![Computation of Income resulting in Higher Income is only Difference of Opinion: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Higher-Incom-ITAT-Penalty-TAXSCAN.jpg "Computation of Income resulting in Higher Income is only Difference of Opinion: ITAT deletes Penalty [Read Order]")
Computation of Income resulting in Higher Income is only Difference of Opinion: ITAT deletes Penalty [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has recently while deleting the penalty imposed by the assessing officer held that...
![Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Co-Operative-Bank-Deduction-Income-Interest-Staff-Welfare-Fund-Staff-Loans-ITAT-Income-Tax-Taxscan.jpg "Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]")
![TDS Available in Income Reported Year should not be Deferred to some other Assessment Year u/s 199(3) r.w. Rule 37BA (3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/TDS-Income-Assessment-Year-ITAT-Taxscan.jpg "TDS Available in Income Reported Year should not be Deferred to some other Assessment Year u/s 199(3) r.w. Rule 37BA (3): ITAT [Read Order]")
Income from Foreign Assignment Not Taxable Merely because Assessee Owns a House in India: ITAT Allows DTAA Benefit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, while allowing DTAA benefit, held that income from foreign assignment is not taxable, merely because...
![Income from Foreign Assignment Not Taxable Merely because Assessee Owns a House in India: ITAT Allows DTAA Benefit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Foreign-Assignment-Taxable-House-India-ITAT-DTAA-TAXSCAN.jpg "Income from Foreign Assignment Not Taxable Merely because Assessee Owns a House in India: ITAT Allows DTAA Benefit [Read Order]")
TDS Credit cannot be Denied when Form 26AS along with Reconciliation of Income as per Books are Produced before AO: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Hyderabad Bench, has recently, in an appeal filed before it, held that TDS Credit cannot be Denied when Form 26AS along with Reconciliation of Income as...
![TDS Credit cannot be Denied when Form 26AS along with Reconciliation of Income as per Books are Produced before AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/TDS-Credit-TDS-Form-26AS-Income-ITAT-taxscan.jpg "TDS Credit cannot be Denied when Form 26AS along with Reconciliation of Income as per Books are Produced before AO: ITAT [Read Order]")
No Addition for Deposits in NRE Account when Assessee has No Source of Income in India: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that no addition could not be made for deposit in Non-Resident External (NRE) account when the assessee had no source of income in...
![No Addition for Deposits in NRE Account when Assessee has No Source of Income in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Addition-for-Deposits-in-NRE-Account-Source-of-Income-in-India-ITAT-TAXSCAN.jpg "No Addition for Deposits in NRE Account when Assessee has No Source of Income in India: ITAT [Read Order]")
Debits and Credits Can in no way Lead to Inference of Income Escaped Assessment: Bombay HC [Read Order]
In a recent decision the Bombay High Court observed that debits and credits can in no way lead to an inference of income escaped assessment. The petitioner, Digi1 Electronics Pvt Ltd, challenged...
![Debits and Credits Can in no way Lead to Inference of Income Escaped Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Debits-Credits-Income-Escaped-Assessment-Income-Bombay-High-Court-Taxscan.jpg "Debits and Credits Can in no way Lead to Inference of Income Escaped Assessment: Bombay HC [Read Order]")