![ITAT Directs Restoration of Income Tax Appeal to Review Payment of Admitted Tax Amount [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/itat-income-tax-Restoration-of-Income-Tax-Appeal-Taxscan.jpg "ITAT Directs Restoration of Income Tax Appeal to Review Payment of Admitted Tax Amount [Read Order]")
ITAT Directs Restoration of Income Tax Appeal to Review Payment of Admitted Tax Amount [Read Order]
In a recent case before Income Tax Appellate Tribunal, Bangalore ( ITAT ) the tribunal had directed Commissioner of Income-tax (Appeals), ( CITA ) to...
![ITAT remands matter to CIT(A) for Fresh Hearing, allowing Assessee another Opportunity to Explain Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Assessee-appeal-delay-Income-Tax-taxscan.jpg "ITAT remands matter to CIT(A) for Fresh Hearing, allowing Assessee another Opportunity to Explain Delay [Read Order]")
![ITAT quashes Disallowance u/s 36(1)(iii) of Income Tax Act on Interest-Free Advances given to Sister Concern of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Appellate-Tribunal-Interest-free-loan-tax-taxscan.jpg "ITAT quashes Disallowance u/s 36(1)(iii) of Income Tax Act on Interest-Free Advances given to Sister Concern of Assessee [Read Order]")
![Rs. 44.5 cr Addition made on Incorrect Reporting by Auditor: ITAT directs CIT(A) to condone delay of 484 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Incorrect-reporting-by-auditor-Auditor-misreporting-consequences-Tax-appeal-delay-condonation-taxscan.jpg "Rs. 44.5 cr Addition made on Incorrect Reporting by Auditor: ITAT directs CIT(A) to condone delay of 484 days [Read Order]")
![Taxpayer produced books of accounts, Vouchers, Payment required for TDS Deduction: ITAT deletes Penalty u/s 270 A (9)(a) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-tax-Income-tax-news-books-of-accounts-TDS-TDS-deduction-taxscan.jpg "Taxpayer produced books of accounts, Vouchers, Payment required for TDS Deduction: ITAT deletes Penalty u/s 270 A (9)(a) [Read Order]")
Relief to Toyota Financial: ITAT directs Re-Adjudication on Taxability of Interest Income from NPAs [Read Order]
The Bangalore division of the Income Tax Appellate Tribunal ( ITAT ) provided Toyota Financial with relief by instructing a reevaluation of the tax implications related to the interest income derived...
![Relief to Toyota Financial: ITAT directs Re-Adjudication on Taxability of Interest Income from NPAs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Toyota-Financial-Interest-income-Interest-income-taxation-taxscan.jpg "Relief to Toyota Financial: ITAT directs Re-Adjudication on Taxability of Interest Income from NPAs [Read Order]")
Absence of DIN while granting Statutory Approval u/s 153D Income Tax Act: ITAT allows Assesee appeal [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) while allowing the appeal filed by the assessee Bawa Float Glass Ltd held that absence of Document identification Number ( DIN ) while...
![Absence of DIN while granting Statutory Approval u/s 153D Income Tax Act: ITAT allows Assesee appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-ITAT-ITAT-Delhi-Document-identification-Number-Tax-news-taxscan.jpg "Absence of DIN while granting Statutory Approval u/s 153D Income Tax Act: ITAT allows Assesee appeal [Read Order]")
Interest Income received from Co-operative Banks cannot be equated with interest received from Co-operative Society: ITAT not allowed deduction u/s 80P (2) (d) of Income Tax Act [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) disallowed deduction under Section 80P (2)(d) of the Income Tax Act, 1961, stating that interest income received from cooperative...
![Interest Income received from Co-operative Banks cannot be equated with interest received from Co-operative Society: ITAT not allowed deduction u/s 80P (2) (d) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-ITAT-ITAT-Bangalore-Cooperative-Bank-Cooperative-Society-Interest-Income-Tax-deduction-TAXSCAN.jpg "Interest Income received from Co-operative Banks cannot be equated with interest received from Co-operative Society: ITAT not allowed deduction u/s 80P (2) (d) of Income Tax Act [Read Order]")
![ITAT Annual Digest [Part 55]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Part-55-Taxscan.jpg "ITAT Annual Digest [Part 55]")
No Discharge of Onus to Substantiate Claim of Deduction under Income from Other Sources with Required Documents Evidence: ITAT Restores Matter to AO [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore restores matter to the file of Assessing Officer (AO), on the ground that there was no discharge of onus to substantiate claim of deduction under...
![No Discharge of Onus to Substantiate Claim of Deduction under Income from Other Sources with Required Documents Evidence: ITAT Restores Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/claim-income-from-other-sources-documents-evidences-ITAT-AO-TAXSCAN.jpeg "No Discharge of Onus to Substantiate Claim of Deduction under Income from Other Sources with Required Documents Evidence: ITAT Restores Matter to AO [Read Order]")
ITAT restores matter to consider Source of Cash Deposited with Sale Proceeds of LPG Cylinder during Demonetization [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that in the interest of justice and equity an opportunity should be granted to the assessee to prove the source of cash deposits and...
![ITAT restores matter to consider Source of Cash Deposited with Sale Proceeds of LPG Cylinder during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Restores-Source-Cash-Deposited-Sale-Proceed-LPG-Cylinder-Demonetization-taxscan.jpg "ITAT restores matter to consider Source of Cash Deposited with Sale Proceeds of LPG Cylinder during Demonetization [Read Order]")
Interest Income Earned from Scheduled Banks would not be Entitled to Deduction Under Section 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the interest income earned from the scheduled banks would not be entitled to deduction under section 80P(2)(a)(i) or...
![Interest Income Earned from Scheduled Banks would not be Entitled to Deduction Under Section 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-income-scheduled-bank-deduction-ITAT-income-tax-taxscan.jpg "Interest Income Earned from Scheduled Banks would not be Entitled to Deduction Under Section 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]")