![No Disallowance u/s 37 of Income Tax Act can be made on Expenditure of Advertisement and Sales Promotion in Absence of Evidence that Benefit Third Party: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Disallowance-Income-Tax-Act-Expenditure-Advertisement-and-Sales-Promotion-Absence-of-Evidence-that-Benefit-Third-Party-ITAT.jpg "No Disallowance u/s 37 of Income Tax Act can be made on Expenditure of Advertisement and Sales Promotion in Absence of Evidence that Benefit Third Party: ITAT [Read Order]")
No Disallowance u/s 37 of Income Tax Act can be made on Expenditure of Advertisement and Sales Promotion in Absence of Evidence that Benefit Third Party: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that in absence of any evidence placed by the Assesing Officer(AO) that the expenditure...
![ESOP is Revenue Expenditure: ITAT Deletes Disallowance Against Cleartrip [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ESOP-is-Revenue-Expenditure-ITAT-Deletes-Disallowance-Against-Cleartrip-TAXSCAN.jpg "ESOP is Revenue Expenditure: ITAT Deletes Disallowance Against Cleartrip [Read Order]")
![Disallowance made by AO u/s 40(a)(ia) for non-deduction of TDS and recovery of rent from assessee by holding company are not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-AO-non-deduction-of-TDS-and-recovery-of-rent-from-assessee-by-holding-company-sustainable-ITAT-TAXSCAN.jpg "Disallowance made by AO u/s 40(a)(ia) for non-deduction of TDS and recovery of rent from assessee by holding company are not sustainable: ITAT [Read Order]")
![Income earned from providing IT services to Indian customers is taxable in India due to use of service in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-earned-from-providing-IT-services-to-Indian-customers-is-taxable-India-due-service-in-India-ITAT-TAXSCAN.jpg "Income earned from providing IT services to Indian customers is taxable in India due to use of service in India: ITAT [Read Order]")
ITAT directs Readjudication in respect of deletion of Addition by CIT(A) made towards High Sea sales without giving proper Reasons [Read Order]
The Income Tax Appellate Tribunal (ITAT ) Mumbai bench directed readjudication in respect of deletion of addition made towards the High Sea sales by the CIT(A) without giving proper reason. ...
![ITAT directs Readjudication in respect of deletion of Addition by CIT(A) made towards High Sea sales without giving proper Reasons [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-Readjudication-deletion-of-Addition-by-CITA-High-Sea-sales-ITAT-taxscan.jpg "ITAT directs Readjudication in respect of deletion of Addition by CIT(A) made towards High Sea sales without giving proper Reasons [Read Order]")
Investments that had yielded exempt Income shall be considered for purpose of working out Disallowance under rule 8D(2): ITAT grants Relief to Aditya Birla [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while granting relief to Aditya Birla Nuvo group, held that the investment that had yielded the exempt income shall be considered for the...
![Investments that had yielded exempt Income shall be considered for purpose of working out Disallowance under rule 8D(2): ITAT grants Relief to Aditya Birla [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Investments-yielded-exempt-Income-considered-for-purpose-of-working-out-Disallowance-ITAT-Aditya-Birla-TAXSCAN.jpg "Investments that had yielded exempt Income shall be considered for purpose of working out Disallowance under rule 8D(2): ITAT grants Relief to Aditya Birla [Read Order]")
Deduction on Income for Providing Credit Facilities by Co-Operative Society on Demonstration of Maintaining Funds as per Karnataka Souharda Sahakari Act, 1997: ITAT Orders Re-adjudication
The Bangalore Bench of Income Tax Appellate Tribual (ITAT) held that deduction on income for providing credit facilities by co-operative society to be allowed on demonstration of mandatory...
Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside the reopening done after 4 years as the escapement of income was not reflected and material facts were truly and fully...
![Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Escapement-Of-Income-not-Reflected-and-Material-Facts-truly-and-Fully-discussed-time-of-Original-Assessment-ITAT-Reopening-TAXSCAN.jpg "Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]")
Allegation of Price Manipulation on Purchase and Sale of Shares on Stock Exchange through SEBI: ITAT deletes Addition u/s 68 and Disallowance of Exemption of LCG [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 68 of the Income Tax Act 1961, and disallowance of Long-term Capital Gains (LCG) the allegation of...
![Allegation of Price Manipulation on Purchase and Sale of Shares on Stock Exchange through SEBI: ITAT deletes Addition u/s 68 and Disallowance of Exemption of LCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Allegation-of-Price-Manipulation-on-Purchase-and-Sale-of-Shares-on-Stock-Exchange-through-SEBI-ITAT-Disallowance-of-Exemption-of-LCG-TAXSCAN.jpg "Allegation of Price Manipulation on Purchase and Sale of Shares on Stock Exchange through SEBI: ITAT deletes Addition u/s 68 and Disallowance of Exemption of LCG [Read Order]")
ITAT directs AO to allow Indexation on cost of acquisition and improvement while Computing Long term capital gain for Computation done separately makes assessee Pay additional Tax [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) helx that even if capital gain computed on the land and on the buiing separately as a long term capital asset and as a short term capital...
![ITAT directs AO to allow Indexation on cost of acquisition and improvement while Computing Long term capital gain for Computation done separately makes assessee Pay additional Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-AO-to-indexation-on-cost-of-acquisition-and-improvement-while-computing-long-term-capital-gain-for-computation-separately-pay-additional-tax-TAXSCAN.jpg "ITAT directs AO to allow Indexation on cost of acquisition and improvement while Computing Long term capital gain for Computation done separately makes assessee Pay additional Tax [Read Order]")
Failure to follow proper procedure to serving notice for assessment proceedings: ITAT deletes Penalty imposed u/s 271(1)(b) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench has deleted the penalty imposed under Section 271(1)(b) of the Income Tax Act, 1961 due to failure to follow proper procedure to serve notice for...
![Failure to follow proper procedure to serving notice for assessment proceedings: ITAT deletes Penalty imposed u/s 271(1)(b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Failure-to-follow-proper-procedure-to-serving-notice-assessment-proceedings-ITAT-deletes-penalty-Income-Tax-Act-TAXSCAN.jpg "Failure to follow proper procedure to serving notice for assessment proceedings: ITAT deletes Penalty imposed u/s 271(1)(b) of Income Tax Act [Read Order]")