![Failure to Provide Details of Payee: ITAT Restricts Disallowance of Expenses to 30% u/s 40(a)(ia) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Failure-to-Provide-Details-Payee-ITAT-Restricts-Disallowance-Expenses-ITAT-TAXSCAN.jpg "Failure to Provide Details of Payee: ITAT Restricts Disallowance of Expenses to 30% u/s 40(a)(ia) [Read Order]")
Failure to Provide Details of Payee: ITAT Restricts Disallowance of Expenses to 30% u/s 40(a)(ia) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has restricted the disallowance of expenses to 30% under Section 40(a)(ia) of the Income...
![Addition made by AO u/s 69A r.w.s 115BBE of Income Tax Act due to Non Filing of ROI : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-due-Non-Filing-of-ROI-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Addition made by AO u/s 69A r.w.s 115BBE of Income Tax Act due to Non Filing of ROI : ITAT Directs Re-adjudication [Read Order]")
![Amount Received Not in respect of Transfer of Title, Rights or Interest in Property cannot be Taxable Under Head of “Capital Gains”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Amount-Received-respect-of-Transfer-of-Title-Rights-or-Interest-Property-cannot-Taxable-Under-Head-Capital-Gains-ITAT-TAXSCAN.jpg "Amount Received Not in respect of Transfer of Title, Rights or Interest in Property cannot be Taxable Under Head of “Capital Gains”: ITAT [Read Order]")
![Section 292BB of Income Tax Act shall not applicable if Assessee not Participated in Reassessment Proceedings: ITAT quashes Notice to Dead Person [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-Income-Tax-Reassessment-Proceedings-ITAT-quashes-notice-to-Dead-Person-taxscan.jpg "Section 292BB of Income Tax Act shall not applicable if Assessee not Participated in Reassessment Proceedings: ITAT quashes Notice to Dead Person [Read Order]")
![Capital Gain Exemption u/s 54F of I.T Act shall not be Disallowed if amounts for Purchase of Property and Construction were Paid duly within Relevant Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Capital-Gain-Exemption-Capital-Gain-I.T-Act-Purchase-of-Property-Purchase-of-Construction-ITAT-taxscan.jpg "Capital Gain Exemption u/s 54F of I.T Act shall not be Disallowed if amounts for Purchase of Property and Construction were Paid duly within Relevant Period: ITAT [Read Order]")
Deduction shall not be Disallowed u/s 40(a)(ia) of Income Tax Act on ground of TDS not Deducted, if Recipient includes Income from Receipts of Assessee: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that deduction should not be disallowed under Section 40(a)(ia) of Income Tax Act, 1961 on ground of Tax Deduction at...
![Deduction shall not be Disallowed u/s 40(a)(ia) of Income Tax Act on ground of TDS not Deducted, if Recipient includes Income from Receipts of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-Tax-Deduction-at-Source-Income-from-receipts-Commissioner-of-Income-Tax-Assessment-Years-ITAT-TAXSCAN.jpg "Deduction shall not be Disallowed u/s 40(a)(ia) of Income Tax Act on ground of TDS not Deducted, if Recipient includes Income from Receipts of Assessee: ITAT [Read Order]")
Disallowance of EPF Contribution due to Late Deposit u/s 36(1)(va) of Income Tax Act: ITAT Directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) directed re-adjudication for the disallowance of workers' provident fund (PF) contributions because they were made after the deadline...
![Disallowance of EPF Contribution due to Late Deposit u/s 36(1)(va) of Income Tax Act: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-EPF-Contribution-Late-Deposit-Income-Tax-Act-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Disallowance of EPF Contribution due to Late Deposit u/s 36(1)(va) of Income Tax Act: ITAT Directs Re-adjudication [Read Order]")
Head Wise Bifurcation not Required for Computation of Insurance Company Income: ITAT Deletes Disallowance u/s 14A of Income Tax Act Against Oriental Insurance [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance under Section 14A of the Income Tax Act 1961 against oriental insurance company holding that head wise bifurcation...
![Head Wise Bifurcation not Required for Computation of Insurance Company Income: ITAT Deletes Disallowance u/s 14A of Income Tax Act Against Oriental Insurance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Head-wise-Bifurcation-Insurance-Company-Income-ITA-disallowance-Oriental-Insurance-ITAT-TAXSCAN.jpg "Head Wise Bifurcation not Required for Computation of Insurance Company Income: ITAT Deletes Disallowance u/s 14A of Income Tax Act Against Oriental Insurance [Read Order]")
Cash Seized can be Adjusted Against Self-Assessment Tax Payable u/s 132B of Income Tax Act: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the cash seized could be adjusted against self-assessment tax payable under Section 132B of the Income Tax Act, 1961. The...
![Cash Seized can be Adjusted Against Self-Assessment Tax Payable u/s 132B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cash-Seized-Income-Tax-Self-Assessment-Tax-Income-Tax-Act-ITAT-taxscan.jpg "Cash Seized can be Adjusted Against Self-Assessment Tax Payable u/s 132B of Income Tax Act: ITAT [Read Order]")
Cash Deposit made in Savings Bank account is Sale Consideration earned from Agricultural Land: ITAT Quashes Revision Order [Read Order]
The Amritsar bench of Income Tax Appellate Tribunal (ITAT) while quashing the revision order, held that cash deposit made in a savings bank account is sale consideration earned from the...
![Cash Deposit made in Savings Bank account is Sale Consideration earned from Agricultural Land: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cash-Deposit-made-Savings-Bank-account-Sale-Consideration-earned-Agricultural-Land-ITAT-TAXSCAN.jpg "Cash Deposit made in Savings Bank account is Sale Consideration earned from Agricultural Land: ITAT Quashes Revision Order [Read Order]")
Assessee Not an ”Assessee in Default” u/s 201(1) of Income Tax Act in absence of Ascertainable Amount & Identifiable Payee: ITAT Rules TDS Not Applicable on Provisions for Expenses [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the assessee cannot be treated as an "Assessee in Default" under Section 201(1) of the Income Tax Act, 1961 in the absence of...
![Assessee Not an ”Assessee in Default” u/s 201(1) of Income Tax Act in absence of Ascertainable Amount & Identifiable Payee: ITAT Rules TDS Not Applicable on Provisions for Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-absence-of-Ascertainable-Amount-Identifiable-Payee-ITAT-Rules-TDS-Not-Applicable-Provisions-for-expenses.jpg "Assessee Not an ”Assessee in Default” u/s 201(1) of Income Tax Act in absence of Ascertainable Amount & Identifiable Payee: ITAT Rules TDS Not Applicable on Provisions for Expenses [Read Order]")
ITAT Dismisses Issue Pertaining to Applicability of Tax Rate Provide under India-Mauritius DTAA to Dividend Declared by Ambuja Cement [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently dismissed an issue pertaining to applicability of tax rate provided under India-Mauritius (DTAA) to dividend declared by Ambuja...
![ITAT Dismisses Issue Pertaining to Applicability of Tax Rate Provide under India-Mauritius DTAA to Dividend Declared by Ambuja Cement [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-tax-rate-India-Mauritius-DTAA-DTAA-Ambuja-Cement-dividend-dismisses-taxscan.jpg "ITAT Dismisses Issue Pertaining to Applicability of Tax Rate Provide under India-Mauritius DTAA to Dividend Declared by Ambuja Cement [Read Order]")