![Availability of Interest-Free Funds more than Investments: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Delhi-HC-Income-Tax-Act-Disallowance-Availability-taxscan.jpg "Availability of Interest-Free Funds more than Investments: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]")
Availability of Interest-Free Funds more than Investments: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]
The Delhi High Court upheld the deletion of disallowance under the Income Tax Act, 1961 as the availability of interest-free funds more than...
![Form-67 Filed Before Issuance of Intimation: Madras HC directs Income Tax Dept to consider FTC Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/FTC-Claim-Income-Tax-Dept-to-consider-FTC-Claim-Madras-High-Court-taxscan.jpg "Form-67 Filed Before Issuance of Intimation: Madras HC directs Income Tax Dept to consider FTC Claim [Read Order]")
![Breaking: CBDT notifies Changes in Form ITR 7 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/11/CBDT-notifies-Changes-in-Form-ITR-7-ITR-CBDT-Breaking-news-Taxscan.png "Breaking: CBDT notifies Changes in Form ITR 7 [Read Notification]")
![CBDT Introduces new Form No. 56F to be Furnished by Assessee from Accountant u/s 10AA(8); Amends Income Tax Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/10/CBDT-Introduces-new-Form-No.-56F-Assessee-from-Accountant-Income-Tax-Rules-taxscan.jpg "CBDT Introduces new Form No. 56F to be Furnished by Assessee from Accountant u/s 10AA(8); Amends Income Tax Rules [Read Notification]")
![Failure to substantiate genuineness of activities of Assessee Trust for getting Registration u/s 12A of Income Tax Act: ITAT remits matter back to CIT(E) for De-Novo Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-genuineness-Failure-to-substantiate-genuineness-of-activities-of-Assessee-genuineness-of-activities-Assessee-Trust-taxscan.jpg "Failure to substantiate genuineness of activities of Assessee Trust for getting Registration u/s 12A of Income Tax Act: ITAT remits matter back to CIT(E) for De-Novo Consideration [Read Order]")
Interest Bearing Funds Not Applied for the Purpose of Making Investments: ITAT Deletes Disallowance u/s 14A r.w.r 8D(2)(ii) of Income Tax Rules [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance made under Section 14A of the Income Tax Act 1961 read with Section 8D(2)(ii) of the Income Tax Rules 1962. ...
![Interest Bearing Funds Not Applied for the Purpose of Making Investments: ITAT Deletes Disallowance u/s 14A r.w.r 8D(2)(ii) of Income Tax Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Interest-Funds-Investments-Interest-Bearing-Funds-Not-Applied-for-the-Purpose-of-Making-Investments-ITAT-taxscan.jpg "Interest Bearing Funds Not Applied for the Purpose of Making Investments: ITAT Deletes Disallowance u/s 14A r.w.r 8D(2)(ii) of Income Tax Rules [Read Order]")
CBDT introduces Changes to Income Tax Rules Pursuant to Special Audit u/s 142(2A): Inserts New Form 6D for Inventory Valuation Report [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notification no. G.S.R. 697(E) issued on 27th September 2023 has notified the new amendments the Income Tax Rules, 1962 in pursuant to the Special Audit...
![CBDT introduces Changes to Income Tax Rules Pursuant to Special Audit u/s 142(2A): Inserts New Form 6D for Inventory Valuation Report [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/09/CBDT-introduces-Changes-to-Income-Tax-Rules-Pursuant-to-Special-Audit-Inserts-New-Form-6D-for-Inventory-Valuation-Report-TAXSCAN.jpg "CBDT introduces Changes to Income Tax Rules Pursuant to Special Audit u/s 142(2A): Inserts New Form 6D for Inventory Valuation Report [Read Notification]")
![CBDT Amends and Inserts Rule 6ABBB in Income Tax Rules, 1962 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/CBDT-Amends-Inserts-Rule-Income-Tax-Rules-taxscan.jpg "CBDT Amends and Inserts Rule 6ABBB in Income Tax Rules, 1962 [Read Order]")
CBDT Clarifies accounts in Gratuity Fund fulfilling conditions in Rule 114F(5) of Income Tax Rules shall be Treated as Excluded Accounts
The Central Board of Direct Taxes (CBDT) issued the clarification in respect of Rule 114F(5) of Income Tax Rules, 1962. The board has covered the treatment of the gratuity fund, Treaty Qualified...
CBDT Amends Income Tax Rules 1962 in view of IFSC Related Proposals in Finance Act 2023 [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notification no. G.S.R. 514(E) published on 17th July 2023 has amended the Income Tax Rules, 1962 in view of IFSC Related Proposals in Finance Act 2023....
![CBDT Amends Income Tax Rules 1962 in view of IFSC Related Proposals in Finance Act 2023 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/07/CBDT-Amends-Income-Tax-Rules-IFSC-Related-Proposals-in-Finance-Act-TAXSCAN.jpg "CBDT Amends Income Tax Rules 1962 in view of IFSC Related Proposals in Finance Act 2023 [Read Notification]")
AO Fails to Verify Additional Evidence in violation of Rule 46A of Income Tax Rules: ITAT directs Readjudication [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) directed readjudication on grounds of non verification of additional evidence by the assessing Officer (AO). The assessee filed its...
![AO Fails to Verify Additional Evidence in violation of Rule 46A of Income Tax Rules: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Fails-to-Verify-Additional-Evidence-Income-Tax-Rules-Additional-Evidence-ITAT-directs-Readjudication-taxscan.jpg "AO Fails to Verify Additional Evidence in violation of Rule 46A of Income Tax Rules: ITAT directs Readjudication [Read Order]")