![Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Agricultural-Land.jpg "Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not allowable as Deduction: ITAT [Read Order]")
Expenditure on Interest-bearing Loans acquired for making Investment in Agricultural Land not allowable as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin bench has held that the deduction cannot be allowed in respect of interest-bearing funds utilized by...
![Mere Confirmation Letter from Partners not sufficient to prove Genuineness of Cash Credits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Cash-Credits-Taxscan.jpg "Mere Confirmation Letter from Partners not sufficient to prove Genuineness of Cash Credits: ITAT [Read Order]")
![Sale of a running Hotel is ` Slump Sale ’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Hotel-Taxscan.jpg "Sale of a running Hotel is ` Slump Sale ’: ITAT [Read Order]")
![Compensation Received for Discontinuing Commodity Trading Business is Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Compensation-Geojit-ITAT-Taxscan.jpg "Compensation Received for Discontinuing Commodity Trading Business is Taxable: ITAT [Read Order]")
![Income of Beneficiaries not Taxable in the hands of Trust : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/ITAT-Trust-Taxscan.jpg "Income of Beneficiaries not Taxable in the hands of Trust : ITAT [Read Order]")
Sec 80P Deduction available to Bank for Investments with Sub-Treasuries during its Business / Providing Credit Facilities to its Members: ITAT [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) in the case of Income Tax Officer v. M/s. Perinthalmanna Service Co-operative Bank Ltd. holding in favor of the assessee adjudged that the...
![Sec 80P Deduction available to Bank for Investments with Sub-Treasuries during its Business / Providing Credit Facilities to its Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Income-Tax-Deduction-Taxscan-1.jpg "Sec 80P Deduction available to Bank for Investments with Sub-Treasuries during its Business / Providing Credit Facilities to its Members: ITAT [Read Order]")
ITAT confirms Assessment against District Judges as there is No Provision in IT Rules Exempting Medical, Conveyance and Sumptuary Allowances [Read Order]
The Cochin bench of Income Tax Appellate Tribunal ( ITAT ) confirmed the assessment order passed by the Commissioner of Income Tax by holding that there is no provision in Income Tax rules exempting...
![ITAT confirms Assessment against District Judges as there is No Provision in IT Rules Exempting Medical, Conveyance and Sumptuary Allowances [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Medical-Allowance-Taxscan.jpg "ITAT confirms Assessment against District Judges as there is No Provision in IT Rules Exempting Medical, Conveyance and Sumptuary Allowances [Read Order]")
![Section 54F Benefit can avail only in respect of a Single Residential House: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Section-54F-Taxscan.jpg "Section 54F Benefit can avail only in respect of a Single Residential House: ITAT [Read Order]")
![Diesel Expenses can’t be Deducted from House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Diesel-Expenses-ITAT-Taxscan.jpg "Diesel Expenses can’t be Deducted from House Property Income: ITAT [Read Order]")
S. 80HH Benefit allowable to Assessee who carries on processing in an Industrial Undertaking belonging to Another, but situated in a Backward Area: Kerala High Court [Read Judgment]
In Income Tax Officer v. Mr.Prakash, Kerala High Court recently held that Assessee who carries on processing in an industrial undertaking belonging to another is eligible for section 80HH benefit...
![S. 80HH Benefit allowable to Assessee who carries on processing in an Industrial Undertaking belonging to Another, but situated in a Backward Area: Kerala High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Kerala-High-Court-Tax-Scan.jpg "S. 80HH Benefit allowable to Assessee who carries on processing in an Industrial Undertaking belonging to Another, but situated in a Backward Area: Kerala High Court [Read Judgment]")
ITAT reiterates that Deemed Dividend is assessable from Partners, Not from Firm since they are the Beneficial Shareholders of the Lender Co. [Read Order]
The Cochin bench of ITAT in the case of M/s.Kerala Transport Co. Vs. The Asst.Commissioner of Income-tax recently ruled that deemed dividend is assessable from Partners, not from the Firm since they...
![ITAT reiterates that Deemed Dividend is assessable from Partners, Not from Firm since they are the Beneficial Shareholders of the Lender Co. [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/KTC-Group.jpg "ITAT reiterates that Deemed Dividend is assessable from Partners, Not from Firm since they are the Beneficial Shareholders of the Lender Co. [Read Order]")
A Primary Agricultural Credit Society is Entitled to 80P Deduction in respect of Interest received on Deposits with Sub-Treasuries: ITAT [Read Order]
In an assessee-favor ruling, the Cochin bench of ITAT said that the assessee, a primary agricultural credit society is entitled to the benefit of deduction under Section 80P (2) of the Income Tax Act,...
![A Primary Agricultural Credit Society is Entitled to 80P Deduction in respect of Interest received on Deposits with Sub-Treasuries: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Agricultural-Credit-Society-Taxscan.jpg "A Primary Agricultural Credit Society is Entitled to 80P Deduction in respect of Interest received on Deposits with Sub-Treasuries: ITAT [Read Order]")