![Activity of Obtaining Loan from Banks to Advance Self-help Groups and Poor is a Charitable Activity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Charitable-Activity-Taxscan.jpg "Activity of Obtaining Loan from Banks to Advance Self-help Groups and Poor is a Charitable Activity: ITAT [Read Order]")
Activity of Obtaining Loan from Banks to Advance Self-help Groups and Poor is a Charitable Activity: ITAT [Read Order]
The Cuttack bench of the Income Tax Appellate Tribunal (ITAT) has held that the activity of obtaining loan from banks to advance self-help groups and...
![Firm cannot be Assessed for Unexplained Cash Credit in respect of Capital introduced by Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Unexplained-Cash-Credit.jpg "Firm cannot be Assessed for Unexplained Cash Credit in respect of Capital introduced by Partner: ITAT [Read Order]")
![No Disallowance of Expenditure merely on the basis of Surmises and Conjectures of AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "No Disallowance of Expenditure merely on the basis of Surmises and Conjectures of AO: ITAT [Read Order]")
![Late Fee can’t be levied while processing TDS Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/TDS-Statement.jpg "Late Fee can’t be levied while processing TDS Statement: ITAT [Read Order]")
![No Penalty on Refund of Advance from Customers in Cash under a Bonafide Belief: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Cash-Deposits-Taxscan.jpg "No Penalty on Refund of Advance from Customers in Cash under a Bonafide Belief: ITAT [Read Order]")
Income Received by Charitable Institution from Training and Consultancy Fee from Corporates not a Commercial Activity: ITAT [Read Order]
The Cuttack bench of the Income Tax Appellate Tribunal (ITAT) has held that the income received by a charitable institution imparting education shall not be charged for receiving training and...
![Income Received by Charitable Institution from Training and Consultancy Fee from Corporates not a Commercial Activity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Consultancy-Fee-Taxscan.jpg "Income Received by Charitable Institution from Training and Consultancy Fee from Corporates not a Commercial Activity: ITAT [Read Order]")
![Non-Filing of Form 26A before DGIT (Systems) won’t attract Addition u/s 40(a)(ia): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Non-Filing of Form 26A before DGIT (Systems) won’t attract Addition u/s 40(a)(ia): ITAT [Read Order]")
S.54 Exemption not available if Payments are made on or before IT Returns Due Date: ITAT [Read Order]
In ITO vs. Leelavati Paattamahadei, the Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) held that exemption under Section 54EC of the Income Tax Act, 1961 will be available to the assessee...
![S.54 Exemption not available if Payments are made on or before IT Returns Due Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Tax-Exemptions-Tax-Scan.jpg "S.54 Exemption not available if Payments are made on or before IT Returns Due Date: ITAT [Read Order]")
![S. 40A (3) of Income Tax Act shall not be a hindrance in Business Operations: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/ITAT-Taxscan.jpg "S. 40A (3) of Income Tax Act shall not be a hindrance in Business Operations: ITAT [Read Order]")
Penalty u/s 271B can’t be initiated for non-furnishing of Tax Audit Report within Due Date: ITAT [Read Order]
In Mr. Prem Prakash Senapati vs. ITO, the Cuttack bench of Income Tax Appellate Tribunal (ITAT) held that penalty under Section 271B of the Income Tax Act, 1961 cannot be initiated for failure of the...
![Penalty u/s 271B can’t be initiated for non-furnishing of Tax Audit Report within Due Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Audit-Taxscan.jpg "Penalty u/s 271B can’t be initiated for non-furnishing of Tax Audit Report within Due Date: ITAT [Read Order]")
Re-Assessment merely on the basis of Tax Audit Filed before the Assessing Officer during Scrutiny Proceedings is Invalid: ITAT [Read Order]
The Cuttack bench of Income Tax Appellate Tribunal in the case of Mahanadi Coalfields Ltd versus ACITÂ has quashed the reassessment and held that re-assessment merely on the basis of tax audit filed...
![Re-Assessment merely on the basis of Tax Audit Filed before the Assessing Officer during Scrutiny Proceedings is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Tax-Audit-Taxscan.jpg "Re-Assessment merely on the basis of Tax Audit Filed before the Assessing Officer during Scrutiny Proceedings is Invalid: ITAT [Read Order]")
![Leasehold Rights being Intangible Assets are not eligible for Depreciation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Leasehold Rights being Intangible Assets are not eligible for Depreciation: ITAT [Read Order]")