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Deemed Income u/s 11(3) can't be a Claim of Exemption: ITAT Dismisses Appeal [Read Order]

Sunayana Dhal

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that Deemed Income under Section 11(3) of the Income Tax Act, 1961 can’t be...

Deduction for Revenue from Onsite Services cannot be denied on ground of not connected to ...

Credits to Capital Account shown as Gift from assessee's Aunt are not Unexplained Credits :ITAT...

Bombay High Court Quashes Income Tax Recovery against Directors upon Proving Lack of Control on...

ITAT Upholds Deletion of Addition made on Account of Unsecured Loan due to Failure to Produce...

Receipts from Centralised Service Income by Radisson Hotels International are not Taxable as FTS/FIS under Article 12(4)(a) of India-USA DTAA: ITAT [Read Order]

The Delhi Bench of Income Tax Act has held that the receipts from centralised service income by Radisson Hotels international would not be taxable as fees for technical services (FTS) or fees for...

“Income Tax Portal is Working Fine”: Dept Responds to Queries relating to Technical Glitches and Errors

Flooded with the inquiries from taxpayers and professionals facing difficulties with income tax filing, the income tax department has responded via twitter that the income tax portal is working fine...

Lease Rental Income received from letting out of School Building with Amenities shall be Treated as “Income from House Property”: ITAT [Read Order]

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that lease rental income received from letting out of school buildings with amenities should be treated as Income from House...

ITAT quashes Assessment Framed in name of Artificial Juridical Person Instead of Local Authority [Read Order]

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently quashed assessment framed in the name of an artificial juridical person instead of local authority. The assessee, Ganna Vikas...

Avoid Sharing PAN and Personal Details on Social Media to Avoid Misuse: Income Tax Dept

In a recent tweet, the income tax department advised the taxpayers not to share personal information such as PAN details on social media to avoid its misuse. The income tax department was...

Revised Return filed within Time Limit u/s 139(5) of Income Tax Act is Valid Return: ITAT Deletes Disallowance of Unamortized Brokerage Expense [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance of unamortized brokerage expense as the revised return filed within the time limit prescribed under Section...

Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]

The Kolkata bench of Income Tax Appellate Tribunal (ITAT) allowed exemption under section 11 of Income Tax Act 1961 on delayed filing of return of income and Form 10B due to the outbreak of Pandemic...

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