Income Tax on Gold Holding: All You Need to Know
The instruction that prescribes the quantity of gold that, the Central Board of Direct Taxes (CBDT) has issued on 11th May 1994 clarified that,...
![Cash found in Locker belongs to Mother of Assessee: ITAT deletes Income Tax Addition on Unexplained Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-found-Assessee-ITAT-Income-Tax-Unexplained-Cash-TAXSCAN.jpeg "Cash found in Locker belongs to Mother of Assessee: ITAT deletes Income Tax Addition on Unexplained Cash [Read Order]")
![Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-Deposited-Demonetization-period-Threshold-Limit-ITAT-Income-Tax-Addition-TAXSCAN.jpeg "Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]")
![Foreign Tax Credit Allowable If Form 67 filed Before Income Tax Due Date: ITAT grants Relief to Actress Sonakshi Sinha [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Foreign-Tax-Credit-Income-Tax-Due-Date-ITAT-Actress-Sonakshi-Sinha-taxscan.jpg "Foreign Tax Credit Allowable If Form 67 filed Before Income Tax Due Date: ITAT grants Relief to Actress Sonakshi Sinha [Read Order]")
![Unregistered Trusts can Claim Income Tax Exemption of Corpus Donations: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Unregistered-Claim-Income-Tax-Exemption-Donations-ITAT-TAXSCAN.jpeg "Unregistered Trusts can Claim Income Tax Exemption of Corpus Donations: ITAT [Read Order]")
Expenditure towards Issue of ESOP at Discounted Rate Allowable as Income Tax Deduction: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has allowed income tax deduction in respect of the expenditure towards the issue of ESOP to the employees at discount rates. The...
![Expenditure towards Issue of ESOP at Discounted Rate Allowable as Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ESOP-Income-Tax-Deduction-ITAT-taxscan.jpg "Expenditure towards Issue of ESOP at Discounted Rate Allowable as Income Tax Deduction: ITAT [Read Order]")
GTD Expenses are allowable as Income Tax Deduction: ITAT upholds deletion of Disallowance [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that GTD expenses are allowable as Income Tax deduction and upheld the deletion of disallowance BY Commissioner of Income Tax (A)....
![GTD Expenses are allowable as Income Tax Deduction: ITAT upholds deletion of Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/GTD-Expenses-Income-Tax-Deduction-ITAT-taxscan.jpg "GTD Expenses are allowable as Income Tax Deduction: ITAT upholds deletion of Disallowance [Read Order]")
Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]
Assessing Officer allowed the Income Tax deduction in the form of amortization of premium with due verification, and the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the...
![Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessing-Officer-Income-Tax-Deduction-Amortization-Premium-ITAT-Revisional-Order-taxscan.jpeg "Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]")
Demise of Tax Auditor is reasonable cause in failure to upload Tax Audit Report on the Portal of Income Tax: ITAT [Read Order]
Demise of tax auditor is reasonable cause in failure to upload tax audit report on the portal of Income Tax, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held as above. Abha...
![Demise of Tax Auditor is reasonable cause in failure to upload Tax Audit Report on the Portal of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Tax-Auditor-Tax-Audit-Report-Income-Tax-ITAT-taxscan.jpeg "Demise of Tax Auditor is reasonable cause in failure to upload Tax Audit Report on the Portal of Income Tax: ITAT [Read Order]")
Delhi HC directs Income Tax Dept to pay Refund of Rs. 34 Crore along with Interest to KRBL within 6 Weeks [Read Order]
In a major relief to KRBL Limited, the Delhi High Court has directed the income tax department to pay an amount of Rs. 34 crores to KRBL Limited within six weeks along with Interest The...
![Delhi HC directs Income Tax Dept to pay Refund of Rs. 34 Crore along with Interest to KRBL within 6 Weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Delhi-HC-Income-Tax-Dept-pay-Refund-Interest-KRBL-TAXSCAN.jpg "Delhi HC directs Income Tax Dept to pay Refund of Rs. 34 Crore along with Interest to KRBL within 6 Weeks [Read Order]")
![Satisfaction of AO u/s 69C should be Subjective: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Income-Tax-Addition-taxscan.jpeg "Satisfaction of AO u/s 69C should be Subjective: ITAT deletes Income Tax Addition [Read Order]")
![Relief to BMC Software: ITAT deletes Income Tax Addition on Lease Line Charges [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/BMC-Software-ITAT-Income-Tax-Addition-Lease-Line-Charges-TAXSCAN.jpg "Relief to BMC Software: ITAT deletes Income Tax Addition on Lease Line Charges [Read Order]")