot be allowed as Deduction u/s 37(1): ITAT [Read Order]")
Addition on Additional Grounds are not Permissible if AO not make Addition on Primary Ground for Reopening Assessment: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal has held that addition on additional grounds are not permissible if Assessing Officer does not make an addition on the primary ground for reopening...
![Addition on Additional Grounds are not Permissible if AO not make Addition on Primary Ground for Reopening Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/AO-Assessment-ITAT-taxscan.jpg "Addition on Additional Grounds are not Permissible if AO not make Addition on Primary Ground for Reopening Assessment: ITAT [Read Order]")
Loan amount received through proper Banking Channel and Confirmation Letter also filed: ITAT sets aside Addition as Genuineness of Transaction proved [Read Order]
Income Tax Appellate Tribunal (ITAT), Chennai sets aside addition as genuineness of transaction was proved by assessee as loan amount was received through proper banking channel and confirmation...
![Loan amount received through proper Banking Channel and Confirmation Letter also filed: ITAT sets aside Addition as Genuineness of Transaction proved [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Loan-amount-banking-channel-confirmation-letter-ITAT-transaction-taxscan.jpeg "Loan amount received through proper Banking Channel and Confirmation Letter also filed: ITAT sets aside Addition as Genuineness of Transaction proved [Read Order]")
![Ex-parte order without properly serving the hearing notice: ITAT restores matter to CIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Ex-parte-order-notice-ITAT-CIT-taxscan.jpeg "Ex-parte order without properly serving the hearing notice: ITAT restores matter to CIT [Read Order]")