![Dominant purpose of Investment holds No Consequence for Applicability of Section 14A read with rule 8D of rules: ITAT decides SBI’s case [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Investment-ITAT-SBI-Income-Tax-Tax-taxscan.jpg "Dominant purpose of Investment holds No Consequence for Applicability of Section 14A read with rule 8D of rules: ITAT decides SBI’s case [Read Order]")
Dominant purpose of Investment holds No Consequence for Applicability of Section 14A read with rule 8D of rules: ITAT decides SBI’s case [Read Order]
The Income Tax Appellate Tribunal ( ITAT ),Mumbai Bench, has recently , in the appeals filed before it, while ruling in favor of SBI,...
![Capital Gain Exemption cannot be Denied on Alterations to House as there is No Ceiling on Amount of Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Capital-Gain-Exemption-Investment-ITAT-TAXSCAN.jpg "Capital Gain Exemption cannot be Denied on Alterations to House as there is No Ceiling on Amount of Investment: ITAT [Read Order]")
![Shareholders failed to prove Source of their Investments: ITAT grants Opportunity to prove Genuineness and Creditworthiness of Shareholder [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Source-of-Investments-ITAT-Investments-Genuineness-of-Shareholders-Creditworthiness-of-Shareholder-taxscan.jpg "Shareholders failed to prove Source of their Investments: ITAT grants Opportunity to prove Genuineness and Creditworthiness of Shareholder [Read Order]")
![Use of Building by Assessee-Trust without consideration is not Unexplained Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Building-Trust-Unexplained-Investment-Investment-ITAT-Taxscan.jpg "Use of Building by Assessee-Trust without consideration is not Unexplained Investment: ITAT [Read Order]")
Taxability of Interest from Investment Earned by Co-Operative Society as 'Other Income': ITAT directs Re-Adjudication [Read Order]
In a recent ruling, the Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ), which is chaired by Judicial Member George George K. and Accountant Member Laxmi Prasad Sahu, instructed the...
![Taxability of Interest from Investment Earned by Co-Operative Society as Other Income: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Taxability-Interest-Interest-from-Investment-Other-Income-ITAT-Re-Adjudication-Taxscan.jpg "Taxability of Interest from Investment Earned by Co-Operative Society as Other Income: ITAT directs Re-Adjudication [Read Order]")
Interest expenses u/s 36(1)(iii) not allowable for Utilization of Funds for Investment in Shares of Subsidiary Company: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), held that Interest expenses under Section 36(1)(iii) of the Income Tax Act, 1961 not allowable for utilization of funds for investment...
![Interest expenses u/s 36(1)(iii) not allowable for Utilization of Funds for Investment in Shares of Subsidiary Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Interest-Funds-Investment-in-Shares-of-Subsidiary-Company-ITAT-TAXSCAN.jpg "Interest expenses u/s 36(1)(iii) not allowable for Utilization of Funds for Investment in Shares of Subsidiary Company: ITAT [Read Order]")
Sole reliance on Report of Investigation Wing: ITAT sets aside Income Tax Addition as Unexplained Investment [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi bench set aside addition as un-explained investment as there was sole reliance on report of Investigation Wing. The assessment of the assessee,...
![Sole reliance on Report of Investigation Wing: ITAT sets aside Income Tax Addition as Unexplained Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Investigation-Wing-ITAT-Income-Tax-addition-Investment-taxscan.jpg "Sole reliance on Report of Investigation Wing: ITAT sets aside Income Tax Addition as Unexplained Investment [Read Order]")
Receiver of Sum in Cash Liable u/s 269ST of Income Tax Act: ITAT Quashes Proceedings against Investor for Investment made in Cash [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, while quashing a revisional proceeding, has held that the provisions of section 269ST of the Income Tax Act, 1961 are applicable on the...
![Receiver of Sum in Cash Liable u/s 269ST of Income Tax Act: ITAT Quashes Proceedings against Investor for Investment made in Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Receiver-Income-Tax-Act-ITAT-Proceedings-Investor-Investment-made-Cash-TAXSCAN-1.jpg "Receiver of Sum in Cash Liable u/s 269ST of Income Tax Act: ITAT Quashes Proceedings against Investor for Investment made in Cash [Read Order]")
Service Tax leviable under ‘Investment or Management Service under ULIP’ on Policy Administration Charges, Front End Load and Switching Charges: CESTAT [Read Order]
In the case of M/s. Max Life Insurance Company India Ltd., the Delhi Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that Service tax was leviable under “Investment or...
![Service Tax leviable under ‘Investment or Management Service under ULIP’ on Policy Administration Charges, Front End Load and Switching Charges: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Service-Tax-leviable-Investment-Management-Service-ULIP-Administration-Charges-CESTAT-TAXSCAN.jpeg "Service Tax leviable under ‘Investment or Management Service under ULIP’ on Policy Administration Charges, Front End Load and Switching Charges: CESTAT [Read Order]")
Sale proceeds of Investment in Shares made as 'Investor' treated as 'Capital Gains’, not as 'Business Income': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that sale proceeds of investment in shares made as 'investor' are treated as 'capital gains’, not as 'business income'. The...
![Sale proceeds of Investment in Shares made as Investor treated as Capital Gains’, not as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Investment-Investor-capital-gains-business-income-ITAT-taxscan.jpeg "Sale proceeds of Investment in Shares made as Investor treated as Capital Gains’, not as Business Income: ITAT [Read Order]")