![Investment made from Interest Free Own Funds: ITAT deletes Disallowance of Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Investment-Interest-Free-Funds-ITAT-Disallowance-Interest-taxscan.jpg "Investment made from Interest Free Own Funds: ITAT deletes Disallowance of Interest [Read Order]")
Investment made from Interest Free Own Funds: ITAT deletes Disallowance of Interest [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench while deleting disallowance of interest held that investment made by the assessee company from...
![CBDT amends meaning of Investment Fund for Exemption of Class of persons from Filing of Mandatory and Voluntary Returns [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/07/CBDT-Investment-Fund-Voluntary-Returns-CBDT-amends-meaning-of-Investment-Fund-Filing-of-Mandatory-and-Voluntary-Returns-Investment-taxscan.jpg "CBDT amends meaning of Investment Fund for Exemption of Class of persons from Filing of Mandatory and Voluntary Returns [Read Notification]")
![ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-upholds-disallowance-made-on-Interest-Expenses-incurred-for-taking-Loans-ITAT-upholds-disallowance-ITAT-Interest-Expenses-incurred-for-taking-Loans-Taxscan.jpg "ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]")
![Disallowance made u/r 8D(iii) of Income Tax Rules without giving Weightage to Credit Balance of Investment : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-Income-Tax-Income-Tax-Rules-Credit-Balance-Investment-weightage-ITAT-re-adjudication-income-tax-taxscan.jpg "Disallowance made u/r 8D(iii) of Income Tax Rules without giving Weightage to Credit Balance of Investment : ITAT Directs Re-adjudication [Read Order]")
![Addition made u/s 69 of Income Tax Act on ground of Unexplained Investment on Bank Account: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Income-Tax-Act-Addition-Unexplained-Investment-Bank-Account-delete-Addition-ITAT-Investment-Bank-Account-Income-Tax-taxscan.jpg "Addition made u/s 69 of Income Tax Act on ground of Unexplained Investment on Bank Account: ITAT Deletes Addition [Read Order]")
Co-operative Society’s Investment in Co-operative Society's Fixed Deposit Accounts Eligible for Deduction u/s 80P (2) (d) of IT Act: ITAT [Read Order]
The Amritsar Bench of the Income Tax Appellate Tribunal (ITAT) recently held that the investment of a co-operative society in another co-operative society’ s fixed deposit accounts are eligible...
![Co-operative Society’s Investment in Co-operative Societys Fixed Deposit Accounts Eligible for Deduction u/s 80P (2) (d) of IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Co-operative-Society-Fixed-Deposit-Accounts-Eligible-for-Deduction-ITAT-TAXSCAN.jpg "Co-operative Society’s Investment in Co-operative Societys Fixed Deposit Accounts Eligible for Deduction u/s 80P (2) (d) of IT Act: ITAT [Read Order]")
ITAT deletes Addition made by disallowance of Interest Expenses accrued from Investment made in Shares and Securities [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently deleted an addition made on account of disallowance of interest expenses accrued on account of investment made in...
![ITAT deletes Addition made by disallowance of Interest Expenses accrued from Investment made in Shares and Securities [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-Addition-made-by-disallowance-of-Interest-Expenses-accrued-from-Investment-made-in-Shares-and-Securities-TAXSCAN.jpg "ITAT deletes Addition made by disallowance of Interest Expenses accrued from Investment made in Shares and Securities [Read Order]")
Reimbursement of GST delayed due to Negligence of Tax Officer: Jammu & Kashmir and Ladakh HC directs to Pay 9% Interest [Read Order]
The High Court of Jammu & Kashmir and Ladakh directed to allow 9% interest on the delayed amount of Reimbursement of Goods and Service Tax (GST) due to negligence of the tax officer. Greenland...
![Reimbursement of GST delayed due to Negligence of Tax Officer: Jammu & Kashmir and Ladakh HC directs to Pay 9% Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reimbursement-of-GST-delayed-due-to-Negligence-of-Tax-Officer-Reimbursement-of-GST-GST-Jammu-Kashmir-and-Ladakh-High-Court-Interest-Taxscan.jpg "Reimbursement of GST delayed due to Negligence of Tax Officer: Jammu & Kashmir and Ladakh HC directs to Pay 9% Interest [Read Order]")
Property Not Used for Business Purpose cannot be Treated as Business Assets: ITAT disallows Expenses [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has disallowed the expenses holding that property which was not used for business purposes could not be treated as business assets. ...
![Property Not Used for Business Purpose cannot be Treated as Business Assets: ITAT disallows Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Property-Not-Used-for-Business-Purpose-cannot-be-Treated-as-Business-Assets-ITAT-disallows-Expenses-Property-Not-Used-for-Business-Purpose-Business-Assets-ITAT-Taxscan.jpg "Property Not Used for Business Purpose cannot be Treated as Business Assets: ITAT disallows Expenses [Read Order]")
Provision of S.56(2)(viia) of IT Act shall apply to Underlying Investments Received by Amalgamated Entity on Account of Merger: ITAT
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has recently held that the provision of Section 56(2)(viia) of the Income Tax Act, 1961 shall apply to underlying investments received by...
Income offered towards Excess Stock not Unexplained Investment u/s 69B, No Income Tax levy u/s 115BBE : ITAT [Read Order]
The Chennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that income offered towards excess stock could not be treated as unexplained investment under Section 69B of the Income Tax...
![Income offered towards Excess Stock not Unexplained Investment u/s 69B, No Income Tax levy u/s 115BBE : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Excess-Stock-Unexplained-Investment-us-69B-Income-Tax-levy-us-115BBE-ITAT-TAXSCAN1.jpg "Income offered towards Excess Stock not Unexplained Investment u/s 69B, No Income Tax levy u/s 115BBE : ITAT [Read Order]")
