![Deduction u/s 80P(2)(d) available to Income of Co-operative Society: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Deduction-us-80P2d-available-to-Income-of-Co-operative-Society-ITAT-TAXSCAN.jpg "Deduction u/s 80P(2)(d) available to Income of Co-operative Society: ITAT [Read Order]")
Deduction u/s 80P(2)(d) available to Income of Co-operative Society: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, held that deduction under Section 80P(2)(d) of...
![ITAT deletes Addition of Government Grants Which cant Be Treated as Corpus or Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-ITAT-deletes-Addition-Addition-Government-Grants-Treated-as-Corpus-or-Income-Corpus-Income-taxscan.jpg "ITAT deletes Addition of Government Grants Which cant Be Treated as Corpus or Income [Read Order]")
![ITAT deletes Addition u/s 69 on Amount Validly Explained as Professional Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Addition-Amount-Validly-Explained-as-Professional-Income-Addition-taxscan.jpg "ITAT deletes Addition u/s 69 on Amount Validly Explained as Professional Income [Read Order]")
![ITAT deletes Addition and Penalty u/s 271(c) on Estimated Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Addition-and-Penalty-us-271c-on-Estimated-Income-TAXSCAN.jpg "ITAT deletes Addition and Penalty u/s 271(c) on Estimated Income [Read Order]")
![No Addition on Unaccounted Income on Inclusion of Sale of Jewellery as LTCG in ROI: ITAT quashes Assessment Order and Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Addition-on-Unaccounted-Income-No-Addition-Unaccounted-Income-Income-Inclusion-of-Sale-of-Jewellery-LTCG-ROI-ITAT-quashes-Assessment-Order-and-Penalty-taxscan.jpg "No Addition on Unaccounted Income on Inclusion of Sale of Jewellery as LTCG in ROI: ITAT quashes Assessment Order and Penalty [Read Order]")
Adjustment of Stipend as Exempted Income u/s 143(1) Without Stating Reason is not Valid: ITAT Deletes Addition [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that adjustment of stipend as exempted income under section 143(1) of the Income Tax Act, 1961 without stating the reason is not...
![Adjustment of Stipend as Exempted Income u/s 143(1) Without Stating Reason is not Valid: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Adjustment-of-Stipend-as-Exempted-Income-us-1431-Stating-Reason-ITAT-Addition-TAXSCAN.jpg "Adjustment of Stipend as Exempted Income u/s 143(1) Without Stating Reason is not Valid: ITAT Deletes Addition [Read Order]")
![CBDT notifies Income Tax Exemption u/s 10(46) for Specified Income of FSSAI [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-notifies-Income-Tax-Exemption-us-1046-Specified-Income-FSSAI-TAXSCAN.jpg "CBDT notifies Income Tax Exemption u/s 10(46) for Specified Income of FSSAI [Read Notification]")
Income Tax Deduction u/s 80IA of the Act available to Income from Independent Power Generation Undertaking Units for Generating Power: ITAT
The Chennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that income tax deduction under Section 80IA of the Income Tax Act should be available to income from independent power...
Reopening of Assessment on Change of Opinion: ITAT quashes Penalty against Assessee who correctly Declared Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, on the reopening of an assessment based on change of opinion, quashed the penalty against the...
![Reopening of Assessment on Change of Opinion: ITAT quashes Penalty against Assessee who correctly Declared Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Reopening-of-Assessment-Change-of-Opinion-ITAT-Penalty-Assessee-Declared-Income-TAXSCAN.jpg "Reopening of Assessment on Change of Opinion: ITAT quashes Penalty against Assessee who correctly Declared Income [Read Order]")
![Co-owner Showing Different Capital Gains Amount not a Ground to Reopen Assessment: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Co-owner-Showing-Different-Capital-Gains-Amount-Reopen-Assessment-Gujarat-HC-TAXSCAN.jpg "Co-owner Showing Different Capital Gains Amount not a Ground to Reopen Assessment: Gujarat HC [Read Order]")