![Failure to prove the Interest bearing Funds being used for Investments giving rise to exempt Income: ITAT directs Re-computation of Disallowance under Rule 8D(2)(iii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Failure-prove-interest-bearing-funds-investments-rise-exempt-income-ITAT-directs-re-computation-disallowance-taxscan.jpg "Failure to prove the Interest bearing Funds being used for Investments giving rise to exempt Income: ITAT directs Re-computation of Disallowance under Rule 8D(2)(iii) [Read Order]")
Failure to prove the Interest bearing Funds being used for Investments giving rise to exempt Income: ITAT directs Re-computation of Disallowance under Rule 8D(2)(iii) [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal held that AO will re-compute the disallowance only on the investments giving rise to exempt...
![CBDT clarifies taxability of Income earned by Non-Resident Investor from off-shore Investments routed through Alternative Investment Fund [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/07/CBDT-CBDT-clarifies-taxability-of-Income-Income-investments-taxscan.jpg "CBDT clarifies taxability of Income earned by Non-Resident Investor from off-shore Investments routed through Alternative Investment Fund [Read Circular]")
![Undisclosed Investments in Unaccounted Stock should be Taxed Separately: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Undisclosed-Investments-Unaccounted-Stock-Investments-Taxed-Separately-ITAT-Taxscan.jpg "Undisclosed Investments in Unaccounted Stock should be Taxed Separately: ITAT [Read Order]")
Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]
The Calcutta High Court quashed proceedings against Century Enka Limited on the ground that borrowed funds were not utilized for making investments. The appeal was filed by the revenue under...
![Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Borrowed-Funds-Investments-Calcutta-High-Court-Century-Enka-Taxscan.jpg "Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]")
Donations and Investments made for Charity and Educational Purposes are Deductible: ITAT deletes Additions [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) held that, the donations and investments made for charity by the assessee-trust for charitable purposes and educational purposes in...
![Donations and Investments made for Charity and Educational Purposes are Deductible: ITAT deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Donations-Investments-Charity-ITAT-taxscan.jpg "Donations and Investments made for Charity and Educational Purposes are Deductible: ITAT deletes Additions [Read Order]")
![Investments Converted into Stock-in-Trade can avail exemption u/s 10(38): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Investments-Stock-in-Trade-exemption-ITAT-taxscan-1.jpg "Investments Converted into Stock-in-Trade can avail exemption u/s 10(38): ITAT [Read Order]")
CDPQ Fixed Income XI Inc. now eligible for Exemption of Income from Dividends, Interest, and LTCG earned from Investments made in Indian Infrastructure: CBDT
The Central Board of Direct Taxes (CBDT) notified a Pension Fund namely CDPQ Fixed Income XI Inc. as eligible for exemption of Income from dividends, interest, and Long Term Capital Gain earned from...
ITAT directs Assessing Officer to include only Investments yielding Dividend Income for Computing disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench directed the AO to include only investments yielding dividend income for computing disallowance. The assessee company, M/s Religare Securities...
![ITAT directs Assessing Officer to include only Investments yielding Dividend Income for Computing disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-investments-dividend-income-computing-disallowance-Taxscan.jpg "ITAT directs Assessing Officer to include only Investments yielding Dividend Income for Computing disallowance [Read Order]")