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![Notional Income from Interest-Free Loans is not taxable in the absence of a specific provision in the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Notional-Income-Income-Interest-Free-Loans-Interest-Loans-taxable-Income-Tax-Act-Income-Tax-Tax-ITAT-Taxscan.jpg "Notional Income from Interest-Free Loans is not taxable in the absence of a specific provision in the Income Tax Act: ITAT [Read Order]")
Notional Income from Interest-Free Loans is not taxable in the absence of a specific provision in the Income Tax Act: ITAT [Read Order]
The Rajkot bench of the Income Tax Appellate Tribunal( ITAT ) has held that notional income from interest-free loans is not taxable in the absence of...
![CBDT issues SOP for Filing of Appeals & SLPs by Income Tax Department in Supreme Court [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/12/CBDT-issues-SOP-CBDT-SOP-Filing-of-Appeals-Appeals-SLPs-Income-Tax-Department-Income-Tax-Tax-Supreme-Court-taxscan.jpg "CBDT issues SOP for Filing of Appeals & SLPs by Income Tax Department in Supreme Court [Read Circular]")
![Gold Jewellery acquired by Tradition/Customs: ITAT allows Income Tax Concession [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Gold-Gold-Jewellery-Tradition-Customs-ITAT-Income-Tax-Concession-Income-Tax-Tax-Concession-Tax-Concession-taxscan.jpg "Gold Jewellery acquired by Tradition/Customs: ITAT allows Income Tax Concession [Read Order]")
![Continuation of Provisional Attachment in Income Tax Proceedings: Gujarat HC quashes unjust exercise of S.281(B) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Provisional-Attachment-Income-Tax-Gujarat-HC-taxscan.jpg "Continuation of Provisional Attachment in Income Tax Proceedings: Gujarat HC quashes unjust exercise of S.281(B) [Read Order]")
![Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Reassessment-Proceedings-Initiated-during-Pendency-of-Rectification-Application-is-Invalid-Supreme-Court-TAXSCAN.jpg "Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]")
Non -Residents not required to disclose their Assets situated outside India to the Income Tax Authorities: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai held that Non- Residents are not required to disclose their assets situated outside India to the Income Tax Authorities. The Assessee Manish Vijay...
![Non -Residents not required to disclose their Assets situated outside India to the Income Tax Authorities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Non-Residents-Assets-situated-outside-India-Income-Tax-Authorities-Taxscan.jpg "Non -Residents not required to disclose their Assets situated outside India to the Income Tax Authorities: ITAT [Read Order]")
![Income Tax Return Filed after Due Date under Section 80AC: ITAT denies Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Return-Filed-after-Due-Date-under-Section-80AC-ITAT-denies-Deduction-TAXSCAN.jpg "Income Tax Return Filed after Due Date under Section 80AC: ITAT denies Deduction [Read Order]")
Income Tax Exemption to Trust u/s 11 cannot be Denied Merely due to Delay in furnishing of Audit Report in Form 10B: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the exemption to Trusts under section 11 of the Income Tax Act, 1961 cannot be denied merely due to the delay in furnishing of the...
![Income Tax Exemption to Trust u/s 11 cannot be Denied Merely due to Delay in furnishing of Audit Report in Form 10B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Exemption-to-Trust-Denied-Merely-due-to-Delay-in-furnishing-of-Audit-Report-in-Form-10B-ITAT-TAXSCAN.jpg "Income Tax Exemption to Trust u/s 11 cannot be Denied Merely due to Delay in furnishing of Audit Report in Form 10B: ITAT [Read Order]")
![Bank liable to pay Income Tax on Interest on Sticky Loans/NPAs on Receipt Basis: Himachal Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Bank-Income-Tax-Tax-Interest-Sticky-Loans-Interest-on-Sticky-Loans-Interest-on-NPAs-Himachal-Pradesh-High-Court-taxscan.jpg "Bank liable to pay Income Tax on Interest on Sticky Loans/NPAs on Receipt Basis: Himachal Pradesh HC [Read Order]")