![Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Interest-Income-Tax-Deduction-ITAT-taxscan.jpeg "Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]")
Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the interest on income tax cannot be allowable as deduction under section...
![Profit from Bogus Purchase through Alleged Hawala Dealers are subject to Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Profit-Bogus-Purchase-Hawala-Dealers-Income-Tax-ITAT.jpg "Profit from Bogus Purchase through Alleged Hawala Dealers are subject to Income Tax: ITAT [Read Order]")
![No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-tax-compulsory-acquisition-of-land-ITAT-taxscan.jpg "No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]")
Income Tax Proceedings against Google India for TDS Default are Time Barred: ITAT quashes Orders [Read Order]
In a major relief to Google India, the Income Tax Appellate Tribunal (ITAT), Bangalore has quashed the orders and notices for TDS default as the same were barred by limitation. A bench comprising...
![Income Tax Proceedings against Google India for TDS Default are Time Barred: ITAT quashes Orders [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Income-Tax-Google-India-TDS-Default-Time-Barred-ITAT-taxscan.jpg "Income Tax Proceedings against Google India for TDS Default are Time Barred: ITAT quashes Orders [Read Order]")
No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Patna Bench has held that no Income tax on compensation is received for compulsory acquisition of land by the government. The assessee, Shri Suresh Prasad...
![No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-tax-compensation-acquisition-of-land-Govt-ITAT-taxscan.jpg "No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]")
![Calcutta HC directs Govt to file Explanation in Transfer of Income Tax File u/s 127(2) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Kolkata-HC-Income-Tax-taxscan.jpeg "Calcutta HC directs Govt to file Explanation in Transfer of Income Tax File u/s 127(2) [Read Order]")
![Income Tax Re-Assessment without communicating reason is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Re-Assessment-ITAT-taxscan.jpeg "Income Tax Re-Assessment without communicating reason is Invalid: ITAT [Read Order]")
Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai held that Income Tax on Rental Income on a Notional Basis is not Applicable If Assessee could not find a Tenant for a Relevant Assessment Year. ...
![Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Rental-Income-Tenant-ITAT-taxscan.jpeg "Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]")
Income Tax Update: Form No. 3CEF, 58C, 58D, 27C, 3BB, 3BC, 10BC and 28A Available for E-filing on Portal
The income tax department has informed the taxpayers that Forms 3CEF, 58C, 58D, 27C, 3BB, 3BC, 10BC and 28A are now available on the E-Filing portal as per DGIT(S) Notification No.3/2022. Last...
