![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]")
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]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench remitted the file of the assessee back to CIT(E) for de novo consideration due to the failure...
![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]](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]")
CBDT amends Form 10A, 10AB, 10AC,10AD, 10B and 10BB governing Trusts and Charitable institutions w.e.f. October 1st, 2023 [Read Notification]
The Central Board of Direct Taxes (CBDT) has amended the Income Tax Rules,1962 through vide notification no. G.S.R. 457(E) issued on 23rd June 2023. The board has changed the rules of the trusts and...
![CBDT amends Form 10A, 10AB, 10AC,10AD, 10B and 10BB governing Trusts and Charitable institutions w.e.f. October 1st, 2023 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/06/CBDT-amends-Form-governing-Trusts-Charitable-institutions-TAXSCAN.jpg "CBDT amends Form 10A, 10AB, 10AC,10AD, 10B and 10BB governing Trusts and Charitable institutions w.e.f. October 1st, 2023 [Read Notification]")
![CBDT Amends Income Tax Rules and Introduces Form 10-IEA [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/06/CBDT-Amends-Income-Tax-Rules-Introduces-Form-10-IEA-TAXSCAN.jpg "CBDT Amends Income Tax Rules and Introduces Form 10-IEA [Read Notification]")
![CBDT Amends Income Tax Rules and Introduces New Forms for Advance Ruling [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/06/CBDT-Amends-Income-Tax-Rules-Income-Tax-Rules-Introduces-New-Forms-for-Advance-Ruling-Advance-Ruling-taxscan.jpg "CBDT Amends Income Tax Rules and Introduces New Forms for Advance Ruling [Read Notification]")
Disallowance made u/r 8D(iii) of Income Tax Rules without giving Weightage to Credit Balance of Investment : ITAT Directs Re-adjudication [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT) directed re-adjudication for the disallowance made under rule 8D(iii) of the Income Tax Rules, 1962 without giving Weightage to the credit...
![Disallowance made u/r 8D(iii) of Income Tax Rules without giving Weightage to Credit Balance of Investment : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-Income-Tax-Income-Tax-Rules-Credit-Balance-Investment-weightage-ITAT-re-adjudication-income-tax-taxscan.jpg "Disallowance made u/r 8D(iii) of Income Tax Rules without giving Weightage to Credit Balance of Investment : ITAT Directs Re-adjudication [Read Order]")