![Foreign Exchange Fluctuation loss incurred in Business of Healthcare Cannot be allowed as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Foreign-Exchange-Fluctuation-loss-Business-of-Healthcare-Revenue-Expenditure-ITAT-TAXSCAN1.jpg "Foreign Exchange Fluctuation loss incurred in Business of Healthcare Cannot be allowed as Revenue Expenditure: ITAT [Read Order]")
Foreign Exchange Fluctuation loss incurred in Business of Healthcare Cannot be allowed as Revenue Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench in an appeal filed before it, held that foreign exchange fluctuation loss incurred in...
![Activities carried out by Rajasthan Para-Medical Council not Commercial, Liable for Registration u/S 12AA of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Rajasthan-Para-Medical-Council-Registration-Income-Tax-Act-ITAT-TAXSCAN.jpg "Activities carried out by Rajasthan Para-Medical Council not Commercial, Liable for Registration u/S 12AA of Income Tax Act: ITAT [Read Order]")
![Forfeiture of Earnest Money is Expenditure: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Forfeiture-of-Earnest-Money-is-Expenditure-ITAT-Disallowance-TAXSCAN.jpg "Forfeiture of Earnest Money is Expenditure: ITAT deletes Disallowance [Read Order]")
![Employer Contribution u/s 43B of Income Tax Act is allowable if Payment is done Before Filing of Returns u/s 139(1): ITAT quashes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Employer-Contribution-income-tax-act-payment-filing-of-returns-ITAT-Taxscan.jpg "Employer Contribution u/s 43B of Income Tax Act is allowable if Payment is done Before Filing of Returns u/s 139(1): ITAT quashes Addition [Read Order]")
![Assessee Misguided by Professional in Appellate Proceedings: ITAT remands Farmers Exemption Claim u/s 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Misguided-by-Professional-in-Appellate-Proceedings-ITAT-Exemption-Claim-TAXSCAN.jpg "Assessee Misguided by Professional in Appellate Proceedings: ITAT remands Farmers Exemption Claim u/s 54F [Read Order]")
Return of Income and Statement in Form-67 Filed within Due Date: ITAT directs Granting of Foreign Tax Credit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench, has recently, in an appeal filed before it, directed the granting of foreign tax credit, on the ground that the return of income and...
![Return of Income and Statement in Form-67 Filed within Due Date: ITAT directs Granting of Foreign Tax Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Return-of-Income-and-Statement-in-Form-67-Filed-ITAT-Foreign-Tax-Credit-TAXSCAN.jpg "Return of Income and Statement in Form-67 Filed within Due Date: ITAT directs Granting of Foreign Tax Credit [Read Order]")
![Revisional Power u/s 263 of Income Tax Act cannot be used to Reopen Assessment: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Revisional-Power-Income-Tax-Act-Reopen-Assessment-ITAT-Assessment-appeal-taxscan.jpg "Revisional Power u/s 263 of Income Tax Act cannot be used to Reopen Assessment: ITAT allows Appeal [Read Order]")
ITAT Upholds Deletion of Additions Made on Account of Share Application/Capital Received as Unexplained Cash Credits u/s 68 Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), upheld the deletion of additions made on account of share application or capital received as unexplained cash credits under Section 68 of the Income Tax Act...
![ITAT Upholds Deletion of Additions Made on Account of Share Application/Capital Received as Unexplained Cash Credits u/s 68 Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Upholds-Deletion-of-Additions-ITAT-Share-Application-Capital-Share-Capital-Unexplained-Cash-Credits-Income-Tax-Act-ITAT-Upholds-Deletion-Additions-Made-on-Account-of-Share-Application-Taxscan.jpg "ITAT Upholds Deletion of Additions Made on Account of Share Application/Capital Received as Unexplained Cash Credits u/s 68 Income Tax Act [Read Order]")
Assessee's Failure to Explain Investment Made in Shares of Paper Company with Exponential Increase of Share Value: ITAT upholds Application of Sec 68
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, upheld the application of section 68, on account of the assessee’s failure to explain investment...
No TDS Default on Interest Payments, if Form 15G/15H Submitted by Assessee before Year-end: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that no TDS default can me imposed on interest payments, if Income Tax Form 15G/ 15H is...
![No TDS Default on Interest Payments, if Form 15G/15H Submitted by Assessee before Year-end: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/TDS-Default-TDS-Interest-Payments-ITAT-TDS-Default-on-Interest-Payments-taxscan.jpg "No TDS Default on Interest Payments, if Form 15G/15H Submitted by Assessee before Year-end: ITAT [Read Order]")
Computation of Income resulting in Higher Income is only Difference of Opinion: ITAT deletes Penalty [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has recently while deleting the penalty imposed by the assessing officer held that computation of income resulting in a higher income is...
![Computation of Income resulting in Higher Income is only Difference of Opinion: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Higher-Incom-ITAT-Penalty-TAXSCAN.jpg "Computation of Income resulting in Higher Income is only Difference of Opinion: ITAT deletes Penalty [Read Order]")